Peerage Realty merges with Sotheby’s International
the largest in Vermont immovable The company, which is heading for $ 1.6 billion in sales this year, has sold a controlling stake in its business to an even larger player in the North American market. Terms of the sale were not disclosed.
Toronto based Peerage real estate partners acquired a majority stake in Four Seasons Sotheby’s International Realty, based in Burlington, which bills itself as the “first immovable brokerage “in Vermont and New Hampshire. Four Seasons has more than 218 agents and 36 employees in offices across the two states.
“With Peerage as a strategic partner, we will build on the success we have already achieved,” Four Seasons CEO Alan DiStasio said in a press release. “All Four Seasons associates and employees will benefit from the additional support and resources now available to us. “
Peerage Realty, founded in 2007, is a subsidiary of the Peerage Capital Group. Thanks to its partner companies, including Four Seasons, it achieved more than $ 14.2 billion in residential sales in 2020 and is expected to sell more than $ 23.6 billion in 2021. Peerage has more than 4,000 sales representatives in 143 offices in Canada and the United States. .
“We are on the right track to continue our momentum and achieve our goal of being among the largest high-end residential real estate companies in North America, ”said Gavin Swartzman, CEO of Peerage Realty, in a press release.
Contact Dan D’Ambrosio at 660-1841 or [email protected] Follow him on Twitter @DanDambrosioVT. This coverage is only possible with the support of our readers.