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| Mike Pappas |
Wellington, FL – The Keyes
Company has announced the acquisition of the Wellington-based real estate firm Reality Elite The Palm Beaches. This
marks the third acquisition for the firm since August, proving Keyes and its
Family of Companies are committed to growth throughout South Florida and the
Treasure Coast.
Founded by David Lopez in 2007, Realty Elite’s
agents specialize in a variety of properties, including residential, commercial
and marine. The firm also embraces technology, and offers turnkey marketing,
with an importance placed on graphics and artwork to help clients experience
the full beauty their properties have to offer. In 2016, Realty Elite’s 64
agents generated sales of $92 million.
“We are pleased to welcome
Realty Elite’s team,” said Keyes CEO Mike
Pappas. “Their experienced associates are exceptional and will, without a
doubt, help deliver strong service and results to clients.”
Realty Elite’s agents will
now relocate to the Keyes Wellington office, located at 13920 Wellington Trace.
Here, they can take advantage of the leadership, marketing, resources and
technology of Keyes as they continue to promote their properties and enjoy
increased sales and listing opportunities.
 |
| Joan Richardson |
“We are delighted to welcome the Realty Elite team to the Keyes family,” said Joan Richardson, manager of the Keyes Wellington office. “They are dedicated to every client who walks through the door, which makes all the difference in providing outstanding service.”
“We plan to continue
growing through strategic acquisitions over the rest of 2017 and beyond,” said Steve Reibel, SVP of Keyes.
“Profit
margins are tightening in the brokerage industry, so we’re seeing more and more
consolidation of firms that do not have the size and scale to withstand the new
reality. We are fortunate to have the infrastructure, technology and diversity
of services to help our brokers thrive.”
Independently-owned and
operated since its founding in 1926, Keyes is extremely active in luxury
residential real estate. In 2016, Keyes listed more than $1 billion in luxury
homes priced at $1 million or more.
The Keyes Family of
Companies is the largest independently-owned real estate firm in Florida and a
Top 25-ranked firm in the entire United States. In Palm Beach County alone,
Keyes has in excess of 1,100 Sales Associates and produces double the volume of
its closest competitor.
Independently-owned and
operated since 1926, The Keyes Company is a leader in the real estate industry.
Keyes completed a merger with Illustrated Properties in July 2016. Keyes has 58
offices, more than 3,000 associates and nearly $6 billion in annual real estate
sales and services.
 |
| Steve Reibel |
Keyes’ offices are
distributed throughout six counties – Miami-Dade, Broward, Palm Beach, Martin,
St. Lucie, and Volusia. Keyes expands our Associates’ reach globally as a
Founding Member and Shareholder of Leading Real Estate Companies of the World®.
In addition to our
Associates’ expertise, The Keyes Company offers a suite of resources to cover
whatever needs arise while buying or selling your home. Your mortgage, title,
insurance, and property management needs can all be managed in-house, allowing
us to close your deal with speed and efficiency while giving you the
opportunity to talk to a real person whenever you have a question.
For more information on this press release, please
contact:
Jasmin Curtiss
PR Coordinator, BoardroomPR
O 954-370-8999
Bank of America Plaza | 1776 N Pine Island
Road
Suite 320 | Fort
Lauderdale, FL 33322
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