Residential Properties Ltd. Expands into Jamestown with Mansions & Manors Acquisition
Deal News | Dec 05, 2024 | EIN

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
Name | Role | Type | Description |
---|---|---|---|
Residential Properties Ltd. | Acquiring Company | Company | Real estate brokerage expanding into new markets through acquisitions. |
Mansions & Manors | Target Company | Company | Jamestown-based independent real estate brokerage being acquired. |
Sally Lapides | President and CEO of RPL | Person | Leader of Residential Properties Ltd., steering the strategic acquisition. |
Gloria Kurz | Founder and Broker of Record at Mansions & Manors | Person | Founded Mansions & Manors and will join RPL following the acquisition. |
Mark Holland | Key Team Member | Person | Part of the Mansions & Manors team transitioning to RPL. |
Maureen Dunn-Packer | Key Team Member | Person | Part of the Mansions & Manors team transitioning to RPL. |