Coldwell Banker Expands Midwest Footprint With New Acquisition

The brokerage introduced that it had acquired the full-service actual property agency d’aprile properties, which closed practically $1.2 billion in gross sales quantity final 12 months, in response to a report.

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Coldwell Banker introduced final week an growth of its Midwest footprint following the acquisition of an unbiased brokerage.

Its Chicagoland franchise affiliate Coldwell Banker Actual Property Group had acquired the full-service actual property agency, d’aprile properties, boosting its presence within the Chicago space, Lake Geneva, Wisconsin and Indiana, Coldwell Banker introduced in an announcement.

D’Aprile was based in 2011 by broker-owner Ryan D’Aprile within the West Loop neighborhood of Chicago. As we speak, it counts 11 workplaces all through the Midwest and greater than 380 affiliated salespeople. Final 12 months, the corporate closed practically $1.2 billion in gross sales quantity, in response to Actual Developments.

Mike Prodehl | Linkedin 

“The addition of Ryan and the exceptional brokers of d’aprile properties not solely expands our footprint within the area, it additional strengthens the model in our market. Mixed with Coldwell Banker Realty, we’ve a momentum that our rivals can’t match. We’re thrilled to welcome d’aprile properties to our family-owned firm,” stated Mike Prodehl, president and CEO of Coldwell Banker Actual Property Group. 

Coldwell Banker Actual Property Group was based in 1984 and affiliated with Coldwell Banker in 1997. As we speak, the corporate counts greater than 1,700 brokers throughout 60 workplaces all through Wisconsin, Illinois, Indiana and Michigan. Its acquisition of d’aprile properties will carry that footprint as much as 70 workplaces and greater than 2,000 actual property salespeople.

In 2021, the corporate logged greater than $5 billion in gross sales quantity in response to Actual Developments knowledge. The mix of Coldwell Banker Actual Property Group, d’aprile properties and the company-owned operations of Coldwell Banker Realty in Better Chicagoland represented over $13.6 billion in 2021 gross sales quantity. 

“This groundbreaking acquisition solidifies the Coldwell Banker model presence on this market and is indicative of the facility of our community,” stated Liz Gehringer, chief working officer of Coldwell Banker Actual Property. “There’s vital power behind our Coldwell Banker franchisees, their dealer homeowners and the businesses they purchase. Once they stand as a united entrance with our company-owned operations below our iconic Coldwell Banker banner, they’re an indomitable gross sales pressure.”

Electronic mail Ben Verde

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