RISMEDIA, Dec. 24, 2008-Dallas-based AHK Realty, Inc., a subsidiary of AmericaHomeKey, Inc., announced that it has acquired the real estate firm Prudential Texas Properties. With this acquisition, Prudential Texas Properties will now be both locally owned and operated.
Lane Terrell, Chairman and CEO of AmericaHomeKey, Inc., said that the purchase of Prudential Texas Properties is part of AHK’s overall growth strategy.
“Two key components of a successful real estate company are market presence and name recognition and Prudential Texas Properties has both. This will serve as an advantage as we continue to grow our real estate operations through mergers, acquisitions and recruiting.”
Leading the growth effort is AHK Realty’s Chief Executive Officer and Partner Leslie Rouda Smith, a 30-year real estate veteran and founder of another prominent Dallas-based real estate brand. She said, “This is a real opportunity for growth and to increase our market share. We’ve got the backing a strong parent company, established brand name and an experienced management team. We look forward to growing our operations in the Dallas/Fort Worth Metroplex with additional office locations in the near future and are committed to ensuring the Prudential Texas Properties brand is the first choice for North Texas consumers who want to either buy or sell their home.”
Rick Wylie, president of Prudential Texas Properties, said, “We are thrilled to have local ownership. Because the shareholders of AHK Realty live and work in the community, they understand our market strengths and challenges, which really bring value to our operation. The consumer also benefits from the acquisition, because we can offer more in one-stop shopping with real estate, relocation services and now local mortgage services through our new affiliation with AmericaHomeKey.”
Prudential Texas Properties is an independently owned and operated member of Prudential Real Estate and Relocation Services, Inc., a Prudential Financial company. The company has 10 offices and approximately 400 sales professionals in the Dallas area.
AmericaHomeKey, Inc. is a Dallas-based mortgage bank and real estate services company with operations conducted out of 37 offices in 16 states.
For more information, please visit www.prudential.com.