Re/Max Al­liance makes a big move into Ore­gon

The Denver Post - - BUSINESS - By Aldo Svaldi Aldo Svaldi: 303-954-1410, as­valdi@den­ver­post.com or @al­dos­valdi

Re/Max Al­liance, one of Colorado’s largest res­i­den­tial real es­tate bro­ker­age groups, has ac­quired one of Ore­gon’s largest res­i­den­tial bro­ker­age groups, Re/ Max Eq­uity Group.

Al­liance’s fa­ther-son own­ers, Chuck and Chad Och­sner, have 21 of­fices along the Front Range and now own 12 ad­di­tional of­fices in Port­land, Ore., and Van­cou­ver, Wash., which they ac­quired for an undis­closed price.

“We feel that we know how to run a suc­cess­ful mul­ti­ple-of­fice Re/Max or­ga­ni­za­tion,” Chad Och­sner said. “The op­por­tu­nity pre­sented it­self.”

Re/Max Eq­uity Group was one of three com­pany-owned bro­ker­ages that Den­ver-based Re/Max Hold­ing, through sub­sidiary Re/ Max LLC, was try­ing to sell af­ter it be­came a pub­lic com­pany.

Och­sner said Den­ver and Port­land have two of the most ro­bust hous­ing mar­kets in the coun­try.

Those two metro ar­eas, along with San Francisco, tied for first for home price ap­pre­ci­a­tion in Oc­to­ber with a 10.9 per­cent gain, ac­cord­ing to the S&P/Case-Shiller Home Price In­dices.

Metro Den­ver ended last year with a record $20.2 bil­lion in home sales.

That ro­bust ac­tiv­ity has in turn boosted the cash bro­ker-own­ers have to work with.

Al­liance and Eq­uity Group will have a com­bined sales force of 1,400 agents, but they op­er­ate in­de­pen­dently un­der their own brands.

Och­sner said one of the mo­ti­va­tion be­hind the pur­chase was to try to find cost sav­ings and to share best prac­tices.

Och­sner, who has fam­ily in Ore­gon, plans to visit Port­land quar­terly. He and his fa­ther will re­main based in the Den­ver area.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.