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Detroit Brokerage To Become First @Properties Franchise - Vimarsana News

Detroit Brokerage To Become First @Properties Franchise

Inman Connect Four and a half months after launching a franchise brand, Chicago’s @properties today announced that Detroit-based Alexander Real Estate will become its first franchise company. As a franchise, Alexander Real Estate will rebrand itself to operate under the @properties banner. It also aims to “quickly grow from $120 million to $500 million in annual sales by gaining market share in the areas it currently serves and expanding throughout the Detroit metro area,” according to a company statement. Eric Walstrom and Alex Irrer founded Alexander Real Estate in 2016. Since then, t...

Source: inman.com
Alexander Real Estate merging with Chicago firm with eye on $500 million sales volume target - Vimarsana News

Alexander Real Estate merging with Chicago firm with eye on $500 million sales volume target

Alexander Real Estate has become a franchise of a fellow residential brokerage firm out of Chicago in an effort to more than quadruple its sales volume in the next 12 to 24 months. Terms of the 10-year franchise agreement between Alexander and @properties were not disclosed, although it does…

@properties signs Detroit brokerage as first franchisee - Vimarsana News

@properties signs Detroit brokerage as first franchisee

A principal of the 45-agent Detroit firm says it will rely on the custom-built technology, branding and other tools of the 3,000-agent Chicago brokerage to drive growth.