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New entity yields state’s largest residential real estate company
Bob Parks and Hunter Connelly
Almost 12 months to the day after announcing they would merge and soon thereafter placing that effort on hold due to the coronavirus pandemic officials with Parks Realty and Village Real Estate announced Thursday the union has been made official.
According to a release, the two entities will operate with their respective brands via an LLC that will serve as the parent company.
The combination (first announced in January 2020) creates what is billed as Tennessee’s largest residential real estate brokerage. The new company is represented by more than 1,100 agents who in 2020 completed approximately 10,000 transactions with about $5 billion in sales volume.