Sotheby's International Realty Brand Expands Presence in Massachusetts

MADISON, N.J. - Sept. 25, 2018 // PRNewswire // - Sotheby's International Realty Affiliates LLC today announced that its independently owned and operated affiliate Barrett Sotheby's International Realty in Massachusetts has acquired local firm Acton Real Estate, which will now operate as Barrett Sotheby's International Realty.

The merger expands the firm's presence in the greater Acton-Boxborough area. Laurie E. Cadigan, owner and CEO of Barrett Sotheby's International Realty, will remain at the helm of the operation. Barrett Sotheby's International Realty now has six offices and 145 independent sales associates across Middlesex County.

"Acton is a historic town in a desirable location with easy access to the nearby cities of Boston and Concord," said Philip White, president and chief executive officer, Sotheby's International Realty Affiliates LLC. "We are proud to support the continued growth of Barrett Sotheby's International Realty."

"Acton Real Estate is a well-respected company that has been serving its community for over 60 years," said Cadigan. "This acquisition strengthens Barrett Sotheby's International Realty's position in Middlesex County and allows us to better serve our clients in the Acton-Boxborough area."

With this addition, the Sotheby's International Realty network now has 45 branded offices throughout the state of Massachusetts.

The Sotheby's International Realty network currently has more than 22,000 affiliated independent sales associates located in over 960 offices in 72 countries and territories worldwide. In 2017, the brand achieved a record global sales volume of $108 billion USD. Barrett 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.

About Sotheby's International Realty Affiliates LLC

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. © 2018 Sotheby's International Realty Affiliates LLC. All rights reserved. Sotheby's International Realty® and the Sotheby's International Realty Logo are service marks licensed to Sotheby's International Realty Affiliates LLC and used with permission. Sotheby's International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.

Contacts:

Lindsey Scharf
Director, PR & Communications
Sotheby's International Realty Affiliates LLC
(973) 407-5596
Lindsey.Scharf@sothebysrealty.com

Natalie Hernandez
Manager, PR & Communications
Sotheby's International Realty Affiliates LLC
(973) 407-6142
Natalie.Hernandez@sothebysrealty.com

SOURCE Sotheby's International Realty Affiliates LLC

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