FOR IMMEDIATE RELEASE
Contact: Anna Tobin
Real Estate Merger creates largest Commercial Services in Prescott and Surrounding Areas
Better Homes and Gardens Real Estate BloomTree Realty Merges with Sumner Commercial
Prescott, AZ August, 2020 – Better Homes and Gardens Real Estate BloomTree Realty, the number one residential real estate agency in transaction volume in the greater Prescott quad-city area announced they merged with the Sumner Commercial Group (SCG), the largest commercial brokerage in the same area, to capture a significant share of the commercial real estate business.
The Sumner Commercial Group’s entire office, which is comprised of Angie Sumner, Matt Fish, Mark Duncan, Chris Krogedal, Zena Krogedal, Cooper Anderson, and Lisa Cole will join forces with BHGRE BloomTree Realty and operate under the banner of BHGRE BloomTree Realty, Commercial Division.
The Sumner Group managed a significant number of commercial and office buildings which will now be managed by BloomTree Rental Solutions, a division of BHGRE BloomTree Realty. Cooper Anderson will continue to manage these properties under the guidance and oversight of Jenny Browning, the managing partner of BloomTree Rental Solutions.
BHGRE BloomTree Realty’s Director of Commercial Sales, Raymond Zogob, will continue to oversee the Commercial Sales Division.
Zogob stated, “This is a revolutionary shift in the way commercial business is done. In the past it was about the individual agent dealing with their one client, now we have a group that strategically comes together to bring a greater resource to all of our clients, we have a greater brain trust to deliver exceptional service.”
Nick Malouff, CEO and President of the Better Homes and Gardens Real Estate (BHGRE) BloomTree Realty Agency, which currently captures 16% of the real estate market in the Prescott and surrounding areas, stated, “BloomTree is always looking to grow by adding the most professional agents in the market who share our values and vision for real estate. Angie Sumner and her group fit that profile perfectly because of the kind of company she built and the fact that she operated from a value base that we share.”
Angie Sumner created Sumner Commercial to grow her commercial real estate and property management business which became the largest single office commercial brokerage in the area as a result of her focused effort.
Sumner stated this regarding the purpose behind the merger, “I was looking for the right culture, leadership and sustainability with a new partner and BloomTree was my best option to meet all the criteria for a merger. Additionally, I have a great relationship with BloomTree that has gone back decades with the owners, so there was a strong trust factor between us which allowed us to talk honestly and openly about what would work best for both sides.”
Malouff and Sumner have known each other for more than twenty-five years and during that time have collaborated on many professional ventures in real estate and both served on the Prescott Area Association of Realtors (PAAR) Building Committee.
Malouff continued, “So in the end, the merger of the two companies helped both sides achieve their goals and to create a more dynamic and powerful commercial division at BloomTree Realty and it allowed Angie to focus on her own business and bring the additional resources to her existing agents to further their opportunity. Both sides will have greater revenue, more resources and deeper combined knowledge.”
The Clients of Sumner Commercial Group will continue to be served with the highest level of professionalism and will now have the additional resources of the combined companies.
Zogob concludes, “We are better when we come together, we all have a passion for making the greater Prescott area the best place to live, work and play.”
To learn more about Better Homes and Gardens Real Estate BloomTree Realty, visit www.bloomtreerealty.com.
Better Homes and Gardens Real Estate BloomTree Realty and its owners Nick Malouff, Raymond Zogob, and Leslie Guiley, partnered with Better Homes and Gardens Real Estate in early 2019 to bring new opportunity to its agents through training and marketing. In 2019, Better Homes and Gardens Real Estate BloomTree Realty returned over $300K to its agents and the community through the merit fund and community charities. With offices in Prescott, Prescott Valley, Cottonwood, Sedona and Phoenix, Better Homes and Gardens Real Estate BloomTree Realty remains focused on providing exemplary service to its agents and their clients and is committed to doing more and giving more in 2020.
Better Homes and Gardens Real Estate is a dynamic real estate brand that offers a full range of services to brokers, sales associates and home buyers and sellers. Using innovative technology, sophisticated business systems and the broad appeal of a lifestyle brand, Better Homes and Gardens Real Estate LLC embodies the future of the real estate industry while remaining grounded in the tradition of home. Better Homes and Gardens Real Estate 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.
The growing Better Homes and Gardens® Real Estate network includes nearly 13,000 independent sales associates and more than 370 offices serving home buyers and sellers across the United States, Canada, Jamaica, The Bahamas, Australia and New Zealand.
Better Homes & Gardens® is a registered trademark of Meredith Corporation licensed to Better Homes and Gardens Real Estate LLC and used with permission. An Equal Opportunity Company. Equal Housing Opportunity. Each Better Homes and Gardens® Real Estate Franchise is independently owned and operated.