08/31/2016

Warren Buffett Makes A Play For Local Luxury Realty

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The third-richest male worldwide, Warren Buffett, is making a play for luxury real estate. His Berkshire Hathaway affiliate HomeServices of America just purchased Dallas realproperty firm Allie Beth amp; Associates, marking the company’s very first foray into Texas.One of the highest-grossingfirms in Dallas, the brokeragespecializes in high-end properties, with$1.5 B insales last year.”We love Texas …,”said HomeServices chairman and CEO Ron Peltier. “It’s a huge market that we prepare to grow. This definitely wont be the last acquisition.”

This year, HomeServices of America associates finished more than 22,000 transactions totaling over $77B in sales. [WFAA]


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