Berkshire Hathaway HomeServices kicks off next phase of expansion.
We are thrilled to announce Berkshire Hathaway HomeServices' announcement of its intention to expand internationally in 2015. In Utah, we have seen a notable influx of international visitors, companies, and diplomatic missions, and we believe our brand's expansion overseas will allow us to increase our reach globally and assist with our international clientele.
According to Inman news, who reported on Berkshire Hathaway HomeServices growth:
Having brought nearly all of the brokerages that once did business as Prudential Real Estate under its wing, next year Warren Buffett’s new franchise network will fix its sites set on a new target: independent brokerages and companies affiliated with other brands.
That includes overseas firms, says Gino Blefari, who on Jan. 1 will take the reins of HSF Affiliates LLC, the joint venture that runs the Berkshire Hathaway HomeServices, Real Living and Prudential Real Estate brands.
“2015 is going to be all about growth,” said Blefari, who is replacing Prudential Real Estate veteran executive Earl Lee, 69, as CEO of HSF, a joint venture between Buffett’s brokerage company, HomeServices of America, and Brookfield Asset Management.
The BHHS network has grown to more than 34,000 agents in 47 states. Now, the franchisor is poised to catapult into the global arena and claim its place in the ranks of elite international real estate franchise brands like Re/Max, Keller Williams, Century 21 and Coldwell Banker.
BHHS could add its first overseas affiliate as soon as the latter part of next year, BHHS President Stephen Phillips told Inman.
Asia is among the burgeoning real estate markets BHHS is looking to set up shop in overseas. “The China market is boiling over,” Phillips said.
We look forward to welcoming our affiliates overseas. Utah has always been an international destination--we believe in the coming years it will also become a popular place among global real estate investors and home buyers.