May 29, 2015 // Franchising.com // Madison, N.J. and Tahiti - Sotheby’s International Realty Affiliates LLC today announced the brand’s luxury real estate services are now available in French Polynesia with the opening of French Polynesia Sotheby’s International Realty.
The firm, which is managed and owned by Jacques C. Menahem, will serve the luxury residential real estate market throughout Tahiti and the islands in French Polynesia. The first office is scheduled to open in the second quarter in Tahiti.
“Expansion across French Polynesia continues the brand’s commitment to providing access to the Sotheby’s International Realty network’s exclusive real estate services in luxury real estate destinations around the world,” said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. “French Polynesia has a distinctive luxury residential market and is one of the most coveted vacation home destinations for Europeans and international property buyers. I am proud to welcome Jacques Menahem and his team to our global network.”
According to Menahem, French Polynesia benefits from both its location in the middle of the South Pacific and its 118 beautiful islands, of which the most well-known are Tahiti, Bora Bora and Moorea. “As well, the few 280,000 inhabitants make French Polynesia a welcoming destination,” he said. “The luxury residential real estate market in Tahiti is beginning a period of expansive growth and we believe the Sotheby's International Realty brand will help us meet the needs of high net-worth individuals internationally looking for luxury homes in French Polynesia and overseas using the brand's global platform. Our focus is on providing comprehensive service at every stage of the process. The quality of our service is based on detailed knowledge of the market and its dynamic, precise and proven procedures, and a motivated, responsible and skilled team. We are delighted to become part of the Sotheby's International Realty worldwide network, and look forward to bringing French Polynesia’s extraordinary properties to the far-reaching corners of the world.”
The Sotheby’s International Realty network currently has approximately 17,000 sales associates located in approximately 800 offices in 61 countries and territories worldwide. French Polynesia Sotheby’s International Realty listings are marketed on the sothebysrealty.com global website. In addition to the referral opportunities and widened exposure generated from this source, the firm’s brokers and clients will benefit from an association with the Sotheby’s auction house and worldwide Sotheby’s International Realty marketing programs. Each office is independently owned and operated.
Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. Sotheby’s International Realty Affiliates LLC is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services. In February 2004, Realogy entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Affiliations in the system are granted only to brokerages and individuals meeting strict qualifications. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744. For more information, visit www.sothebysrealty.com.
SOURCE Sotheby’s International Realty Affiliates LLC
Director of International Marketing, Asia Pacific
Sotheby's International Realty Affiliates LLC
175 Park Avenue Madison, NJ 07940
Jacques C. Menahem
French Polynesia Sotheby’s International Realty
Motu Pitiaau Bora Bora