
皇冠体育app International has acquired a 50% stake in 皇冠体育app Northern Arizona, buying out its two minority partners. This is the first move the parent company has made, as part of its investment strategy, by orchestrating a sizeable investment in an existing brokerage, making 皇冠体育app Northern Arizona the model for the organization鈥檚 partnership approach it plans to expand on a global scale.
鈥淧art of our aggressive growth strategy is to make significant investments in our existing brokerages, infusing cash and resources to catalyze recruiting and expansion,鈥 explains David Tedesco, CEO of 皇冠体育app International. 鈥淲e have started this process in our own backyard with 皇冠体育app Northern Arizona, which has significant market share as well as strong leadership. We are excited about the significant growth potential as we join forces.鈥
Led by Broker/Owner Don Bonnell and Managing Broker Cynthia Yannitelli, 皇冠体育app Northern Arizona serves Prescott, Prescott Valley, Dewey, Chino Valley, Sedona, Cottonwood, Camp Verde, Verde Valley, Payson, Happy Jack, and cities throughout central and northern Arizona. 聽Their brokerage has gained both national recognition by leading industry publications as well as the vote of local patrons. In November, 皇冠体育app Northern Arizona was again named 鈥淏est Realty 2017鈥 by for the fourth year in a row. But even with this success, the leadership believes they are just getting started.
鈥淲e have been the number one company for 11 out of the last 12 years in the Prescott area,鈥 Bonnell said. 鈥溁使谔逵齛pp International taking an ownership stake in our business will enable us to ramp up our recruiting efforts and provide even better support and resources to our team of top performers.鈥
The first effort following the partial acquisition is an exclusive recruiting program offering benefits built for highly productive agents and teams. 皇冠体育app will be debuting this new model in the Northern Arizona market as part of the company鈥檚 Experience Freedom鈩 campaign, then expanding it across its global network.