HomeServices of America, Inc. ™, Parent Company of Harry Norman, Realtors® Expands Presence with Addition of Affiliates in Connecticut and Seattle
Posted by Mallory Schrampfer — April 23, 2012
ATLANTA, GEORGIA—HomeServices of America, Inc. ™, a Berkshire Hathaway affiliate and parent company of Atlanta-based brokerage Harry Norman, Realtors® has acquired Prudential Northwest Realty Associates out of Seattle and Prudential Connecticut Realty.
Headquartered in Wallingford, Conn., Prudential Connecticut serves the entire state of Connecticut, with more than 1,400 sales associates in more than 50 offices located in major markets across the state. Prudential Rhode Island Realty, a division of Prudential Connecticut Realty has two offices serving the communities of Westerly and Watch Hill. In 2011, Prudential Connecticut Realty had $2.5 billion in sales. “It is among the leading real estate companies in the U.S and closely aligns with our corporate vision, our culture of integrity, and our emphasis on customer value and results.” said Ron Peltier, chairman and CEO of HomeServices.
Originally established in 1942, Prudential Northwest Realty joined the Prudential Real Estate affiliate network in 1990 and is their largest affiliate in the state of Washington, with more than 350 sales associates in six offices. In 2011, the company had more than $740 million in sales. “Prudential Northwest Realty is a strong company with an excellent reputation in a growth market,” explained Peltier. Under the new structure, Prudential Connecticut Realty and Prudential Northwest Realty Associates retain their name and remain flagship franchises of Prudential Real Estate’s U.S. network.
Keeping with the excellence of the HomeServices vision, Harry Norman is a continuously growing company—with 12 sales offices, various franchise and satellite offices and more than 1,000 experienced real estate professionals. It remains the oldest and largest residential real estate firm in Atlanta. On the addition of Prudential Northwest Realty, Dan Parmer, President and CEO of Harry Norman, said, “We are excited about the growth that our company continues to experience and proud of the expansive knowledge base we are able to offer our clients and our peers as a result.”
HomeServices is based in Minneapolis, Minn., and is the second-largest homeownership service provider in the United States. Owned by MidAmerican Energy Holdings Company, a consolidated subsidiary of Berkshire Hathaway Inc., HomeServices’ operating companies, who average 54 years in the respective markets in which they operate, offer integrated real estate services, including brokerage services, mortgage originations, title and closing services, property and casualty insurance, home warranties and other homeownership services. HomeServices Relocation, LLC is the full-service relocation arm of HomeServices of America which provides every aspect of domestic and international relocation to corporations around the world.
About Harry Norman, REALTORS®
Founded in 1930, Harry Norman, REALTORS ® is Atlanta’s oldest and largest residential real estate firm with 12 sales offices, various franchise and satellite offices, and more than 1,000 real estate professionals. Harry Norman, REALTORS ® is a wholly-owned subsidiary of HomeServices of America, Inc., a Berkshire Hathaway affiliate. Harry Norman, REALTORS ® is the exclusive Atlanta affiliate of Christie’s International Real Estate and achieves additional international exposure through membership in such exclusive real estate networks as Who’s Who in Luxury Real Estate and Leading Real Estate Companies of the World®. More information is available at www.harrynorman.com.