Your Castle Real Estate and New Era Realty Join Forces to Surpass $1 Billion in Sales
DENVER, Nov. 21, 2013 /PRNewswire/ — Your Castle Real Estate, one of the fastest growing real estate companies in the Denver metro area, and New Era Realty, one of Denver's high-end boutique firms, today announced that the two companies will be merging operations effective December 1, 2013. Together, they will report over $850 million in sales in 2013 and are projecting more than $1 billion in sales for 2014.
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"The merger of these two firms is an excellent example of a merger where one plus one equals three," said Steve Murray, editor of REALTrends. "The principals of both firms are young, yet highly experienced real estate executives, and I expect this combination is only the beginning for them."
New Era Realty has grown over the past eight years into a successful Denver real estate boutique located in the Lower Highlands (LoHi) neighborhood with more than $100 million in sales and 293 closings for 2013. The firm also serves the Northern Colorado real estate market with 20 percent of its company located in Fort Collins. Owners Brian Lehnerz, John Stegner and Chris Behrens, as well as 16 of the firm's high production agents, will be joining Your Castle Real Estate's team of 185 realtors as the New Era Group.
"This merger is a match made in heaven," says Stegner. "It not only gives our combined companies more resources, depth and market reach in the Denver metro area, but it also vastly improves our presence in Fort Collins and throughout Northern Colorado. We are thrilled to be joining Your Castle's industry-leading team."
Your Castle Real Estate is the second largest independent firm in the Denver metro area serving markets from Longmont to Castle Rock. The firm sold 2,025 homes in 2012, with a market value of $525 million, and is on track to sell 2,725 homes this year with an overall market value of $765 million. In 2014, the two companies are forecasting a combined total of 3,850 sold homes along the Front Range.
"With our history and shared commitment to outstanding customer service, merging with New Era Realty was a natural next step for our two organizations," said Lon Welsh, president of Your Castle Real Estate. "The merger allows Your Castle Real Estate to tap into Denver's high-end boutique market where New Era Realty has established a strong presence."
About Your Castle Real Estate and New Era Realty
Your Castle is the second largest independent firm in the Denver metro area specializing in residential real estate, as well as the investment and commercial markets. To learn more, visit http://www.YourCastle.org. New Era Realty specializes in buying and selling single-family homes, condos and lofts in trendy Denver neighborhoods as well as serving the Northern Colorado residential market. For more information, visit http://www.Denvers-Real-Estate.com and http://www.MyNewEra.com.