HomeServices of America Announces Formation of Regional Brokerage

MINNEAPOLIS (January 20, 2015) – HomeServices of America, a Berkshire Hathaway affiliate, today announced the consolidation of Berkshire Hathaway HomeServices Northwest Real Estate (based in Seattle, WA) and Berkshire Hathaway HomeServices Northwest Real Estate (based in Portland, OR), creating a regional Pacific Northwest brokerage. Jason Waugh, current president and CEO of Berkshire Hathaway HomeServices in Portland will assume the role of president and CEO of the combined companies, effective immediately. Mike Gain, a 38-year real estate veteran and current president and CEO of Berkshire Hathaway HomeServices in Seattle has been named Chairman Emeritus where he will play an integral role in BHHS Northwest Real Estate’s success focusing on acquisition and expansion strategies and opportunities.

The merger unites the two companies, creating an organization with more than 725 real estate professionals providing residential and commercial clients in the Seattle and Portland metropolitan areas, as well as Central Oregon, the Yamhill County wine region and Oregon’s coastal communities with extraordinary strength and resources to help them buy and sell their homes. In 2014, the combined firm closed nearly $2.2 billion in sales volume.

“This merger creates a regional powerhouse within the Pacific Northwest,” said Waugh. “We are combining two organizations, each with immensely talented agents, sales managers and employees and a shared commitment to delivering an exceptional real estate experience into a company that will be unmatched in their ability to serve the real estate needs of new and existing clients.”

“I am extremely proud of everyone at Berkshire Hathaway HomeServices Northwest Real Estate and what we have accomplished,” said Gain. “Bringing these two companies together creates a tremendous amount of growth potential and I am looking forward to driving these opportunities in my new role within the company.”

“Mike and Jason have done an outstanding job in positioning Berkshire Hathaway HomeServices Northwest Real Estate for continued growth and success,” said Ron Peltier, chairman and CEO of HomeServices. “Combining the operations of these companies brings together two great organizations and reinforces our commitment to expanding our footprint in the Pacific Northwest.”

 

About Berkshire Hathaway HomeServices Northwest Real Estate (Portland)

Berkshire Hathaway HomeServices Northwest Real Estate (Portland) is a wholly-owned subsidiary of HomeServices of America, Inc and has nearly 350 sales associates serving the Portland metropolitan area, Southwest Washington—including Vancouver and Longview, Central Oregon and the Oregon coast. For more information, visit http://www.bhhsnw.com/

About Berkshire Hathaway HomeServices Northwest Real Estate (Seattle)

Berkshire Hathaway HomeServices Northwest Real Estate (Seattle) is a wholly-owned subsidiary of HomeServices of America, Inc and serves the Seattle metropolitan area, and King, Pierce, and Snohomish counties with nearly 400 sales associates in seven offices. For more information, visit http://www.bhhsnwrealestate.com/

About HomeServices of America

HomeServices of America, Inc. is the nation’s second-largest residential real estate brokerage company and, through its operating companies, is one of the largest providers of integrated real estate services. HomeServices of America is the majority owner of the Berkshire Hathaway HomeServices, Prudential Real Estate and Real Living Real Estate franchise networks. HomeServices is owned by Berkshire Hathaway Energy, a consolidated subsidiary of Berkshire Hathaway Inc. HomeServices’ operating companies offer integrated real estate services, including brokerage services, mortgage originations, title and closing services, property and casualty insurance, home warranties, and other homeownership services. HomeServices Relocation, LLC is the full-service relocation arm of HomeServices of America, which provides every aspect of domestic and international relocation to corporations around the world. HomeServices operates under the following residential real estate brands: Berkshire Hathaway HomeServices California Properties; Berkshire Hathaway HomeServices Carolinas Realty; Berkshire Hathaway HomeServices First Realty; Berkshire Hathaway HomeServices Fox & Roach, Realtors®; Berkshire Hathaway HomeServices Georgia Properties; Berkshire Hathaway HomeServices Kansas City Realty; Berkshire Hathaway HomeServices New England Properties; Berkshire Hathaway HomeServices Northwest Real Estate (Portland); Berkshire Hathaway HomeServices Northwest Real Estate (Seattle); Berkshire Hathaway HomeServices KoenigRubloff Realty Group; Berkshire Hathaway HomeServices York Simpson Underwood Realty; Berkshire Hathaway HomeServices Yost & Little; Carol Jones Realtors®; CBSHOME Real Estate; Champion Realty Inc.; Edina Realty; EWM Realtors ®; Guarantee Real Estate; Harry Norman, Realtors®; HOME Real Estate; Huff Realty; Intero Real Estate Services; Iowa Realty; Long Companies; RealtySouth; Rector-Hayden Realtors®; ReeceNichols; Roberts Brothers Inc.; Semonin Realtors®; and Woods Bros. Realty.

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