Hunt Real Estate ERA and the former Prudential First Properties Merge Central New York Brokerage Operations

RISMEDIA, January 5, 2009-Peter F. Hunt, Chairman and CEO of Buffalo-based HUNT Real Estate Corporation, announced the merger of its Central New York real estate brokerage business with the former Prudential First Properties. The new, combined entity will operate under the Hunt Real Estate logo.

Until recently, Hunt Real Estate Corporation operated two residential real estate brokerage offices in the Syracuse metropolitan area as Hunt Real Estate ERA with 85 agents affiliated with the firm. In addition, Hunt operates a commercial office in Liverpool as Hunt Commercial Real Estate. The former Prudential First Properties operates eight residential sales offices housing 322 agents. According to Mr. Hunt, “the combination of our two sales forces will far exceed all competition in Central New York in size and scope of service to our customers.” The combined entity will be the largest in Central New York, selling more than 40% more than the nearest competitor in calendar 2008.

According to the company, Hunt will also be expanding its other services in Central New York through the merger, including Hunt Mortgage, a licensed mortgage banker, Network Title Agency, a full-service title agency, Hunt Insurance, a general insurance broker and Hunt Commercial Real Estate. Plans are to merge overlapping offices and services.

A key factor in the ability to successfully merge the two organizations has been the similarity in corporate cultures. “Our Vision is to always be there for our agents and customers, meaning that we value the relationship with our agents and customers before, during and after the transaction, supplying a life-long homeownership services support system,” said Hunt.

“Our core competency is relationship-building,” said Tom Teelin former owner of Prudential First Properties and the Regional Leader for the combined entity. “More than anything, our organization has been built on long-term relationships with our own people and with our customers. We are proud of what our people have accomplished in building a legacy of goodwill in our community. We know that the Hunt organization shares our values and our commitment to our agents and customers,” said Teelin.

Hunt Real Estate Corporation was founded in 1911 by Charles S. Hunt, grandfather of the current Chairman and CEO. The company operates 33 offices in Upstate New York, 3 offices in Sarasota, Florida and one office in the Phoenix, Arizona metropolitan area.

For more information, visit www.huntrealestate.com.

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