HomeVestors' Growth Pace through the Roof

Largest Group of Franchisees Show Continued Belief in Market Performance

DALLAS - Aug. 9, 2013 // PRNewswire // - HomeVestors, the largest professional home buying network of independently owned and operated franchisees and the number one buyer of houses in the U.S., announces its highest ever class enrollment of new franchisees in a single quarter.

"Sixty-four new HomeVestors® franchises have opened in the past three months, which is almost double the highest number of franchisees that have previously enrolled in a single quarter," said HomeVestors' co-president David Hicks. "This number is remarkable and attests to continued strong interest in real estate investment and the opportunity for investors in today's market."

HomeVestors of America, the We Buy Ugly Houses® franchise, was founded and began franchising in 1996. Since then, HomeVestors franchisees have purchased over 50,000 homes nationwide, which is no small feat. However, from 1996 to the end of 2012, the company has added new franchisees in 36 states across the U.S. In just three months, since January, HomeVestors has added over 100 new franchisees to kick off 2013.

HomeVestors' rapid growth comes amid the housing comeback. "The number of additional new franchisees during the second quarter of 2013 is an indication that investors increasingly believe what we know is true -- that there is continued opportunity in the market," said HomeVestors' co-president, Ken Channell. "We are committed to our franchisees to help encourage continued growth and success this year."

New franchisees come from across the country, representing 35 markets and 19 states. Franchisees new during the second quarter 2013 include: Bryan R. Lindauer and Richard D. Lindauer of Greenville, SC; Dean E. Colvin and Bryn D. Colvin of Los Angeles; Eduardo Simpson and Yu Jun Sun of Wash., D.C.; Russell Medley, II of Fortis Realty Investments, LLC of Houston; Mike Scobee of GNR Resources, LLC of Dallas; John R. Beardall of Orange County, CA; John W. Thomson of Dallas; Matthew D. Love of Houston; Matthew W. Hancock of Cedar Rapids, IA; Michael Antonakos and Karen L. Kerns of Morris-Essex, NJ; Michael P. Singletary and Holly L. Singletary of Houston; Nancy A. Chillag and Mark Mongird of San Jose, CA; Heath Picket of Recycled Properties, LLC of Fort Collins, CO; Rita Tower of Houston; Roberto Villamizar of Orlando, FL; Robyn M. Govert of Phoenix; Robyn R. Greenfield of Peoria, IL; Ruby J. Lozano-Petrucci of Boston; Santiago Gutierrez, IV and Renee J. Gutierrez of San Antonio, TX; Jim Zaphiriou of Sarissa Enterprises, Inc. of Los Angeles; Shown M. Polston and Stephanie L. Polston of Tucson, AZ; Thomas G. Arlington and George T. MacAllister of Boston; Troy D. Grissen of Tulsa, OK; Stanley Walsh of Walsh Global Series, LLC of San Antonio, TX; Bert L. Lacy of Morris-Essex, NJ; Carlos J. Del Rio of Denver; Jeff Cates of Equity Ladder LLC of Dallas; Eric P. Lahoda and Pamela E. Lahoda of Philadelphia; Gregory D. Langjahr and Wendy C. Langjahr of Myrtyle Beach/Florence, SC; Hudson S. Santana of Boston; Jeffrey M. Hotz of Cleveland, OH; Ronald E. Oakes and Linda W. Belche of Northeast Georgia, GA; Marcus H. Fifita of Las Vegas; Ryan Davis of SC Partners LLC of Phoenix; Saulo R. Perez of Dade County, Miami, FL; Troy Teske of Diamond Point Properties L.L.C. of Minneapolis, MN; Matt Burrow of UBS Fund, LLC of Phoenix; Wanda Chang and Jonavan Chang of San Francisco; Mauricio Lemos III of San Antonio, TX; James Hansen of San Diego; Matthew T. Rogers of Richmond, VA; Dergham C. Dergham of Lower Hudson Valley, NY; Pam Lahoda of Lahoda Holdings, Inc. of Philadelphia; Roy Swan of Interactive Real Estate Systems, Inc. of Austin, TX; Iqbal K. Nigam of San Diego, CA; Sean Gallagher of Janus Property Group, Inc. of Boston; Chirag Patnaik of Konark Development, L.L.C. of Philadelphia; Michael S. Dottino of Bergen-Passaic, NJ; Michael L. Sanderson and Michael J. Sanderson of Seattle; Tony Plesh of Plesh Properties, LLC of Morris-Essex, NJ; Adam Bailey of Providence Place Properties, LLC of Boston; Patrick O'Donnell of Providence Place Properties, LLC of Boston; Tom Truong of Providence Place Properties, LLC of Boston; Rajbir S. Dudwal and Vijay I. Dudwall of Houston; Sean Byerly and James R. Jenkins of Orange County, CA; Shahid Malik and Fazil Malik of Houston, Shamila J. Dias Weerakkody and Amal Dias of Oakland, CA and Troy J. Kearns of Las Vegas..

About HomeVestors of America, Inc.

Dallas-based HomeVestors of America, Inc. is the largest buyer of houses in the U.S. HomeVestors trains and supports franchisees that specialize in buying and rehabbing residential properties. Also known as the "We Buy Ugly Houses" company, HomeVestors strives to make a positive impact in each community. In 2013, for the eighth consecutive year, HomeVestors was among the Franchise Business Review's "Top 50 Franchises," a distinction awarded to franchisors with the highest level of franchisee satisfaction. For more information, visit www.HomeVestors.com.

Contact:

Susie Lomelino
slomelino@calisepartners.com
214.564.3285

SOURCE HomeVestors of America, Inc.

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