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Better Homes and Gardens Real Estate Fuels Continued Strategic Growth of BHGRE Haven Properties in Central California

BHGRE Haven Properties capitalizes on strategic growth opportunities provided by Better Homes and Gardens Real Estate to grow market share and revenue

May 30, 2019 // Franchising.com // SAN LUIS OBISPO, Calif. - Better Homes and Gardens Real Estate announced today it has empowered another strategic acquisition for a valued member of its network, Better Homes and Gardens Real Estate Haven Properties, with the affiliated brokerage's acquisition of San Luis Obispo Realty. The combined company will do business as Better Homes and Gardens Real Estate Haven Properties, doubling its agent count and market share to become one of the largest real estate firms in San Luis Obispo County. This marks the brokerage's second major expansion since joining the franchise network in 2016, highlighting how Better Homes and Gardens Real Estate helps affiliated brokers identify, assess and seize smart growth opportunities.

Details:

Broker/Owner Gavin Payne acquired San Luis Obispo Realty a year after acquiring Morro Bay Realty, another acquisition executed with Better Homes and Gardens Real Estate. By working collaboratively with Better Homes and Gardens Real Estate, Payne has demonstrated that strategic acquisitions can be executed with efficiency. The broker's and brand's shared focus of market share growth, cost savings and cultural alignment helps ensure a successful transaction.
Better Homes and Gardens work with their brokers/owners on a regular basis to identify and structure unique and smart growth opportunities. This latest milestone will enable Payne to utilize the former San Luis Obispo Realty office as the combined entity's new headquarters, providing a modernized workspace and ample room to accommodate the company's ongoing expansion.
This realignment, combined with an increased market presence, enhances the brokerage's ability to provide the luxury concierge service that has been integral to its success.
By joining the Better Homes and Gardens Real Estate Network, San Luis Obispo Realty's agents will benefit from the broad suite of resources, technology and marketing materials to fuel their businesses. The San Luis Obispo Realty leadership team will remain with the company as agents and broker associates.

Quotes:

"Gavin is a proactive leader. He not only recognizes, but capitalizes on transformational growth opportunities provided by Better Homes and Gardens Real Estate to help him achieve his goal of becoming the leading brokerage in the region. Gavin's story is one of many exciting examples within the BHGRE network of exponential growth opportunities that exist for visionary broker/owners and our brand. It is our privilege to support Gavin as he and his team continue to expand his company's influence in Central California."
-Sherry Chris, President and CEO, Better Homes and Gardens® Real Estate

"This acquisition is another significant milestone in our growth story, which was again made possible thanks to our affiliation with Better Homes and Gardens Real Estate. The brand's guidance has been crucial to ensure an efficient, culturally-aligned transaction. The management team and agents of San Luis Obispo Realty are a welcome addition to the BHGRE Haven Properties family. Their cultural alignment with our company, service excellence and integrity will form a strong foundation for real estate leadership in our market. We look forward to supporting our new team members to help enhance their careers and support exceptional experiences for their clients."
-Gavin Payne, Broker/Owner, Better Homes and Gardens Real Estate Haven Properties

Tweet:
Better Homes and Gardens Real Estate Haven Properties has acquired San Luis Obispo Realty to become one of the largest #RealEstate brokerages in the region. The combined company will capitalize on unique #SloCal lifestyle to advance @BHGRealEstate's reach in Central California

About Better Homes and Gardens Real Estate LLC

Better Homes and Gardens Real Estate LLC is a dynamic real estate brand that offers a full range of services to brokers, sales associates and home buyers and sellers. Using innovative technology, sophisticated business systems and the broad appeal of a lifestyle brand, Better Homes and Gardens Real Estate LLC embodies the future of the real estate industry while remaining grounded in the tradition of home. Better Homes and Gardens Real Estate LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.

The growing Better Homes and Gardens® Real Estate network includes more than 12,000 independent sales associates and 360 offices serving home buyers and sellers across the United States, Canada, Jamaica and The Bahamas. The brand announced its expansion into Australia and New Zealand in April of 2018.

Better Homes & Gardens® is a registered trademark of Meredith Corporation licensed to Better Homes and Gardens Real Estate LLC and used with permission. An Equal Opportunity Company. Equal Housing Opportunity. Each Better Homes and Gardens® Real Estate Franchise is independently owned and operated.

SOURCE Better Homes & Gardens®

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