Niche SWFL real estate firm sold five months after founder’s death

Worthington Realty, a boutique real estate company specializing in residential sales, rentals and development, mostly within Lexington Country Club in Fort Myers and surrounding communities, has been sold. The acquisition follows the late November 2022 death of company founder and partner Jeff Darragh, according to a statement.

The new leaders of Worthington Realty include Michael Davis, a co-founder of Naples-based real estate investment company TerraCap Management. Davis will be president of the brokerage. Other new leaders at Worthington, according to the statement, include former TerraCap official Susana Davis and real estate sales and development executive Brian Rodgers.

Financial terms of the deal weren’t disclosed, and employees are expected to remain with the company, a spokeswoman says. The new owners bought Worthington from firm principal John Gnagey after Darragh died. According to his obituary, Darragh, who founded Worthington Realty in 1989, died Nov. 26, 2022, which was almost one year after being diagnosed with glioblastoma, a stage 4 cancerous brain tumor. He was 59.