Two of the Largest Independent Brokerages Join Forces

By |2018-09-20T15:05:47+00:00September 20th, 2018|Press Releases, Uncategorized|0 Comments

Very exciting news today!   

Allen Tate and Howard Hanna have joined forces creating a powerful partnership with the #4 and #1 private, family-owned brokerages in America. Together these giants sold 119,000 properties equaling $24 billion in transactions.   I cannot wait to see what the progressive leadership of both of these companies can do when they combine forces! They both have dominant market positions and highly trusted brands that consumers love!

 

Charlotte, NC (September 20, 2018) – Today at the Charlotte Convention Center, Pat Riley, President and CEO of the Allen Tate Companies, announced to agents and employees gathered for their convention, Momentum 2018, that the company has joined forces with Howard Hanna Real Estate Services.  “This union brings together first-rate real estate professionals from two of the most respected and trusted companies in the business and blends them into one unified organization,” said Riley.

Allen Tate, the largest real estate company in the Carolinas, joins regional giant Howard Hanna, whose market reach spans the eight states of Pennsylvania, Ohio, New York, North Carolina, Virginia, West Virginia, Maryland and Michigan.  The move is the first of its kind for market- leading, privately owned real estate companies in the Carolinas and creates an East Coast/Mid-Atlantic/Midwest giant with more than 11,000 agents and employees in 326 offices across nine states.

“The similarities of our two great companies are amazing and are the reason we have been successful individually. They serve as a road map to the combined success we intend to create via joint ownership,” added Pat Riley. “Both companies are full-service, offering mortgage, title, relocation and insurance products to buyers and sellers, in addition to brokerage services.  Our mottos are We Are Home at Allen Tate and Home Happens Here at Howard Hanna, and we are both members of Leading Real Estate Companies of the World®, the most powerful connection in the world of real estate. This partnership speaks volumes as far as ensuring our clients will continue to receive all the services and homeownership products they have been accustomed to and so much more.”

Allen Tate and Howard Hanna previously represented the #4 and the #1 private, family-owned real estate firms in the United States, according to a recent research report produced by REAL Trends.* Combined, the two firms facilitated more than 119,000 home sale transactions in 2017, with a closed sales volume of more than $24 billion. The partnership makes the two companies the top residential real estate producer in Pennsylvania, Ohio, New York, and the Carolinas.

“Howard Hanna and Allen Tate have grown up together in the industry, and together, we will continue to do great things,” said Hanna Holdings, Inc. Chairman Howard W. “Hoddy” Hanna, III.  “This partnership will allow us to continue our dominance as the largest privately owned real estate organization in the country. We are combining not only real estate brokerages, but also mortgage banking divisions, with combined annual volume of over $2 billion, as well as our insurance companies, making us the largest property and casualty real estate insurance agency on the East Coast.”

“We look forward to working with the Tate Companies, adding new technologies and innovative programs such as our 100% Money Back Guarantee and our special mortgage finance programs such as Physicians Plus and Buy Before You Sell.  Together, we will continue to provide best-in- class service, local expertise, innovative technologies, and a client-first philosophy,” added Hanna.

These two strong, family-operated companies, both established in 1957 – Allen Tate in Charlotte and Howard Hanna in Pittsburgh – have long-established ties to their regions. “We always look to move forward, and we made a decision in the 1980s to remain independent,” said Howard Hanna CEO Helen Hanna Casey.  “This collaboration will provide the best products and services in the real estate industry, along with shared marketing and promotion of properties. We see this as a benefit to both our clients and our agents.”

“Allen Tate and Howard Hanna share a common theme of commitment to their agents and clients.  By uniting our strengths, talents and resources, the combined company and our real estate professionals have an automatic advantage in the marketplace that translates into greater opportunities and enhanced services for people buying and selling homes with us,” said Howard W. “Hoby” Hanna, IV, President of Howard Hanna.

*2018 REAL Trends 500

About Howard Hanna Real Estate Services:  Howard Hanna Real Estate Services is the 3rd largest real estate company in the United States, the #1 privately owned broker in the nation, and the largest home seller in Pennsylvania, Ohio, and New York. The family-owned and operated real estate company specializes in residential and commercial brokerage service, mortgages, closing and title insurance, land development, appraisal services, property and casualty, corporate relocation, and property management. With 279 offices across PA, OH, NY, VA, MI, WV, NC, and MD, more than 9,200 sales associates and staff are guided by a spirit of integrity in all aspects of the real estate process. For more information, visit www.howardhanna.com, or www.facebook.com/howardhanna

Contact: Deborah Donahue, 412-784-3816, ddonahue@howardhanna.com

About Allen Tate Companies: Allen Tate is one of the most recognized business names in the Carolinas.  With conveniently located offices ranging from the Upstate of South Carolina to the Triangle of North Carolina, Allen Tate Companies employs more than 2,100 real estate professionals and employees, and is consistently ranked as the #1 firm in the Carolinas.  The Allen Tate Companies are widely known for their commitment to customer service and dedication to improving the community.  www.allentate.com

Contact:  Stephanie Brown, 704-442-6343, Stephanie.brown@allentate.com

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