Toronto-based Peerage Realty Partners has made its first move into the US market with a strategic partnership interest in Madison & Company Properties.
Peerage says that it anticipates making more investments in 2019 and beyond.
“Expanding our unique partnership model to the US real estate brokerage industry is a core part of our long-term strategy to partner with leading brands with strong, entrepreneurial founders and management teams in key markets across North America,” said Miles S. Nadal, Founder and Executive Chairman of the Peerage Capital Group.
Denver-based Madison was founded in 2008 and is a leading independent brokerage. Its founder and CEO Todd Narlinger, will continue in his role and retain a significant equity stake under the unique Peerage partnership model. Terms of the transaction were not disclosed.
“While the industry is experiencing unprecedented change, our goal is to partner with firms who share our belief in the enduring value of attracting and retaining the best agents and providing them with state-of-the-art tools and resources to provide the highest level of professional advice and service to their clients,” added Nadal.
Gavin Swartzman, President & CEO of Peerage Realty Partners, said that a move south of the border was the right strategy for the firm.
“Expansion into the United States is a natural evolution for our firm, as we build upon our success in Canada as a premium operator of full-service brokerage businesses, in both the resale and pre-construction sales markets,” he said.
