Ten Massachusetts owner-brokers of seven Century 21 companies announced a merger today that forms the largest independently owned and operated residential real estate company in Massachusetts.
The new company, Century 21 Commonwealth, has 400 agents and employees and serves about 150 communities through 15 offices in Eastern Massachusetts. Combined sales for all of the companies participating in the merger have exceeded $750 million this year to date, according to the announcement.
“Two years ago, 10 visionary, well-established independent owner-brokers came together to explore challenges resulting from a changing marketplace. This (merger) forms a ‘more perfect union,’ showcasing an expanded and experienced agent base, broader service offerings, and more powerful marketing and training resources,” according to the announcement.
The newly formed company operates as an independently owned full-service company under the joint leadership of 10 owners: Steve Leavey, formerly with Century 21 Circle Real Estate; Patrick Fortin of Century 21 Fortin; Robert Winsor of Century 21 Greers; Patricia Ng and Charlie Ball of Century 21 Legacy Properties; Robert and Kathleen Byrne of Century 21 The Alexanders; George and Nick Patsio of Century 21 West Realty; and Alan Lyman of Century 21 Westward Homes.
“Together, we have the resources to accomplish anything,” said Century 21 Commonwealth spokesperson Alan Lyman. “With combined company strength, we will grow our current position as one of the top Century 21 companies in New England.”
The Century 21 franchise network, a part of Realogy Corp. (formerly a division of Cendant Corp.), is comprised of about 7,800 independently owned and operated franchised broker offices worldwide.
