Silicon Valley, CA (February 24, 2011) – Intero Franchise Services, Inc. has signed a master franchise agreement in Texas with Avanti Capital Management (“Avanti”), a real estate investment group operating in the Houston metropolitan area.
Avanti will operate as a master franchise of the Intero Brand with an exclusive territory that encompasses the Houston, Texas metropolitan area. Avanti’s aggressive growth plans include, through an affiliate, opening its first company owned office located in West Ave, this spring. West Ave is a hip luxury urban neighborhood located in the heart of River Oaks. Initial franchise locations are planned in the Katy and Woodlands markets.
“We are honored to align with the Intero family of companies, a premier brand with an amazing story that is rapidly expanding domestically and internationally,” said Avanti CEO and President of Intero Houston, Daniel Ciscomani. “We are excited to introduce a fresh approach into the Houston market with innovative systems, training, technologies, and unmatched executive leadership.”
The Intero office in West Ave will be led by local broker, Katie Maxwell, and will feature the Intero Andare design, a smaller technology-rich and more eco-friendly space designed for today's mobile REALTOR.
“The economics of a real estate brokerage today are different than a few years ago,” said Tom Tognoli Intero COO. “Ciscomani’s progressive business philosophy coupled with the Intero Andare office model will revolutionize the way real estate is done in Houston.”
Intero President and CEO Gino Blefari added, “Continuing to build on our global presence, this agreement presents an incredible opportunity to further align Intero with internationally recognized U.S. markets.”
The launch of Intero Houstonfollows the recent announcements of Intero UK, Intero Shanghai and Intero Hong Kong locations.
About the Intero® brandFounded in 2002, Intero Real Estate Services, Inc. has quickly become one of the premier real estate brands in the U.S. In 2004, Intero Franchise Services Inc. began franchising and currently is operating in many of the western states. In 2009, Intero International Franchise Services, LLC embarked on developing territories in Asia Pacific, Europe, Middle East, Africa and the Americas. The companies are private and headquartered in California's Silicon Valley.
About AvantiAvanti is a Texas based boutique private equity group that represents an exclusive network of domestic and overseas investors who are seeking attractive investment opportunities in real estate.