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Berkshire Hathaway HomeServices Commonwealth Real Estate to Acquire Berkshire Hathaway HomeServices N.E. Prime Properties
The change in ownership will add 150 sales associates to Commonwealth Real Estate’s roster
IRVINE, CA (JUNE 4, 2020) - Berkshire Hathaway HomeServices today announced that network member Commonwealth Real Estate is acquiring N.E. Prime Properties, also a network member. The acquisition adds 150 sales associates to Commonwealth Real Estate.
In a mutually beneficial partnership, Berkshire Hathaway HomeServices Commonwealth Real Estate and Berkshire Hathaway HomeServices N.E. Prime Properties have made a deal to become a single company under Commonwealth. The acquisition extends Commonwealth’s presence throughout New England and supports N.E. Prime Properties’ sales associates by bringing them into a larger volume company. Since 1993, N.E. Prime Properties has grown to include offices throughout Maine, Massachusetts, and Rhode Island. Commonwealth Real Estate has a large presence in Massachusetts and Rhode Island and is a member of Berkshire Hathaway HomeServices Elite Circle, a designation that the company is one of the top 50 revenue earners in the global network.
George Patsio, a founding partner at Berkshire Hathaway HomeServices Commonwealth Real Estate, said of the partnership: “What Nancy Quinn and her team have built with N.E. Prime Properties is truly impressive. We are excited to partner with N.E. Prime; their caliber of sales associates, proven track record of providing superior service and culture make this partnership a great fit,” Patsio added, “Nancy’s focus has always been on the people on her team. We’re happy to welcome them to the Commonwealth family.”
Nancy Quinn, owner of Berkshire Hathaway HomeServices N.E. Prime Properties, agreed: “This collaborative partnership with Commonwealth came along at exactly the right time for N.E. Prime. As we adapt to a new normal of doing business, I knew my teams needed stability and a greater reach. We were already familiar with the superior tools of Berkshire Hathaway HomeServices but working with Commonwealth’s leadership team, I saw how Commonwealth’s presence in the New England markets would give my sales associates a greater foothold to achieve their goals.”
Both brokerages are familiar with Berkshire Hathaway HomeServices’ ‘FOREVER Cloud’ technology suite powered by Salesforce which includes lead generation, marketing support, social media content, video production/distribution support and more. In addition, Berkshire Hathaway HomeServices provides global listing syndication, professional training and the exclusive Luxury Collection marketing program for premier listings.
Consolidating the companies creates a stronger opportunity for sales associates. As George Patsio said, “We’re bringing all the talent together and taking the market by storm as one mission-focused company.”
About Berkshire Hathaway HomeServices Commonwealth Real Estate
Boston-based Commonwealth Real Estate, a full-service real estate brokerage, was founded in 2006 by a group of real estate industry leaders dedicated to providing operational excellence, unparalleled market expertise and the best customer service experience to homebuyers and sellers in the greater Boston and Rhode Island areas. In 2019, the brokerage generated $1.5 billion in real estate sales volume and is currently the No. 22 brokerage in the Berkshire Hathaway HomeServices global network. Visit www.commonmoves.com.
About Berkshire Hathaway HomeServices N.E. Prime Properties
Berkshire Hathaway HomeServices N.E. Prime Properties was founded in 1993 as New England Prime Properties, Inc. The brokerage has grown to 12 offices and approximately 200 sales professionals in three New England states: Maine, Massachusetts, and Rhode Island.
Since their inception, N.E. Prime Properties has garnered a host of awards, including being named one of RIS Media's Top 500 "Power Brokerages", a Gibraltar Circle Award Winner, and Member of the Berkshire Hathaway Elite Circle. Berkshire Hathaway HomeServices N.E Prime Properties has consistently outpaced their local markets, increasing total gross commission income year after year.
About Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServices is one of the world’s fastest-growing residential real estate brokerage franchise networks, with more than 50,000 real estate professionals, nearly 1,500 offices throughout the U.S., Canada, Europe and the Middle East, and more than $119 billion in real estate sales volume. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability and longevity. Visit www.berkshirehathawayhs.com.