Peerage Realty Partners has acquired an interest in Briggs Freeman Sotheby´s International Realty, a Dallas-based real estate brokerage. No financial terms were disclosed. Peerage Realty is an affiliate of Peerage Capital, a Canadian business services and private investment firm.
TORONTO, Oct. 14, 2021 /PRNewswire/ – Peerage Realty Partners Inc. (“Peerage Realty”) announces a substantial partnership interest in Briggs Freeman Sotheby´s International Realty (“Briggs Freeman”), a leading premium real estate brokerage in North Texas, including the Dallas and Fort Worth markets. The firm specializes in the representation of significant properties, from historic and contemporary to waterfront, commercial, ranch, and land.
A long-established force in the North Texas luxury market, Briggs Freeman Sotheby’s International Realy was founded as a boutique firm in 1960. For the past 30 years, it has been led by CEO Robbie Briggs, growing to six offices, 381 agents, and a projected US$2.9 billion (C$3.61 billion) in 2021 real estate sales. The firm provides a luxury service experience to clients through offices in Dallas, Fort Worth, Lakewood, Southlake, North/Plano, and Ranch and Land.
The partnership with Briggs Freeman Sotheby’s International Realty is foundational for Peerage Realty, serving as a cornerstone for its ongoing North American expansion strategy in targeted real estate markets. It also reinforces its existing relationships with the iconic Sotheby’s International Realty brand and reflects the objective of forging more such partnerships in the future.
Briggs Freeman Sotheby’s International Realty will continue to be led by CEO Robbie Briggs, company president Russ Anderson, and the leadership team. The leaders will continue to play a role in the future growth and development of the firm.
“We are very excited about partnering with Briggs Freeman Sotheby’s International Realty, adding another superb Sotheby’s International Realty firm to the Peerage Realty family of companies,” said Gavin Swartzman, CEO of Peerage Realty. “The calibre of the team – assembled and led by Robbie and Russ – is truly exceptional and reflects their long-term commitment to be the best in their business. And for Peerage Realty, the quality and deep experience of partners like them, are the ultimate consideration.”
Robbie Briggs said: “Our values and those of Peerage Realty are fully aligned. With a shared focus on providing a luxury service experience to all clients, we will be able to further reinforce our presence in existing markets and build our business in new markets at home and internationally.”
He added: “Our confidence is amplified by the fact that Sotheby’s International Realty and Peerage Realty already have a long-standing, successful relationship and brand reputation in Canada and the U.S.”
President Russ Anderson noted: “By partnering with Peerage, we gain access to a powerful support network and the resources to fully optimize our potential. We deeply value the opportunity that presents.”
Presently, Peerage Realty is in partnership with Sotheby’s International Realty Canada (“SIRC”), Canada’s largest luxury real estate brokerage with 30 offices and 690 agents in Ontario, Quebec, British Columbia and Alberta; Four Seasons Sotheby’s International Realty with 15 offices and 200 agents in the luxury market in Vermont and New Hampshire; and Jameson Sotheby’s International Realty (“Jameson”), a dominant player in the luxury residential and commercial real estate markets with six offices and 460 agents in the Greater Chicago Area.
ABOUT BRIGGS FREEMAN
Briggs Freeman Sotheby’s International Realty is the leading luxury brokerage in North Texas. Founded in 1960, today its nearly 400 agents serve clients across the region, based in offices in Dallas, Fort Worth, Southlake, Lakewood, The North (based in Plano), as well as one exclusively for Ranch and Land.
The brokerage has achieved multiple consecutive years of multibillion-dollar total sales volume and has the highest average home sales price in all of Texas. In 2020, its award-winning agents achieved a total sales volume of $2.45 billion, an exceptional figure.
Operated by CEO Robbie Briggs and company president Russ Anderson, the brokerage specializes in the representation of luxury homes, high-rises, ranches, land and commercial properties. The company’s connections, reach and resources — as part of the $150 billion Sotheby’s International Realty network of 24,000 agents in 1,000 offices in 74 countries and territories — bring the exceptional to every client and agent. Its briggsfreeman.com is a cutting-edge portal featuring properties, neighborhoods, schools, virtual tours, architecture guides, market data and more.
ABOUT PEERAGE REALTY PARTNERS
Peerage Realty Partners is a leading residential real estate services firm, serving luxury markets across North America.
Peerage Realty brokerage partners include leading Sotheby’s International Realty franchisees, Christie’s International Real Estate, and renowned independent firms in both re-sale residential real estate brokerage, and new construction marketing.