William Raveis Chapman Enstone Announces Acquisition in Newport, RI
Posted by Supriya Anand — April 4, 2011
Chris Raveis, President of William Raveis Affiliates, recently announced William Raveis Chapman Enstone has acquired Bellevue Realtors, a prominent rental company in Newport, Rhode Island. William Raveis Chapman Enstone will be relocating its Newport office to 65 Bellevue Avenue, the current location of Bellevue Realtors, at the end of June.
Bellevue Realtors had been owned by Vin Marcello for the past 34 years and specializes in long term rentals on Aquidneck Island. As well as its primary rental business, it also operates the Bellevue Real Estate School, which William Raveis Chapman Enstone intends to continue, along with the company’s sales activity. David Enstone, co-owner of William Raveis Chapman Enstone, said, “Our primary objective in acquiring the business was to further strengthen our rental market share on Aquidneck Island. The combined rental businesses will now handle approximately 450 - 500 long term leases a year, which will make us one of the largest rental operations in the state.”
The announcement of this acquisition follows tremendous growth that William Raveis Chapman Enstone has achieved since affiliating with William Raveis back in October 2007 when they had 12 sales associates in their sole office in Newport. Since that time, the company has opened up additional offices in Bristol and East Greenwich and now has 74 sales associates statewide with further expansion planned.
William Raveis Real Estate, Mortgage & Insurance is one of the top companies in the nation. It was recently ranked in 2010 by sales volume in REALTOR® Magazine as the #1 family-owned real estate company in the Northeast and the 11th largest real estate company in the USA. The innovative firm is nationally recognized as an industry leader in technology, marketing and REALTOR® education. Its award-winning website, raveis.com, draws more than 10 million visits annually and includes more than 300,000+ MLS listings in Connecticut, New York, Massachusetts, Rhode Island, New Hampshire, Maine and Vermont.
William Raveis Real Estate is a household name in its founding state, CT and is the #1 real estate company in world-renowned Fairfield County. The company entered the Massachusetts marketplace in 2003 and, according to the 2010 closed sales volume in the Multiple Listing Service Pin, is now the largest independent brokerage in that state with 22 offices. William Raveis recently expanded into New York and presently has offices in Rye, Harrison, Katonah, Chappaqua and Sleepy Hollow in Westchester County. The firm has 2,700 highly trained sales professionals and 75 company-owned and affiliate offices in New York, Connecticut, Rhode Island and Massachusetts. For more information, visit raveis.com.