"The entire Wichita area, including the McConnell Air Force Base community, are poised to benefit from the full-range of real estate-related products and services their brand offers.”
Wichita, Kansas and Washington, DC (PRWEB) December 04, 2012
PenFed Realty, a leading full service real estate company serving the Northeast, Mid-Atlantic and Southern United States, announced today that it has acquired Prudential Dinning-Beard, REALTORS®; a Kansas-based real estate company that serves the Greater Wichita metro area.
“It is with absolute pleasure that I welcome the Prudential Dinning-Beard family to our organization,” said James Schenck, President of PenFed Realty. “The growth potential for the firm will not only be strengthened under this new partnership, but the entire Wichita area, including the McConnell Air Force Base community, are poised to benefit from the full-range of real estate-related products and services their brand offers.”
Originally opening its doors in 1948, Dinning-Beard, REALTORS® has served Wichita and its surrounding communities for over 60 years. In 2001, Willie Kihle and Mona Stein purchased the company, changing the name to Prudential Dinning-Beard, REALTORS® after taking the company to the Prudential franchise.
Since that time, the company has enjoyed success as a leading realty firm in the region; growing its sales force to over 270 associates strong, with just under a half billion dollars in annual sales. The firm currently has four offices located in Wichita, Newton, and Augusta; offering buyer and seller services for residential and commercial properties.
“We are thrilled to bring PenFed Realty’s strengths to our local market and community,” said Stein. “The merger brings with it the right combination of resources that will allow us to grow the business and take it to the next level.”
“I am extremely excited about this partnership,” said Kihle. “I think there are a lot of similarities between the two companies in that our main goals are to provide quality service and establish lifelong relationships with our clients and the communities we serve.”
Over the past few years, PenFed Realty has increased its presence in order to better serve PenFed Credit Union’s 1.3 million members nationwide. It has experienced success as a result of significant affinity relationships and a reputation among REALTORS® for supporting its agents, creating a stable environment in which they can grow, and providing best in class services to its clients.
Under the agreement, Kihle and Stein will remain in their leadership roles at the firm’s helm under their new titles of Regional President and Regional Executive Vice President, respectively. Additionally, the Prudential Dinning-Beard, REALTORS® name will remain unchanged and the company will continue to manage its sales accordingly.
“Today is a great day for all of us at Prudential Dinning-Beard,” said Stein. "Willie and I would like to impress upon our agents and their clients that PenFed Realty is a company that shares our same culture, values, and goals. This partnership is a true fit and feels right. That said I believe we have a great story that we can begin to share with our friends and family, and the Wichita community.”
For more information about Prudential Dinning-Beard, REALTORS®, visit http://www.WichitaListings.com/
About PenFed Realty
PenFed Realty, wholly owned by Pentagon Federal Credit Union (PenFed) and doing business as Prudential PenFed Realty, is a full-service real estate company with an annual sales volume over $1.7 billion serving PenFed members as well as the general public. Recognized as a leading real estate company in its service area, it is ranked in the top one percent of Prudential affiliates nationwide. With 47 offices and over 1400+ world-class sales professionals, PenFed Realty offers complete service coverage in the Maryland, Northern Virginia, West Virginia, Pennsylvania, Delaware and Washington, D.C. markets as well as Tennessee, Kentucky, North Carolina, Texas, Kansas, and Florida.
For more information about PenFed Realty, visit http://www.PenFedRealty.com.