Dallas Real Estate Firm Prudential Texas Properties Acquired by PenFed Realty, LLC

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Two prominent industry leaders combine local expertise and nationwide brand recognition to bring enhanced real estate and property management services to the Dallas area and North Texas communities.

Our new relationship with Prudential Texas Properties and their outstanding sales professionals and leadership team will provide best in class real estate services to PenFed’s Texas members, and the greater Dallas community at large.

PenFed Realty, LLC, a leading full service real estate company serving the Northeast, Mid-Atlantic and Southern United States, announced today that it has acquired AHK Realty, Inc. (AHK), doing business as Prudential Texas Properties, a Dallas-based real estate firm.

"This is an outstanding opportunity for PenFed Realty," said James Schenck, President of PenFed Realty. “We are committed to our vision of bringing the ‘Member First’ credit union service model to real estate. Our new relationship with Prudential Texas Properties and their outstanding sales professionals and leadership team will provide best in class real estate services to PenFed’s Texas members and the greater Dallas community at large.”

“We are extremely excited to align ourselves with PenFed Realty and PenFed, the third largest credit union in the nation,” said Rick Wylie, president and broker of Prudential Texas Properties. “It is a wonderful opportunity to be a part of a global company with financial strengths, unmatched by any other in our region.”

Over the past few years, PenFed Realty, LLC has increased its presence in order to better serve PenFed Credit Union’s 1.2 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.

Vibrant growth through several very successful mergers in 2012 has increased the presence of PenFed Realty, LLC in the market to over 1400+ world-class sales professionals with 47 office locations. Ranked as one of the top 10 real estate firms in the market with over $500 million in sales, the Prudential Texas Properties acquisition will add another seven office locations and approximately 240 sales professionals; including an additional 30 agents, within its referral company.

Under the agreement, Wylie will remain in his leadership role. The Prudential Texas Properties name will remain unchanged and the firm will continue to manage its sales accordingly.

For more information about Prudential Texas Properties, visit http://www.PruTexas.com.

About PenFed Realty, LLC

PenFed Realty, LLC, was originally established in the Washington, D.C. metropolitan area in 2006 as a full-service real estate brokerage firm and is wholly owned subsidiary of PenFed (Pentagon Federal Credit Union). With annual sales volume over $2 billion, PenFed Realty, LLC serves both PenFed members as well as the general public, and is recognized as a leading real estate company in its service area; ranking it among the top Prudential affiliates nationwide. With 47 offices and over 1400+ world-class sales professionals, PenFed Realty, LLC 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, LLC, visit http://www.PenFedRealty.com.

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Amy Doane
PenFed
541-225-6606
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