David Lyng Real Estate Acquires American Dream Realty
Posted by Morgan Lyng Lukina — June 17, 2015
CAPITOLA, CA - David Lyng Real Estate announced today that it has acquired American Dream Realty for an undisclosed purchase price. The combined companies now include eight offices and 230 salespeople spread across Santa Cruz and Monterey counties. This acquisition makes David Lyng Real Estate the largest brokerage in Santa Cruz County in both number of sales and overall sales volume.
President David Lyng said, "This merger makes our office stronger in many ways. We now have additional offices serving a wider area in Santa Cruz, Scotts Valley, and the San Lorenzo Valley and we are excited by the opportunity to add many additional talented agents to our sales team.” Co-owner Sally Lyng added, “It's not about being bigger, but about being the best we can for our agents and their clients.”
David Lyng Real Estate was founded in 1980 by David and Sally Lyng and American Dream Realty was started by Don Gerig, Sr.in 1989. Both independent companies are locally owned and family operated and this was a major attraction for each company. Don Gerig, Sr. and his four children have all been involved in the success and growth of their company and David Lyng Real Estate will continue to be a family run business. David and Sally and their two daughters Megan Lyng and Morgan Lyng Lukina and their son-in-law Greg Lukina will run the combined organization. The two companies will remain independent brands operated under David Lyng as the broker of record.
“I’m happy to be able to see another family business acquire our family business,” quotes Don Gerig Sr.
“This is a strategic move for us but our core values of integrity, trust, and service to the client will not change.” -David Lyng
For any comments please contact David Lyng (831) 234-6000.