Toward the end of October, local real estate firms Windermere Stellar and Realty Trust Group, which both have offices in Northeast Portland, announced that they were merging to form a new company called Windermere Realty Trust. The two firms officially combined on November 1 and now hold the number one market share position in Multnomah County, moving ahead of Keller Williams.
“I’m really excited about the energy of this merger,” said Realty Trust Principal Broker Sue Coon. “I love the people at Windermere and I believe this will be a perfect marriage for all our brokers.”
Realty Trust’s 135 brokers, combined with Windermere Stellar’s 395, will bring Windermere Realty Trust’s broker count to 530. The combined companies’ sales volume in 2016 totaled $2.7 billion. Todd Prendergast, founding partner of Realty Trust Group, will now serve as a co-owner and co-president of Windermere Realty Trust with Brian Allen of Windermere Stellar.
“By aligning with another local company, sharing similar values to Realty Trust, we are opening ourselves up to a wider pool of talent, tools and connections that will bring even more benefits to both our clients and brokers,” said Prendergast, who started Realty Trust in 1997. “There will be no changes on the managerial or staffing side for either organization.”
Windermere Realty Trust is a part of the Windermere Real Estate network, which is the largest regional real estate company in the country with over 300 offices and 6500 agents in ten states throughout the Western U.S. and Mexico. The network has at least 11 other offices throughout the metro area that are independent of the merger.
Realty Trust’s four offices in Portland together with Windermere Stellar’s 11 offices in the region will bring Windermere Realty Trust’s total office count to 15 and all of the offices will remain open for business. The Hollywood office is at 3902 N.E. Sandy Boulevard and the Lloyd Tower office is at 825 N.E. Multnomah St.
“Our companies and our people are a good fit,” said Brian Allen. “Both have professional cultures, shared values, and like-minded brokers who care about their communities and put their clients first.”
“This takes the team approach that Realty Trust is known for to a bigger scale,” said Prendergast. “We are combining two groups of real estate brokers who are among the best in the business.”
For more information, call 503-220-1144 or visit www.windermere.com.