Avalar Network Inc., a fast-growing real estate franchise company with operations in 20 states, has acquired Better Homes Realty, a San Francisco Bay Area-based franchise network with 64 offices and about 800 real estate professionals. Financial terms of the deal were not announced.

Avalar, based in Las Vegas, had about 120 offices before the acquisition, and the company’s franchise network has grown about 68 percent in the past two years. There are franchise offices in Arizona, California, Florida, Georgia, Illinois, Louisiana, Maryland, Michigan, Minnesota, Missouri, Mississippi, North Carolina, New Jersey, Nevada, Ohio, Oregon, Pennsylvania, Texas, Virginia, and Washington, D.C. The company has a handful of corporate-owned brokerage offices.

Better Homes Realty launched in the Northern California market in 1964, and has since expanded to include franchise operations throughout California. There are also Better Homes Realty affiliates in Florida, Georgia, Nebraska, New Jersey, New York, Pennsylvania and Texas.

The company is not affiliated with Better Homes & Gardens Real Estate, a franchise network that brokerage and franchise company Realogy Corp. plans to launch next month (see Inman News report). Better Homes & Gardens Real Estate operates a blog at BHGRealEstateBlog.com — Meredith had earlier operated its own franchise network through 1998 and sold that network to GMAC.

Better Homes Realty offices will preserve their brand, and new offices in the Avalar franchise network will have the option of whether to use the Better Homes Realty brand name and model or Avalar’s brand and model.

McKenzie Myers, director of franchise relations for Avalar, said that Better Homes Realty has strong brand recognition in its markets, and the market conditions present a good environment for acquisitions.

"The market is kind of weeding the strong and the weak apart," she said. "It’s the perfect timing to take advantage of everything that’s going on and to combine two brands." Myers said that Avalar’s revenue-sharing strategy has been popular with franchisees.

The company will continue to look for new additions to its network, she said. "We are not targeting particular states," she said.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×