Encore Sotheby’s International Realty in Carmel has announced its acquisition of Fort Wayne-based Reecer Properties Inc. Financial terms are not being disclosed. The firm says the deal will expand its presence in northeast Indiana.
Encore Sotheby’s International Realty is an independently owned and operated affiliate of New Jersey-based Sotheby’s International Realty Affiliates LLC. As a result of the acquisition, Reecer Properties will be folded into the Encore Sotheby’s brand.
"This acquisition allows Encore Sotheby’s International Realty a greater footprint throughout Indiana and we are excited to have Lynn and this extraordinary group of real estate professionals join our team," said Mark Zukerman, founding principal of Encore Sotheby’s. "The firm’s North Webster location will help provide our existing lake clients in the region a more local level of expertise and service. Further, the market in Fort Wayne is exciting. As one of the country’s top 20 real estate markets in 2018, the potential growth in Northeast Indiana is exceptional."
The acquisition grows Encore Sotheby’s International Realty to five offices and 45 sales associates throughout the state.