Company:HomeServices of America

From HandWiki
Berkshire Hathaway HomeService
IndustryReal Estate
Founded1998; 26 years ago (1998)
HeadquartersMinneapolis, Minnesota
ServicesBrokerage firm
Insurance
OwnerBerkshire Hathaway
ParentBerkshire Hathaway Energy

HomeServices of America is a residential real estate services company. The company provides real estate brokerage services, mortgage loan origination, franchising, title insurance/escrow and closing services, home warranties, property insurance, casualty insurance, and relocation services.

The company's real estate brokerage division operates under 43 brand names, which are listed on its website.[1]

A HomeServices of America in Gillette, Wyoming

History

The company traces its roots to Amerus Home Services Inc.

In 1998, Amerus Home Services was acquired by MidAmerican Energy Holdings Company.[2][3][4]

In 1999, Berkshire Hathaway acquired MidAmerican Energy Holdings Company.[5][6]

In 2012, the company acquired real estate brokerage firms from Prudential and Real Living.[7][8]

In August 2013, the company acquired Prudential Fox & Roach, Realtors®/Trident Group.[9][10][11]

In November 2013, the company acquired Prudential Rubloff Properties, operating in the Chicago area.[12]

In May 2014, the company acquired Intero Real Estate Services, operating in Silicon Valley.[13][14][15]

In July 2015, the company acquired Prudential Centennial Realty, operating in Westchester County,[16] and First Weber, the largest residential brokerage in Wisconsin.[17][18]

In January 2017, the company acquired Houlihan Lawrence, the largest residential brokerage in Westchester County.[19][20]

In April 2017, the company acquired Gloria Nilson & Co. Real Estate, a residential brokerage in New Jersey.[21][22] The company also formed a strategic alliance with Juwai.com, China’s largest overseas property portal offering access to high-net-worth individual Chinese buyers looking to purchase homes.[23][24]

In June 2017, Robert Moline, president of the company, retired.[25]

In September 2017, the company acquired Long & Foster.[26][27]

