Peerage Realty obtains significant interest in Four Seasons Sotheby’s
Deal solidifies Canadian company's growth in North American vacation and residential markets
Four Seasons Sotheby’s International Realty, a real estate brokerage with locations in New Hampshire and Vermont, has sold substantial partner interest to Peerage Realty Partners Inc., a Toronto-based subsidiary of the Peerage Capital Group, which invests in independent North American real estate firms.
Four Seasons will continue to be led by CEO and Partner Alan DiStasio and President and Partner Laurie Mecier-Brochu, who are also equity partners in the future growth and development of the firm.
Four Seasons focuses on regional lakefront properties, mountain retreats, ski houses, farmland and land development, equine estates, private neighborhoods, city homes and other types of real estate. It has grown to more than 200 agents in 15 offices across New Hampshire and Vermont, and the firm’s sales are expected to exceed $1.4 billion in residential real estate this year, according to a press release from the companies.
“With Peerage as our strategic partner, we will build on the success we’ve already achieved,” said Four Seasons CEO Alan DiStasio. “All our Four Seasons agents gain the additional financial and human resources to further expand their reach and enhance the customer experience.”
DiStasio said Four Seasons expects hire in the future, as a result of the partnership and anticipated growth from it.
Peerage is already in partnership with Sotheby’s International Realty Canada – Canada’s largest luxury real estate brokers with 29 offices and 620 agents in Ontario, Quebec, British Columbia and Alberta – and Jameson Sotheby’s International Realty, a dominant player in the luxury residential and commercial real estate markets with six offices and 460 agents in the Greater Chicago Area.
The partnership with Four Seasons serves “as a cornerstone for (Peerage Realty’s) ongoing North American expansion strategy in key recreational real estate markets,” said the company in a press release.
“We are on track to build on our momentum and achieve our goal to be among the largest premium residential real estate companies in North America,” said Gavin Swartzman, CEO of Peerage Realty. “At Peerage, cultural fit, personal chemistry and shared vision are the critical elements that we look for in a new partner. The team at Four Seasons is a perfect fit for us and the opportunity to grow the Sotheby’s International Realty brand is exceptional.”