Residential Properties Ltd. Expands into Jamestown with Mansions & Manors Acquisition

Deal News | Dec 05, 2024 | EIN

Residential Properties Ltd. Expands into Jamestown with Mansions & Manors Acquisition

Residential Properties Ltd. (RPL), a prominent player in the real estate brokerage sector, is slated to expand its geographic footprint into Jamestown, Rhode Island, with the acquisition of Mansions & Manors, a respected independent brokerage firm. This strategic expansion, effective January 1, 2025, aligns with RPL's vision to broaden its market presence while leveraging shared values with Mansions & Manors, a firm established by and for women, led by Gloria Kurz. Through this merger, both parties anticipate maintaining their high-standard services as they continue to cultivate strong, trust-based client relationships across the region. Key members from Mansions & Manors, including Kurz, will join RPL, enhancing their operational synergies and offering a wider range of services. This merger boosts RPL's operational base to 250 agents and expands its office presence across Rhode Island, Massachusetts, and Connecticut.

Sectors

  • Real Estate
  • Mergers & Acquisitions

Geography

  • United States – The article is set within the context of the United States, specifically focusing on Real Estate markets in Rhode Island.
  • Rhode Island – This is the primary geographic focus of the acquisition as both brokerages operate within this region.

Industry

  • Real Estate – This industry is relevant as the article discusses the acquisition between two real estate brokerage firms.
  • Mergers & Acquisitions – This industry classification is relevant as the article details the acquisition of Mansions & Manors by Residential Properties Ltd.

Financials

    Participants

    NameRoleTypeDescription
    Residential Properties Ltd.Acquiring CompanyCompanyReal estate brokerage expanding into new markets through acquisitions.
    Mansions & ManorsTarget CompanyCompanyJamestown-based independent real estate brokerage being acquired.
    Sally LapidesPresident and CEO of RPLPersonLeader of Residential Properties Ltd., steering the strategic acquisition.
    Gloria KurzFounder and Broker of Record at Mansions & ManorsPersonFounded Mansions & Manors and will join RPL following the acquisition.
    Mark HollandKey Team MemberPersonPart of the Mansions & Manors team transitioning to RPL.
    Maureen Dunn-PackerKey Team MemberPersonPart of the Mansions & Manors team transitioning to RPL.