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Article: BuffettAEs HomeServices buys Koenig & Strey.(Business)

Article from:
Daily Herald (Arlington Heights, IL)
Article date:
September 2, 2009
Copyright

Byline: Brian Louis Bloomberg News

The real estate brokerage controlled by Warren BuffettAEs Berkshire Hathaway Inc. bought a Chicago-based agency, adding 900 agents to expand into the third-largest U.S. metropolitan area.

HomeServices of America Inc. acquired Koenig & Strey GMAC Real Estate from Brookfield Residential Property Services, according to a statement by HomeServices, which didnAEt disclose the terms. HomeServices is the second-biggest U.S. residential brokerage after Apollo Management LPAEs Realogy Corp.

"Koenig & Strey is a respected company, with an excellent reputation and long-term ties to the community," Ron Peltier, chairman ...

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