Sotheby’s International Realty expands in Utah

NEW YORK, January 6, 2022 / PRNewswire / – Sotheby’s International Realty announced today that its independently owned and operated subsidiary, Summit Sotheby’s International Realty in Utah, acquired the local company Byrd & Co., which has made more than $ 325 million of turnover since its creation. The company will now operate as Summit Sotheby’s International Realty.

The merger expands the company’s service areas to include the city of Moab and the surrounding communities of Eastern Utah. The company’s footprint builds on its existing locations in City Park, Salt lake city, clothier, and Saint george, and now consists of a total of 14 offices and over 250 independent vendors.

“Known for its spectacular red rocks, world famous national parks and unparalleled outdoor lifestyle, Moab has emerged as a desirable location, ”said Philippe Blanc, President and CEO of Sotheby’s International Realty. “Buyers continue to seek prime and vacation properties in locations that are close to nature and aligned with their lifestyle. Over the past 13 years, Thomas and his team have achieved notable success and this strategic acquisition allows Summit Sotheby’s International Realty to continue providing services to clients looking for housing in Utah. “

“We couldn’t be more excited to present the iconic Sotheby’s International Realty® brand at Moab,” noted Thomas wright, president of Summit Sotheby’s International Realty. “Having the opportunity to work with clients in this special corner of Utah is a privilege and a responsibility that we don’t take lightly. All of us at Summit Sotheby’s International Realty look forward to being a vital partner in the Moab community, its visitors and residents for years to come. “

As part of the merger, the company will open an additional office and several independent sellers will join the team, uniting the respected local reputation of Byrd & Co. with the award-winning real estate services of Summit Sotheby’s International Realty. The company’s new location will be at 59, rue Center E, in the heart of from Moab dynamic and artistic city center.

the Sotheby’s International Realty The network currently has nearly 25,000 affiliated independent business associates located in more than 1,000 offices in 77 countries and territories around the world. In 2020, the brand achieved a record global sales volume of 150 billion US dollars. Summit Sotheby’s International Realty listings are marketed on the global sothebysrealty.com website. In addition to the listing opportunities and the expanded exposure generated by this source, the company’s brokers and clients will benefit from an association with Sotheby’s auction house and around the world. Sotheby’s International Realty marketing programs. Each office is independently owned and operated.

Sotheby’s International Realty

Sotheby’s International Realty was founded in 1976 as a real estate service for discerning clients of the Sotheby’s auction house. Today, the company’s global presence spans more than 1,000 offices in 77 countries and territories around the world, including 47 company-owned brokerage offices in major metro and resort markets. In February 2004, Realogy has entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a franchise system. The franchise system is made up of an affiliate network, where each office is owned and operated independently. Sotheby’s International Realty supports its affiliates and agents with a multitude of operational, marketing, recruiting, training and business development resources. Affiliates and agents also benefit from an association with the venerable Sotheby’s auction house, founded in 1744. For more information, visit www.sothebysrealty.com.

The affiliate network is operated by Sotheby’s International Realty Affiliates LLC, and the brokerage firms owned by the company are operated by Sotheby’s International Realty, Inc. Both entities are subsidiaries of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, moving and establishment services. Sotheby’s International Realty Affiliates LLC and Sotheby’s International Realty, Inc. fully support the principles of the Fair Housing Act and the Equal Opportunity Act.

Media contact:
melissa sofa
Senior Director, Public Relations and Communications
Sotheby’s International Realty
[email protected]

SOURCE Sotheby’s International Realty

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