Real Living Buys Mark IV Realty - Dayton Real Estate
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The consolidation of the real estate industry in the face of a slow down is starting to occur. Even though Dayton has not had the run up of other regions, the marketplace looks like it will be consolidating as the smaller agencies merge with the larger ones.
Real Living Inc. has acquired Mark IV Realty and Associates in Huber Heights. The office has 15 agents and Real Living hopes to increase that number to 25 by moving other local Real Living employees to that office and hiring new agents. Neither a time frame nor terms of the deal were disclosed.
The acquisition will help Real Living continue its growth in the Dayton market. The company increased its number of agents from 123 last year to 179 this year, and sales have gone from $114.5 million in 2004 to $153 million in 2005.
Real Living Inc. is the fifth-largest real estate firm in the country measured by number of transactions, said Clyde Corle, vice president and general manager of the company’s Dayton operations. via Dayton Business Journal
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