Word on the street last week was that Berkshire Hathaway had gone shopping in Dallas once again, this time snapping up the boutique Nathan Grace Real Estate. But no, it wasn’t Berkshire H.
It was CENTURY 21 Judge Fite Company, with Jim Fite as president, who answers their phone as “the official real estate company of the Dallas Cowboys”.
Rather than an acquisition, this sounds like more of a strategic partnership between the two firms. It appears this will be a luxury division within Judge Fite, the new company calling itself “Fine Homes & Estates CENTURY 21 Nathan Grace.” Everyone wants a piece of that luxury pie, so this is a smart way for Judge Fite to get into those luxe markets. And it’s a smart way for Nathan Grace to pick up the technology and tools that come with a billion dollar company. What brokers want, you see, is high-producing agents and they are forever in competition with each other to attract them. Hard working agents are the ones who get homes sold!
Kevin Caskey is president of Nathan Grace. Century 21 is a division of Realogy called NRT, with all the company-owned shops sitting under NRT.
Who else is in Realogy? Coldwell Banker, ERA, Sotheby’s, Better Homes and Gardens (which has a 99 year lease on that name, by the way), and a couple boutiques in NYC. It’s like how so many department stores are owned by Macy’s.
Realogy is a $4 to $5 billion company headquartered in Madison, N.J., headed by Richard Smith. Oh and it’s pronounced “Realo-gee.” The company owns at least a quarter of the real estate companies in the US.
Because of our hot real estate market, D/FW is considered prime pickins for these giant firms, just like other smoking markets. Berkshire Hathaway just bought Long & Foster in D.C. and the mid Atlantic, and of course they bought Allie Beth Allman last year. There is so much movement and agent migration, I need a sabbatical to cover it.
I have phone calls in, but the Nathan Grace folks are still in a company meeting. Stay tuned.
FOR IMMEDIATE RELEASE
For More Information Contact: Jim Fite, President
CENTURY 21 Judge Fite Company Office – 214.920.9611 firstname.lastname@example.org
Nathan Grace Real Estate and CENTURY 21 Judge Fite Company Join Together
Dallas, TX (September 26, 2017) — In conjunction with the partnership of Nathan Grace Real Estate, CENTURY 21 Judge Fite Company announces the launch of a new brand, Fine Homes & Estates CENTURY 21 Nathan Grace.
This partnership makes CENTURY 21 Judge Fite Company the third largest brokerage in the Dallas/Fort Worth Metroplex in market share. CENTURY 21 Judge Fite Company is also ranked the number one CENTURY 21 brokerage in the DFW area, number one in Texas and number four in the U.S.
With similar values and missions, Jim Fite, chief executive officer of CENTURY 21 Judge Fite Company knew this partnership would provide continued success to both brokerages.
“Over the years, it was evident our company cultures were aligned,” Fite said. “Both companies have Dallas Business Journal Best Places to Work and Dallas Morning News Top 100 Places to Work awards, a commitment to the industry and a love for the people.”
“We have been watching Nathan Grace grow and knew that bringing these two companies together would enhance services to the people we serve,” Fite said. “Joining with Fine Homes and Estates C21 Nathan Grace will do just that.”
Nathan Grace Real Estate opened its doors more than seven years ago and continues to be a head-turner in the industry since day one. Nathan Grace is a boutique firm with five locations serving Dallas and Collin Counties with 180 agents and employees. Jan Fite Miller, executive vice president of CENTURY 21 Judge Fite Company said this partnership allows Nathan Grace to operate on a larger scale with additional turn-key real estate services for clients.
“The partnership allows the Nathan Grace team the capability of serving their clients with a company that offers national and international recognition, relocation services, and property management and leasing,” Fite Miller said. “The combining of both companies’ leadership builds a powerhouse of experience that is second to none in the marketplace.”
Fine Homes & Estates C21 Nathan Grace will join with CENTURY 21 Judge Fite Offices to continue to offer high touch and high service to both real estate professionals and consumers in the way both Nathan Grace Real Estate and CENTURY 21 Judge Fite Company have done for years.