February 06, 2012 // Franchising.com // New City, N.Y. and Wayne, N.J. – Today the family-owned and operated brokerage, Better Homes and Gardens Real Estate Rand Realty, announced its expansion into northern New Jersey with the acquisition of Preakness Realty. This strategic business decision by both brokerages will add two offices and 50 agents, including two of New Jersey’s top producers, to the Rand’s growing network of now 28 offices and 850 agents serving the greater Hudson Valley and northern New Jersey regions.
“Expanding into the New Jersey real estate market has been part of our strategic growth strategy for quite some time, but we needed to identify the right opportunity to continue our momentum outside of New York,” said Matt Rand, managing partner, Better Homes and Gardens Real Estate Rand Realty. “We were drawn to Preakness Realty because of itsincredible reputation within the community for the last 40 years, the quality of its agents and our similar client-centric business models and values.”
Better Homes and Gardens Real Estate Rand Realty is ranked one of the top 60 real estate brokerages in the country. The brokerage, run by two generations of the Rand family, implements modern multi-media marketing strategies that ensure clients and potential consumers receive relevant market information in the most convenient and impactful ways. The company utilizesinnovative tools and training programs to help its agents best serve their surrounding communities and effectively help clients buy and sell homes according to their unique needs.
Gene Lowe, owner of Preakness Realty, and his daughter Debra Lowe, the firm’s broker of record, along with Joe Simone, the company’s top sales associate, will remain with the organization and continue working with buyers and sellers in the area.
“Our decision to associate with Better Homes and Gardens Real Estate Rand Realty was an easy one,” said Debra Lowe. “The Rands impressed us from the first time we met with Marsha Rand, the founder and matriarch, along with her sons andmanaging partners Matt and Joe. The Rands bring with them a strong reputation, innovative marketing strategies and cutting-edge tools that will allow our agents to continue to greatly serve consumers and stay ahead of the competition. The power of the Better Homes and Gardens brand, coupled with the family-owned culture the Rands will maintain, will provide a fantastic opportunity for agents and the clients whom which they serve.”
“Our impressive team of real estate professionals has an acute understanding of northern New Jersey communities and real estate markets,” said Rand. “We look forward to continuing a reputation of impressive customer service within Wayne and Hawthorne as we take the first step of our New Jersey expansion strategy.”
For more information on Better Homes and Gardens Real Estate Rand Realty, visit www.RandRealty.com.