References

  1. ↑ Home Services: Brokerage
  2. ↑ SALPUKAS, AGIS (April 7, 1998). "MidAmerican to Buy Real Estate Group". The New York Times. https://www.nytimes.com/1998/04/07/business/midamerican-to-buy-real-estate-group.html. (Subscription content?)
  3. ↑ Kerch, Steve (May 24, 1998). "What America's Homes Need Is A Conglomerate". Chicago Tribune. http://articles.chicagotribune.com/1998-05-24/business/9805240047_1_midamerican-appliance-phone-and-cable-lines. 
  4. ↑ "Edina Realty sold to energy company". American City Business Journals. April 6, 1998. https://www.bizjournals.com/twincities/stories/1998/04/06/daily1.html. 
  5. ↑ Lipin, Steven; Miller, James P. (October 25, 1999). "Investors Led by Buffett to Buy Iowa's MidAmerican Energy". The Wall Street Journal. https://www.wsj.com/articles/SB940805892134236925. (Subscription content?)
  6. ↑ "Buffett gets energetic". CNN Money. October 25, 1999. http://money.cnn.com/1999/10/25/deals/berkshire/. 
  7. ↑ "Warren Buffett buys Prudential real estate unit". Associated Press (USA Today). October 30, 2012. https://www.usatoday.com/story/money/business/2012/10/30/buffett-firm-buys-prudential-real-estate/1668649/. 
  8. ↑ Sichelman, Lew (September 20, 2013). "Berkshire Hathaway to shake up real estate franchise landscape". Los Angeles Times. http://www.latimes.com/business/realestate/la-fi-lew-20130922-story.html. 
  9. ↑ "HomeServices of America, Inc. Announces Acquisition of Prudential Fox & Roach, Realtors®/Trident Group" (Press release). Business Wire. August 14, 2013. External link in |publisher= (help)
  10. ↑ Kostelni, Natalie (November 12, 2013). "Fox & Roach finally gets its new name". American City Business Journals. https://www.bizjournals.com/philadelphia/blog/real-estate/2013/11/fox-roach-finally-gets-its-new-name.html. 
  11. ↑ Simpson, Jake (August 15, 2013). "Berkshire Hathaway Unit Buys RE Broker Prudential Fox". Law360. https://www.law360.com/articles/465134. 
  12. ↑ "HomeServices of America, Inc. Announces Acquisition of Prudential Rubloff Properties" (Press release). Business Wire. November 12, 2013. External link in |publisher= (help)
  13. ↑ "HomeServices of America, Inc. Announces Acquisition of Silicon Valley–based Intero Real Estate Services" (Press release). Business Wire. May 13, 2014. External link in |publisher= (help)
  14. ↑ Donato-Weinstein, Nathan (May 13, 2014). "Done deal: Buffett's Berkshire finalizes acquisition of Intero to cash in on Silicon Valley". American City Business Journals. https://www.bizjournals.com/sanjose/news/2014/05/13/done-deal-buffetts-berkshire-finalizes-acquisition.html. 
  15. ↑ Buchta, Jim (May 13, 2014). "HomeServices buys Silicon Valley real estate brokerage". Star Tribune. http://www.startribune.com/homeservices-buys-silicon-valley-real-estate-brokerage/259138621/. 
  16. ↑ "Berkshire Hathaway HomeServices New England Properties Acquires Westchester County Brokerage Leader" (Press release). Business Wire. July 1, 2015. External link in |publisher= (help)
  17. ↑ Buchta, Jim (July 28, 2015). "HomeServices of America buys First Weber, biggest brokerage in Wisconsin". Star Tribune. http://www.startribune.com/homeservices-of-america-buys-first-weber-biggest-brokerage-in-wisconsin/319052361/. 
  18. ↑ Schiffman, Betsy (November 17, 2015). "Warren Buffett Can't Buy Real Estate Agencies Fast Enough". Forbes. https://www.forbes.com/sites/betsyschiffman/2015/11/17/warren-buffett-cant-buy-real-estate-agents-fast-enough/. 
  19. ↑ Stempel, Jonathan (January 17, 2017). "Berkshire Hathaway unit buys big NYC-area real estate firm". Reuters. https://www.reuters.com/article/us-houlihan-lawrence-m-a-berkshire-hatha/berkshire-hathaway-unit-buys-big-nyc-area-real-estate-firm-idUSKBN15135Cl. 
  20. ↑ Hall, Miriam (January 19, 2017). "Berkshire Hathaway is betting big on New York — will it work?". The Real Deal. https://therealdeal.com/2017/01/19/inside-berkshire-hathaways-big-bet-on-new-york/. 
  21. ↑ "HomeServices of America® Announces the Acquisition of Gloria Nilson & Co. Real Estate" (Press release). Business Wire. April 4, 2017. External link in |publisher= (help)
  22. ↑ Reilly, Mark (April 5, 2017). "HomeServices' latest deal takes it to Jersey Shore". American City Business Journals. https://www.bizjournals.com/twincities/news/2017/04/05/homeservices-latest-deal-takes-it-to-jersey-shore.html. 
  23. ↑ "Berkshire Hathaway HomeServices Signs Marketing Agreement with Juwai.com, China's Largest International Property Portal" (Press release). Business Wire. April 17, 2017. External link in |publisher= (help)
  24. ↑ Stempel, Jonathan (April 17, 2017). "Buffett's Berkshire, Chinese property website Juwai.com team up". Reuters. https://www.reuters.com/article/us-berkshire-hatha-juwai-com/buffetts-berkshire-chinese-property-website-juwai-com-team-up-idUSKBN17J15P. 
  25. ↑ "HomeServices of America® Announces Executive Retirement" (Press release). Business Wire. June 21, 2017. External link in |publisher= (help)
  26. ↑ "HomeServices of America® Acquires The Long & Foster Companies" (Press release). Business Wire. September 7, 2017. External link in |publisher= (help)
  27. ↑ Gilgore, Sara (September 7, 2017). "Long & Foster acquired by Buffett affiliate HomeServices of America". American City Business Journals. https://www.bizjournals.com/washington/news/2017/09/07/long-foster-acquired-by-homeservices-of-america.html. 




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