In August, it was announced that HomeServices of America, Inc., a Berkshire Hathaway affiliate, acquired The Long & Foster Companies. Long & Foster’s founder, Wes Foster, remains with the company as chairman emeritus and Jeff Detwiler assumed the role of chief executive officer. Detwiler and the existing team of enterprise and business line leaders will continue to manage day-to-day operations and oversee growth initiatives.
“Finding the right partner to maintain the legacy, culture, and integrity of Long & Foster was of utmost importance to me,” said Foster. “I couldn’t be more pleased that we have joined an organization known for its impeccable reputation and commitment to protecting brands. Joining HomeServices ensures that our history of market leadership and industry expertise continues.”
The acquisition expanded HomeServices’ presence in the Mid-Atlantic region to Washington, D.C., and Baltimore and extends its national footprint to Virginia and West Virginia. Adding the Long & Foster brand positions HomeServices to be the nation’s largest home ownership services provider based on transactions, according to the 2017 Real Trends 500 report. With this transaction, HomeServices now has more than 41,000 real estate professionals operating in 30 states and the District of Columbia. Read more about the acquisition on the Long & Foster Newsroom.
Long & Foster Real Estate acquired Evers & Co., a residential real estate brokerage in the greater Washington, D.C., region in September. Founded by Donna Evers in 1985, Evers & Co. specializes in traditional and luxury real estate services in Maryland, Virginia and Washington, D.C. Evers, who has nearly 40 years of real estate experience, has joined Long & Foster’s leadership team. She will continue to manage the three Evers & Co. offices in Chevy Chase and Bethesda, Maryland, and in Washington, D.C., reporting to Lonnie Plaster, who heads Long & Foster’s D.C. and Montgomery County regions. Evers shared her excitement for becoming part of Long & Foster—a firm she has come to respect over the past 30+ years in the D.C. real estate market. Read more about the acquisition on the Long & Foster Newsroom.
Long & Foster Real Estate was recently honored by The Delaware News Journal as one of the 2017 Top Workplaces in Delaware. The company earned the No. 1 ranking among large companies on the Top Workplaces list as well as the award for “Clued-in Senior Management.” The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm specializing in organizational health and workplace improvement. Several aspects of workplace culture are measured in the survey, including alignment, execution and connection. Find more information about the award on the Long & Foster Newsroom.
In early October, Long & Foster Real Estate announced that it acquired the residential real estate division of Monticello Properties, Inc., (Monticello Properties) a real estate franchise in Palmyra, Virginia. Founded in 1999 by Tom Morace, Monticello Properties’ sales division specializes in traditional, luxury and resort real estate services in Fluvanna and Albemarle counties, as well as the surrounding areas. Read more about the acquisition on the Long & Foster Newsroom.
Long & Foster Real Estate has grown again in Richmond, acquiring Jefferson Properties, an award-winning boutique real estate firm in Midlothian, Virginia. On October 10, Long & Foster announced that Jefferson Properties and its nearly 30 agents, including its founders Joan Dorsey and Lisa Kunz, have joined the Long & Foster team in its Bellgrade office in Midlothian. The Long & Foster Bellgrade office continues in its long tradition as a dominant presence in the Midlothian market, totaling nearly 90 real estate agents. Read more about the acquisition on the Long & Foster Newsroom.
The Long & Foster Companies has acquired McGrath Real Estate Services, a property management and real estate sales firm in Herndon, Virginia. Going forward, the real estate sales division of McGrath will join Long & Foster Real Estate and the property management arm will be part of Long & Foster Property Management. Plans are for both teams to remain in their current office, which will become Long & Foster’s new Herndon location. Jim and Tim McGrath, owners of McGrath Real Estate Services, will take on leadership roles with Long & Foster. Read more about the acquisition on the Long & Foster Newsroom.
As in past years, The Long & Foster Companies have been working to raise funds for the American Heart Association, including taking part in the organization’s annual Heart Walk events. So far, Long & Foster has raised more than $115,300. Agents and employees have already participated in numerous fundraising events, including Heart Walks in Richmond and Baltimore, as well as a Paint and Sip event in Manassas, Virginia. Additional Heart Walk events will take place on November 4 in both Philadelphia and Washington, D.C. To learn more about upcoming events you can participate in, or to make a donation, visit Long & Foster’s main American Heart Association Heart Walk campaign page online.
Long & Foster and Partners Assist Victims of Hurricane Harvey
Long & Foster agents, employees and partners worked to assist victims of Hurricane Harvey through multiple efforts in recent weeks. The Long & Foster Companies hosted a matching fundraising campaign for The American Red Cross. Between individual donors and company matching, over $50,000 was raised for Red Cross. Additionally, Long & Foster employees, agents and community members collected relief supplies for victims and Olympia Moving & Storage, a Long & Foster Insurance preferred partner, donated transportation to bring the supplies to Houston Texas.