HomeServices Announces the Sale and Merger of Guarantee Real Estate With Realty Concepts
April 16 2024 - 3:00PM
Business Wire
HomeServices of America today announced the strategic sale and
merger of its subsidiary, Guarantee Real Estate, with Fresno-based
Realty Concepts. This merger signifies a major transformation in
the local real estate market, creating the largest real estate
brokerage in Fresno and the surrounding areas by combining the
strengths of two industry leaders.
Realty Concepts, established in 1991, has a significant presence
in the Central Valley and a team of 300 agents under the leadership
of CEO and Owner, J.P. Shamshoian. Guarantee Real Estate, founded
in 1984 and part of the HomeServices family since 2012, has nearly
400 agents and is renowned for its exceptional service and industry
leadership, most recently under the direction of President Desrie
van Putten. Moving forward, the merged entities will operate under
the Realty Concepts brand, with J.P. Shamshoian continuing as
CEO.
Desrie van Putten, President of Guarantee Real Estate, expressed
her sentiments on the merger: “Since Guarantee Savings first opened
its doors in 1919, the Guarantee name has been integral to
promoting homeownership in the Central Valley. Our commitment to
the community has been steadfast, and it has been both a privilege
and a pleasure to lead such a talented and effective team. I am
profoundly grateful for their dedication and excellence. I extend
my best wishes for their continued success with Realty
Concepts.”
J.P. Shamshoian, CEO of Realty Concepts, also shared his
perspective on the union: “We are honored to continue the great
legacy of Guarantee Real Estate at Realty Concepts. This merger is
a union of two firms with shared ethics, friendships, and a
commitment to serving the public’s best interests. By joining
forces, we are preserving the foundational values of both
brokerages for future generations.”
The merger is more than a business combination; it is a fusion
of shared values and a mutual commitment to excellence in serving
both real estate professionals and consumers. The leadership teams
are dedicated to a seamless transition for all agents and staff,
with a concerted effort to continue the legacy of outstanding
client service established by both companies.
Gino Blefari, CEO of HomeServices of America, added:
“HomeServices extends its gratitude to the leaders and team
members of Guarantee Real Estate for their significant
contributions. We are confident that their integration into the
Realty Concepts family will create expanded opportunities and
foster continued success in the industry.”
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version on businesswire.com: https://www.businesswire.com/news/home/20240415632617/en/
For additional information about the merger:
media@homeservices.com