Inman Connect
Utah-based company Cairn Real Estate Holdings, LLC has acquired Texas-headquartered JP & Associates Realtors (JPAR) and JPAR Franchising, the company announced on Monday.
The move comes as part of a larger consolidation plan announced by Cairn to create a new national real estate services business.
Rick Davidson | Cairn Real Estate Holdings
“Cairn Real Estate Holdings is incredibly excited to announce the acquisition of JPAR as our platform investment,” Cairn Chairman and CEO Rick Davidson said in a statement. “The scale, reputation and market position of the company provides the foundational structure to grow a nationally based and highly competitive real estate services company.”
Cairn Real Estate Holdings Acquires JP And Associates Realtors And JPAR Franchising
iCrowd Newswire
CAIRN REAL ESTATE HOLDINGS ACQUIRES JP & ASSOCIATES REALTORS AND JPAR FRANCHISING
Investment Sets Foundation for National Real Estate Services Platform
DALLAS, Texas and SALT LAKE CITY (May 4, 2021) Cairn Real Estate Holdings, LLC and its Chairman and CEO Rick Davidson announced today that it has acquired JP & Associates Realtors and JPAR Franchising, a leading real estate brokerage and franchise enterprise headquartered in Frisco, TX. According to Real Trends, JP & Associates Realtors is currently ranked in the Top 25 Largest Real Estate Brokerage Firms in the U.S.; the #1 Independent Real Estate Brokerage Firm in Texas; and a Top 100 New Franchises by Entrepreneur Magazine. The combined enterprise boasts more than 3,300 agents in 61 offices across 23 States and in 2020 completed more than 22,300 home sale transactions.
Utah firm buys North Texas-based residential sales company
JP & Associates has been in the home sales business for a decade.
CEO JP Piccinni led a toast during the grand opening of JP and Associates Realtors Burleson office in 2017.(Smiley N. Pool / Staff Photographer)
11:30 AM on May 4, 2021 CDT
A Utah-based firm has teamed up with a private equity company to buy a North Texas residential sales operation.
Cairn Real Estate Holdings LLC of Salt Lake has acquired Frisco-based JP & Associates Realtors and its JPAR Franchising.
The just-purchased firms have 3,300 agents in 23 states. In 2020, the offices handled more than 22,300 home sales.
“The scale, reputation and market position of the company provides the foundational structure to grow a nationally based and highly competitive real estate services company,” Cairn Real Estate Holdings chairman and CEO Rick Davidson said in a statement.
Check out an updated Addison home with Mavericks forward Charlie Villanueva on board for its rebound
Villanueva owns the five-bedroom home through his real estate investment company 824TX Properties.
Take a look at the home at 5505 Celestial Road in Addison, TX.(Carmen Celestine of 3Dhomestead.com)
This Addison home was built in 1970 but completely remodeled this year by a company owned by former Dallas Mavericks player Charlie Villanueva alongside builder Clyde Kemp. It’s on the market for $2.795 million and has five bedrooms, six bathrooms and two half-bathrooms.
Listing agent Lisette “Lala” Alvarez, who is also Villanueva’s fiancee, designed the home’s interior. She said it was taken down to the studs, with everything replaced except the foundation and a few walls that were still in good shape.
Which housing market is the hottest in Texas Dallas or Austin?
There’s no question that the Dallas-Fort Worth housing market is jalapeño hot. But for a taste of a housing market that only the strongest can stomach. Author: Bill Hethcock (Dallas Business Journal), Dallas Business Journal Published: 1:17 PM CDT April 1, 2021 Updated: 1:17 PM CDT April 1, 2021
There’s no doubt that the Dallas-Fort Worth housing market is jalapeño hot, with homes getting multiple offers on the day they hit the market, many of those for far over the asking price, and many offers being cash instead of financed deals.