HomeSmart Acquires Mid-Atlantic Brokerage Tri Star Realty Inc.
HomeSmart’s Newest Acquisition Catapults National Network to Nearly 18,000 Agents Across 35 States.
HomeSmart, recognized by Real Trends 500 as a top 5 residential real estate company in the United States, has acquired Mid-Atlantic brokerage TriStar Realty, Inc. and its more than 650 agents. This deal brings HomeSmart to three new territories for the brand: Maryland, Virginia and the District of Columbia. Its nationwide network is approaching 18,000 agents and its footprint increased to 190 office locations across 35 states. Already lauded for its national growth, HomeSmart ranks in the Entrepreneur Franchise 500 and the Inc. 5000 fastest-growing private companies.
“HomeSmart is the only brokerage in the country with the right foundation and system of people, processes and technology to allow growth at this rate,” said Matt Widdows, HomeSmart’s founder and CEO. “In less than two decades, we’ve scaled our model to 35 states. Expect a similar trajectory in 2020.”
In addition to its acquisition activity, HomeSmart continues its growth across its thriving network. The company was ranked on the 2019 Inc. 5000 list of fastest-growing companies across the U.S. and is going on its seventh year with the Hall of Fame designation, recognized amongst only 1.64 percent of companies on the list to achieve such ranking.
Combined national performance for HomeSmart, its franchises, and TriStar Realty, Inc. in 2018 was more than 70,000 in closed transactions. HomeSmart is deploying a skilled support team during the conversion in Maryland, to ensure continued growth for the company, without wavering from the high standard of excellence HomeSmart is known for in the industry. TriStar Realty’s designated broker, Cindy Sinanan, will stay in that role as an integral part of the Mid-Atlantic team, following HomeSmart’s acquisition.
“HomeSmart’s commitment to its agents is unparalleled,” said Sinanan. “I’ve worked with our agents in this region for 15 years, and I’m so excited to introduce them to HomeSmart’s technology, training, and resources that will allow them to better serve home buyers and sellers in the Mid-Atlantic.”