Berkshire Hathaway HomeServices PenFed Realty today announced a merger with Berkshire Hathaway HomeServices Gallo Realty in Sussex County, Del. The merger expands PenFed Realty's footprint within the Mid-Atlantic region.
REHOBOTH BEACH, Del., Aug. 9, 2022 /PRNewswire-PRWeb/ -- Berkshire Hathaway HomeServices PenFed Realty, the #1 independent brokerage in the Berkshire Hathaway HomeServices network of companies worldwide, today announced a merger with Berkshire Hathaway HomeServices Gallo Realty in Sussex County, Del. The merger expands PenFed Realty's footprint within the Mid-Atlantic region.
Founded by Sal and Bette Gallo, Berkshire Hathaway HomeServices Gallo Realty began as a two-person real estate sales team in 1979. Since then, the company has grown to five offices in Lewes, Rehoboth Beach, Dewey Beach, and Bethany Beach, with over 100 real estate professionals, rental associates, managers, and support staff. In 2014, the company joined the Berkshire Hathaway HomeServices global network.
"Gallo Realty is that rare company that's both an industry leader and a beloved pillar of the community," said PenFed Realty President Kevin Wiles. "They've built a strong reputation with their growth and success while earning amazing goodwill for their service and dedication to their community, clients, agents, and employees. Both Gallo Realty and PenFed Realty are focused on maintaining a culture centered on integrity and innovation, and are well aligned for this merger. It's an honor for PenFed Realty to partner with Gallo Realty, and we are incredibly excited to serve the Coastal Delaware region together from this point forward."
Since its inception, Gallo Realty has consistently delivered exceptional home buying and selling experiences to their clients. With an annual sales volume of over $600 million in 2021, the company sits among the top 50 in the Berkshire Hathaway HomeServices network of brokerages worldwide and has been named to the prestigious Berkshire Elite Circle every year since they joined the network in 2014. The company also manages over 500 vacation and long-term rental properties throughout Coastal Delaware and will look to expand its property management division after the merger. In addition to the firm's award-winning sales team and extensive rental portfolio, Gallo Realty is also well-known for its charitable giving through Gallo Gives Foundation, which will continue to operate in the communities they serve.
"We are very excited to join such a stellar organization as PenFed Realty," said Gallo Realty Vice President Andrew Ratner. "Their focus on agent support and their culture of growth align perfectly with where we want to go. Their reach and resources give us access to powerful new programs and tools that should help our agents reach their next level of success. Most importantly, PenFed Realty has a very similar culture to ours, one that emphasizes support and interaction with the communities we serve, and a philosophy that promotes personal growth for all our agents and staff."
Starting Sept. 1, Berkshire Hathaway HomeServices Gallo Realty will be rebranded as Berkshire Hathaway HomeServices PenFed Realty. The company will continue to operate their five offices in Lewes, Rehoboth Beach, Dewey Beach, and Bethany Beach. The company's management and staff in both the sales and rental divisions will remain unchanged.
About Berkshire Hathaway HomeServices PenFed Realty
Berkshire Hathaway HomeServices PenFed Realty (http://www.penfedrealty.com) is a full-service real estate company with an annual sales volume of over $8 billion. Based in Alexandria, Va., the company has over 2,000 agents and 60 offices, providing complete real estate services nationwide. PenFed Realty is a wholly owned subsidiary of PenFed Credit Union and is a member of the Berkshire Hathaway HomeServices brokerage network, operated by HSF Affiliates LLC. Membership with PenFed Credit Union is not required to conduct business with Berkshire Hathaway HomeServices PenFed Realty. We are proud to be an equal employment opportunity employer. Equal Housing Opportunity.
Karmela Lejarde, BHHS PenFed Realty, 703-539-1512, [email protected]
SOURCE BHHS PenFed Realty