The last time we wrote about HomeSmart was in 2017 after they acquired Denver, Colorado based Cherry Creek Property with 1500 agents. Now they will be converting TriStar Realty, a firm serving Maryland, Virginia, and the District of Columbia. TriStar’s designated broker, Cindy Sinanan will stay on in that role.
If you have not seen the 2007 film, A Hero Ain’t Nothing But a Sandwich, don’t bother. It’s a pretty depressing story about a young boy who gets hooked on heroin. But I love the title. It takes a word like Hero, with its multiple meanings and twists it into something profound. One of most important impressions that I got from the RISMedia CEO Summit last week is that the meaning of Disruptors can be twisted around too.
HomeSmart has acquired Cherry Creek Properties, a large real estate brokerage serving the Denver, Colo., metropolitan area, the company announced Wednesday. The acquisition makes HomeSmart the No. 1 real estate firm in the state based on agent count, according to the company. The addition of Cherry Creek Properties’ 1,500-plus agents brings the firm’s total agent count to over 13,000, and widens its reach to 123 offices in 16 states. HomeSmart and its franchises’ closed sales volume, combined with Cherry Creek Properties’, totaled more than $14.6 billion in 2016, with more than 53,000 in closed transactions, according to RISMedia’s Power Broker [...]
