From remaining: Steven Reibel, Victor Taurizano, and Maria Elena Arias (Getty, Keyes Co)
The Keyes Company, a person of South Florida’s most significant impartial brokerages, scooped up another boutique organization.
The Fort Lauderdale-primarily based, family owned brokerage, led by CEO Mike Pappas, bought Novus Realty, a 30-man or woman procedure in Miramar with $40 million in annual profits quantity, according to a release. Keyes declined to disclose the terms of the deal.
Launched by Victor Taurizano in 2011, Novus has the two brokerage and home administration arms. Keyes Home Management is set to acquire more than administration of Novus’ management portfolio.
Novus will keep on to run in its existing office environment at 12280 Miramar Boulevard, less than Keyes’ district profits supervisor, Maria Elena Arias, the release says.
Keyes has been on a advancement path, acquiring scaled-down firms throughout South Florida, at any time because its 2016 merger with Illustrated Properties. Most a short while ago, Keyes obtained Skye Louis Realty in Broward and Palm Seashore counties. The agency had 140 brokers with $200 million in once-a-year revenue when it was obtained by Keyes in June.
In accordance to a spokesperson, Keyes is continuing on its enlargement class, irrespective of latest economic uncertainty. The brokerage is in acquisition talks with corporations in Fort Lauderdale, Martin County and Manatee County, the spokesperson stated.
With 58 workplaces and far more than 3,600 brokers, Keyes closed much more than $11.7 billion in income last yr, according to the launch. An analysis by The Serious Offer identified that Keyes grew its broker headcount by 12 per cent in the course of the early element of the pandemic.
