The Hanna Household of Firms’ Subsidiary Allen Tate Realtors® Acquires Beverly-Hanks Realtors
ASHEVILLE, NC (August 2, 2022) — With the current acquisition of Columbus-based HER REALTORS® executed and built-in into the group, the Hanna Household of Firms is happy to announce an enlargement into the Western North Carolina area. Allen Tate Realtors®, Howard Hanna Actual Property Providers’ subsidiary firm within the Carolinas, has acquired Beverly-Hanks Realtors, the market-leading unbiased actual property brokerage headquartered in Asheville, North Carolina. This announcement marks the fifth acquisition accomplished by Allen Tate Realtors® since becoming a member of forces with the Hanna Household of Firms in 2018.
“We’re proud to welcome Beverly-Hanks Realtors to the Howard Hanna Household of Firms,” stated Howard W. “Hoby” Hanna, IV, President of Howard Hanna Actual Property Providers. “As we proceed to develop our firm and our footprint, we’re happy to assist Allen Tate’s continued development technique, which solidifies our market place within the Carolinas and the Southeast.”
Because the Hanna Household of Firms continues to construct their group by natural development and strategic partnerships, they’re proud to be the actual property trade consolidator of selection for corporations throughout the nation. All through the previous 5 years, the corporate has grown tremendously with greater than 22 mergers and acquisitions.
With every group that joins the Hanna Household of Firms, they achieve entry to merchandise, companies, and instruments that assist them develop and turn into extra productive. These advantages embrace entry to a best-in-class advertising and productiveness suite, an progressive well being and wealth program, an earnings benefit program that offers brokers monetary peace of thoughts, and a full complement of mortgage merchandise. Moreover, acquired corporations additionally take pleasure in a strong relocation community, agent connections, and general assist from Howard Hanna empowering associate and subsidiary corporations to proceed to develop inside their very own markets by regional acquisitions.
“Our partnership with Howard Hanna has enhanced our means to pursue deliberate development amongst our goal markets,” stated Pat Riley, President and Chief Govt Officer of the Allen Tate Firms. “Virtually 5 years in the past, I used to be in Neal’s sneakers when Allen Tate sought a associate that might take our firm to the following degree. And that was Howard Hanna, the main unbiased actual property firm within the nation.”
This announcement marks Allen Tate’s entry into the Asheville/Mountain area and the expansion of a homegrown enterprise as Beverly-Hanks joins a household of the nation’s high unbiased actual property brokers. With this acquisition, Allen Tate will add 18 places of work and 460 skilled Realtors to additional serve purchasers throughout North Carolina. The agency ranks No. 1 in its nine-county footprint, based mostly on closed gross sales quantity for 2022 YTD, in Buncombe, Haywood, Yancey, Rutherford, Transylvania, Henderson, Polk, Madison, and Mitchell counties.
Beverly-Hanks was based in 1976 with the merger of Beverly Realty and W. Neal Hanks & Associates, two of the realm’s most distinguished actual property companies. The market-leading agency in Western North Carolina for the final 46 years had closed gross sales in extra of $2.6 billion in 2021. Beverly-Hanks ranks among the many high 200 actual property companies within the nation, in response to REAL Tendencies 2021.
Beverly-Hanks will now use the mixed identify, Allen Tate/Beverly-Hanks Realtors. Purchasers will proceed to have entry to in-house mortgage companies and can now have entry to in-house insurance coverage companies through Allen Tate Insurance coverage. Neal Hanks, president of Beverly-Hanks since 1999, will proceed in his function as president of Allen Tate/Beverly-Hanks Realtors. Amy Hanks will proceed as president of Allen Tate/Beverly-Hanks Mortgage Providers, and the Beverly-Hanks management workforce will stay in place.
“For greater than three a long time, I’ve had the privilege to collaborate with leaders from Allen Tate and have immense respect for the unbiased actual property group that they’ve constructed,” stated Beverly-Hanks President Neal Hanks. “As a homegrown enterprise in Western North Carolina, native experience, private service and respect for our particular nook of the Blue Ridge guides all the pieces we do. This new partnership will permit us to increase that imaginative and prescient whereas deepening our dedication to the communities we serve.”
“I’ve recognized Neal for a very long time, and my respect for him and Beverly-Hanks continues to develop. Partnering with Neal and his workforce is a big win for Allen Tate, in addition to patrons, sellers, and actual property buyers,” stated Gary Scott, president, Allen Tate Realtors. “Collectively, we’ll be able to face the aggressive challenges of at this time’s actual property market by investing in one of the best expertise, recruiting and retaining one of the best expertise, persevering with to make a significant affect in our communities, and aligning ourselves with the #1 unbiased family-owned actual property firm within the nation.”
In September 2018, Allen Tate Realtors entered right into a partnership with Pittsburgh-based Howard Hanna Actual Property Providers, creating the No. 1 privately owned actual property agency within the nation, with greater than 14,000 brokers and workers in almost 500 places of work throughout 13 states.
About Howard Hanna Actual Property Providers
Howard Hanna Actual Property Providers is the biggest privately held actual property dealer in the USA. The total-service actual property firm has almost 500 actual property, mortgage, insurance coverage, title, and escrow service places of work throughout 13 states, together with Allen Tate Realtors® within the Carolinas and F.C. Tucker Firm in Indiana, with greater than 14,000 gross sales associates and employees, together with lots of the trade’s top-producing actual property brokers. For extra data, go to www.HowardHanna.com.
Contact: Hoby Hanna l 216.215.7567