HomeServices of America

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HomeServices of America
Industry Real Estate
Founded 1998; 19 years ago (1998)
Headquarters Minneapolis, Minnesota
Services Brokerage firm
Insurance
Owner Berkshire Hathaway
Parent Berkshire Hathaway Energy

HomeServices of America is a residential real estate services company. The company provices 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]

History[edit]

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[edit]

  1. ^ Home Services: Brokerage
  2. ^ SALPUKAS, AGIS (April 7, 1998). "MidAmerican to Buy Real Estate Group". The New York Times. (subscription required)
  3. ^ Kerch, Steve (May 24, 1998). "What America's Homes Need Is A Conglomerate". Chicago Tribune. 
  4. ^ "Edina Realty sold to energy company". American City Business Journals. April 6, 1998. 
  5. ^ Lipin, Steven; Miller, James P. (October 25, 1999). "Investors Led by Buffett to Buy Iowa's MidAmerican Energy". The Wall Street Journal. (subscription required)
  6. ^ "Buffett gets energetic". CNN Money. October 25, 1999. 
  7. ^ "Warren Buffett buys Prudential real estate unit". Associated Press. USA Today. October 30, 2012. 
  8. ^ Sichelman, Lew (September 20, 2013). "Berkshire Hathaway to shake up real estate franchise landscape". Los Angeles Times. 
  9. ^ "HomeServices of America, Inc. Announces Acquisition of Prudential Fox & Roach, Realtors®/Trident Group" (Press release). Business Wire. August 14, 2013. 
  10. ^ Kostelni, Natalie (November 12, 2013). "Fox & Roach finally gets its new name". American City Business Journals. 
  11. ^ Simpson, Jake (August 15, 2013). "Berkshire Hathaway Unit Buys RE Broker Prudential Fox". Law360. 
  12. ^ "HomeServices of America, Inc. Announces Acquisition of Prudential Rubloff Properties" (Press release). Business Wire. November 12, 2013. 
  13. ^ "HomeServices of America, Inc. Announces Acquisition of Silicon Valley–based Intero Real Estate Services" (Press release). Business Wire. May 13, 2014. 
  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. 
  15. ^ Buchta, Jim (May 13, 2014). "HomeServices buys Silicon Valley real estate brokerage". Star Tribune. 
  16. ^ "Berkshire Hathaway HomeServices New England Properties Acquires Westchester County Brokerage Leader" (Press release). Business Wire. July 1, 2015. 
  17. ^ Buchta, Jim (July 28, 2015). "HomeServices of America buys First Weber, biggest brokerage in Wisconsin". Star Tribune. 
  18. ^ Schiffman, Betsy (November 17, 2015). "Warren Buffett Can't Buy Real Estate Agencies Fast Enough". Forbes. 
  19. ^ Stempel, Jonathan (January 17, 2017). "Berkshire Hathaway unit buys big NYC-area real estate firm". Reuters. 
  20. ^ Hall, Miriam (January 19, 2017). "Berkshire Hathaway is betting big on New York — will it work?". The Real Deal (magazine). 
  21. ^ "HomeServices of America® Announces the Acquisition of Gloria Nilson & Co. Real Estate" (Press release). Business Wire. April 4, 2017. 
  22. ^ Reilly, Mark (April 5, 2017). "HomeServices' latest deal takes it to Jersey Shore". American City Business Journals. 
  23. ^ "Berkshire Hathaway HomeServices Signs Marketing Agreement with Juwai.com, China’s Largest International Property Portal" (Press release). Business Wire. April 17, 2017. 
  24. ^ Stempel, Jonathan (April 17, 2017). "Buffett's Berkshire, Chinese property website Juwai.com team up". Reuters. 
  25. ^ "HomeServices of America® Announces Executive Retirement" (Press release). Business Wire. June 21, 2017. 
  26. ^ "HomeServices of America® Acquires The Long & Foster Companies" (Press release). Business Wire. September 7, 2017. 
  27. ^ Gilgore, Sara (September 7, 2017). "Long & Foster acquired by Buffett affiliate HomeServices of America". American City Business Journals.