Allen Tate Realtors announced Tuesday it’s acquired Realty One, a 65-agent indie in North Carolina’s Triad region. The acquisition is Allen Tate Realtors’ second since joining Hanna Holdings, the parent company of Howard Hanna Real Estate.
“Very rarely in a marketplace can two cultures come together as one when they were previously competitors,” Pat Riley, CEO of Allen Tate Realtors said, in a statement.
Riley praised Eric Munger, owner and broker-in-charge of Realty One, in a statement, saying Munger has accomplished a lot since founding his company in 2010, and he and Munger have long had a mutual admiration.
Realty One was established in 2010 and has since grown to 65 agents serving clients in Forsyth, Guilford, Davidson, Davie, Stokes, Surry and Yadkin counties. The brokerage says it closed 516 transactions for $93 million in sales volume in 2018.
“Allen Tate aligns with who we are,” Munger said, in a statement. “We’ve built our business caring about our agents, our clients and our community.”
“We value both identity as individuals and collaboration as a team,” Munger added. “And like Allen Tate, we believe that homeownership is a lifelong journey and relationship.”
The acquisition is Allen Tate Realtors’ second since joining Hanna Holdings. In September, the company announced it was acquiring Blowing Rock Investment Properties, a full-service brokerage specializing in vacation homes, investment properties, commercial properties and primary residences. With the two acquisitions, Allen Tate now has 47 offices in North Carolina and South Carolina.