Portland, Oregon-based brokerage John L. Scott Real Estate will purchase fellow Portland actual property firm Meadows Group Inc., Realtors, John L. Scott Actual Property introduced on Tuesday.
The brand new partnership will fold Meadows Group Inc., Realtors underneath the John L. Scott model, positioning the mixed firm to personal the third largest market share within the Portland space, in response to a press launch issued by John L. Scott Actual Property.
Meadows Group was based in 1994, and has supplied residential, funding and improvement providers to shoppers all through Portland and its surrounding neighborhoods. The corporate’s two places of work (in East and West Portland) are co-owned by principal brokers Eva Sanders and Heather Adams.
“When searching for an organization to partner with as we transition to the following part of our lives, it was extraordinarily essential to us that we chosen an organization that not solely has entry to stellar instruments and techniques, however is carefully aligned with our distinctive tradition on the Meadows Group,” Sanders stated in a press launch.
“We’re very pleased with our staff’s almost 27 years of efficiently delivering actual property providers to their shoppers with professionalism and ethics on the middle of each transaction,” Adams added within the assertion. “John L. Scott’s core worth of ‘Dwelling Life as a Contribution’ together with their endless dedication to delivering ‘Transactional Excellence’ simply additional solidified that they have been the suitable alternative.”
The acquisition will add almost 100 brokers and brokers to John L. Scott’s 3,000-broker ranks, which additionally function within the states of Washington, Idaho and California. Whereas Sanders and Adams will keep on as integral members of the corporate, in response to John L. Scott Actual Property, their precise roles and titles are nonetheless to be decided.
“We’re so excited to accomplice with Meadows Group and are honored that Eva and Heather trusted us to stroll alongside them as they start their subsequent chapter,” Phil McBride, John L. Scott Actual Property COO and CFO, stated in a press release. “Our transfer to affix forces collectively solely enhances what now we have to supply our dealer associates and shoppers within the Portland metro space.”
The partnership comes just some months after John L. Scott Actual Property launched a brand new iBuyer platform, Instant Purchase Plus+, powered by end-to-end iBuyer platform zavvie.