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Tampa Bay-Lakeland
Business Observer Wednesday, Feb. 13, 2019 1 year ago

Real estate brokerage acquires rival, doubles in size

Tampa-based Pineywoods Realty expands with purchase of Brandon competitor.

TAMPA — Pineywoods Realty has acquired Brandon-based Kings Realty & Property Management, doubling its property management portfolio to more than 1,000 doors and adding 10 new property managers to its team.

Prior to the acquisition, Pineywoods Realty was already one of the top 30 realty brokerage firms in Hillsborough County, according to a press release, with divisions for real estate, property management, title, insurance and mortgage and capital services.

“We believe in smart growth. ‘Win-win’ has always been our thought process with acquisitions,” states Brian Katz, founder and CEO of Tampa-based Katz Capital, Pineywoods Realty’s parent company, in the release. “We are always looking for the right partners — whether in property management, real estate brokerage, insurance agency services or title agency services — that have a similar mindset. With this strong portfolio and team of property managers, the broader platform at Pineywoods will continue to grow and diversify revenue.”

Pineywoods property manager Chris Nelson facilitated the acquisition, which will result in Kings Realty & Property Management becoming a Pineywoods branch office. Other terms of the deal were not disclosed.

“The acquisition expands our geographic footprint in Florida,” Nelson states in the release, adding that the eastern location of the new office will allow the firm to expand into Polk, Pasco and Manatee counties.

The Katz Capital group also includes Pineywoods Title, Pineywoods Insurance, Pineywoods Mortgage and Pineywoods Capital in Tampa Bay and Orlando.

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