Peerage Realty Partners acquires substantial stake in Cascade Sotheby’s International Realty of Oregon
Cascade Sotheby’s International Realty is a leading high-end residential and commercial real estate brokerage with over 400 agents and 17 offices serving Oregon and Southwest Washington. This is the sixth subsidiary of Sotheby’s International Realty to join forces with Peerage Realty Partners.
This new partnership further strengthens Peerage Realty Partners as a leading player in the premium residential real estate market in North America, positioning it for continued growth and future partnership investments. This allows Cascade Sotheby’s International Realty to expand its reach within and beyond its existing key markets.
TORONTO, December 6, 2021 / PRNewswire / – Peerage Realty Partners Inc. (“Peerage Realty“) announces substantial partnership interest in Cascade Sotheby’s International Realty (“Cascade“), a leader in premium real estate brokerage in the Portland, Bend, Southern Oregon, the coastal regions of Oregon, and Southwest Washington markets. The firm specializes in representing significant properties that showcase sophisticated urban markets as well as the spectacular natural beauty of the Pacific Northwest.
Under the direction of the CEO Deb Tebbs and the management team, since 2006, Cascade Sotheby’s International Realty has consistently set sales records for the company. The 2021 sales volume of the company with exceed US $ 3 billion (CAN $ 3.8 billion), reaching an increase of 30% compared to 2020.
The partnership with Cascade Sotheby’s International Realty is a key milestone for Peerage Realty, serving as a cornerstone of its strategy to expand in North America into targeted real estate markets that present attractive growth opportunities. It also strengthens the existing relationship between Peerage Realty and the iconic Sotheby’s International Realty brand, reflecting the intention to forge more such partnerships in the future.
âWith Cascade Sotheby’s International Realty, we are adding another superb Sotheby’s International Realty company to the Peerage Realty family of companies,â said Gavin swartzman, CEO of Peerage Realty. “Deb Tebbs is an exceptional business leader who has built a talented leadership team who shares a long-term commitment to be the best at their business. The ability to associate with those who share our values ââand our singular concern to offer customers a luxury experience, is a real privilege. “
âEvery day we are focused on supporting our agents, and it is our culture of sharing and giving back that is the heart and soul of this business,â said Deb Tebbs. âAs our agents know, my goal has been to build a strong and sustainable model that incorporates the latest technology, broker support and generates future opportunities. I believe this unique partnership with Peerage Realty will benefit our people the most. agents. Now more than ever, we will empower our agents to deliver exceptional real estate services that will benefit our clients. “
Currently, Peerage Realty is in partnership with Sotheby’s International Realty Canada (“SIRC”), from Canada largest luxury real estate brokerage with 30 offices and 690 agents in Ontario, Quebec, British Columbia and Alberta; Briggs Freeman Sotheby’s International with six offices and 381 agents in North Texas, including Dallas and Fort worth; Four Seasons Sotheby’s International Realty with 23 offices and 320 agents in Vermont, New Hampshire and new York; and Jameson Sotheby’s International Realty (âJamesonâ), a dominant player in the luxury residential and commercial real estate markets with six offices and 460 agents in the Greater Chicago Area.
ABOUT CASCADE SOTHEBY’S INTERNATIONAL REALTY
With 400 brokers and 17 offices serving Oregon and Southwest Washington, Cascade Sotheby’s International was ranked the third fastest growing company in Portland in 2020. He holds 20 percent of the key Bend, Oregon market, twice as much as its closest competitor.
In 2021, showing an increase of 30% compared to the previous year, Cascade Sotheby’s International Realty is expected to generate more than US $ 3 billion (CAN $ 3.8 billion) in sales volume. www.CascadeSothebysrealty.com
ABOUT PEERAGE REALTY PARTNERS
Peerage Realty Partners is a leading residential real estate service company, serving the luxury markets across North America.
Peerage Realty’s brokerage partners include the principal franchisees of Sotheby’s International Realty and renowned independent firms in the field of residential real estate brokerage for resale and the marketing of new constructions.
Peerage Realty’s core service businesses include real estate financing, transaction services, asset management and home improvement for purpose built rental properties. Peerage Realty has the unique advantage of being a private company well positioned to engage in long term partnerships and investments.
Peerage Realty is expected to sell US $ 30 billion (38 billion Canadian dollars) in 2021 through its partner firms. It has more than 4,000 leading sales representatives and employees and 211 offices in Canada and the United States. To support growth and expansion among partners, Peerage Realty systematically provides strategic contribution, capital, technology, operational expertise, marketing, communications and value-added products and services that differentiate and strengthen its businesses. partners in competitive markets. Its objective is to expand the range of services that its partner firms can offer to improve the customer experience at all phases of a real estate transaction and beyond. www.peeragerealty.com
ABOUT HERITAGE CAPITAL
Peerage Capital is one of North America’s premier business services and private equity firms. Peerage Capital is focused on partnering with outstanding entrepreneurial management teams to form long-term investments in multiple strategic business service platforms including real estate services, real estate development and management, land assembly, self- storage, asset management and wealth advisory services.
A growing network of partner companies has more than 4,000 sales representatives and employees across Canada and United States with about 8 billion US dollars (10 billion Canadian dollars) in total assets under management (AUM) and under administration. Peerage Capital focuses on service sectors where there are opportunities for expansion through organic growth as well as acquisition, operational synergies and brand differentiation. She supports the partner companies in which she invests by providing capital as well as a team of experienced professionals who add value in areas such as strategy, finance, technology, marketing, mergers and acquisitions and communications. .
Peerage Capital believes that superior talent is the ultimate engine of long-term growth and success. It operates with a strong culture of partnership, collaboration and alignment of interests, both economic and cultural. Peerage Capital’s unique ‘business partnership’ model has been refined over 40 years to accelerate growth through value-added services that enhance the organization’s sustainable and profitable growth rate, maximizing value for all stakeholders . www.peeragecapital.com
ABOUT SOTHEBY’S INTERNATIONAL REALTY
Sotheby’s International Realty was founded in 1976 as a real estate service for discerning clients of the Sotheby’s auction house. Today, the company’s global presence spans nearly 1,000 offices in 75 countries and territories around the world, including 45 company-owned brokerage offices in major metro and resort markets. In February 2004, Realogy has entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a franchise system. The franchise system is made up of an affiliate network, where each office is owned and operated independently. Sotheby’s International Realty supports its affiliates and agents with a multitude of operational, marketing, recruiting, training and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby’s auction house, established in 1744.
The affiliate network is operated by Sotheby’s International Realty Affiliates LLC, and the brokerage firms owned by the company are operated by Sotheby’s International Realty, Inc. Both entities are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, moving and establishment services. Sotheby’s International Realty Affiliates LLC and Sotheby’s International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act. www.sothebysrealty.com
SOURCE Peerage Realty Partners Inc.