Two of the Nation’s Largest Real Estate Companies Join Forces
Becoming America’s 3rd largest real estate company
Rochester, New York (July 13, 2016) – Armand D’Alfonso, President of Nothnagle Realtors, a Howard Hanna Company, and Howard W. “Hoby” Hanna, IV, President of Howard Hanna Real Estate Services today announced that RealtyUSA has joined the Howard Hanna Real Estate Family of Companies. Nothnagle Realtors merged with Howard Hanna Real Estate Services last May.
“We are excited to be joining forces with such a well-respected company. I’ve known Merle for many years through our joint affiliation with Leading Real Estate Companies of the World. The combined tools and innovation of Howard Hanna, Nothnagle and RealtyUSA offer both consumers and agents alike unparalleled services across Upstate New York,” said Mr. D’Alfonso who will be President of the combined New York State company.
Like Nothnagle and Howard Hanna, RealtyUSA is a family business owned and operated by President and CEO, Merle L. Whitehead along with a strong regional management team. RealtyUSA is the 9th largest real estate company in the United States with 65 offices across the state of New York with 2,200 sales associates and employees.* They are the #1 residential real estate broker in the state with 23,023 closed transactions last year and are #1 in Buffalo, Syracuse, Albany, Binghamton and the Southern Tier. Mr. Whitehead will become Chairman of the combined New York State company.
Howard Hanna Real Estate Services is the #1 broker is Pennsylvania and Ohio with 205 office locations in the eight states of Pennsylvania, Ohio, New York, Virginia, Michigan, West Virginia, North Carolina and Maryland. The company has more than 7,100 agents and employees and is ranked the 4th largest real estate company in the country with 66,714 closed transactions last year.**
The merger ranks Howard Hanna as the 3rd largest real estate company in the United States. The combined performance of the joint company is $16.2 billion in closed sales volume last year and 89,737 closed transactions. The combined strength of the companies is more than 9,300
sales associates and employees in 270 offices. The company will continue to provide unparalleled, innovative and comprehensive real estate services to clients across New York State in 101 offices.
The merger is a succession plan for the future said Whitehead at a press conference held in Buffalo this morning. Founded there in 1959, RealtyUSA emerged as a dominant local, statewide and national real estate leader as did Howard Hanna, founded in Pittsburgh in 1957 and Nothnagle in Rochester in 1948.
“RealtyUSA is truly one of America’s great real estate companies. Our business philosophies are very similar and operationally they know what it takes; last year they successfully assisted
23,023 customers with the American dream of home ownership,” said Howard W. “Hoby” Hanna, IV, President of family-owned and operated Howard Hanna Real Estate Services. “This merger produces a strong, viable company that will create jobs in New York State as additional services and programs are added for both agents and consumers.”
“Available immediately will be our 100% Money Back Guarantee, the exclusive program that stands behind the value of a home we sell, giving the buyer added confidence to purchase,” said Mr. Hanna. “Sales associates will also benefit from additional programs such as our Income Advantage as well as an increased referral network. When we expand our reach, everybody within the Howard Hanna family of companies benefits.”
There will not be a change to the company names or local leadership. Both RealtyUSA and Nothnagle logos will now feature the tagline “A Howard Hanna Company.
*Rankings based on the REAL Trends 500 report, May 2016, which ranks the 500 largest real estate brokers in the United States by 2015 closed transactions.
**Rankings based on the REAL Trends 500 report, May 2016, which ranks the 500 largest real estate brokers in the United States by 2015 closed transactions. Franchise closed transactions included.