Warren Buffett is growing his real estate brand in North Texas.
His Berkshire Hathaway HomeServices firm is adding Fort Worth-based Alexander Chandler Realty to its franchise network.
The Tarrant County real estate sales firm — which bills itself as Fort Worth’s largest locally owned residential real estate brokerage firm — has 105 agents and one office.
The company will now operate as Berkshire Hathaway HomeServices Alexander Chandler Realty.
“Berkshire Hathaway HomeServices is aligned with the most iconic name in financial security and stability in the world,” Alexander Chandler, president of the brokerage firm, said in a statement. “The parent company is founded by the most successful individual investor in our lifetime.
“There is not another brand that evokes the image of trust, reliability and longevity,” he said. “Alexander Chandler Realty, especially during the largest crisis in 100 years, wanted to align itself with a brand that could help bring certainty in uncertain times.”
The network agreement will allow the Fort Worth firm’s agents to tap into Berkshire Hathaway HomeServices’ referral and relocation networks and improved technologies.
“We are the turning point for agents that want a purpose and a reason to better do what they love,” Rachael Mireles, Berkshire Hathaway HomeServices’ executive vice president, said in a statement. “Alexander Chandler Realty is a united culture of unique personalities.”
Berkshire Hathaway HomeServices has a network of 50,000 real estate professionals working out of almost 1,500 offices worldwide. The company’s franchisees handle more than $119 billion in real estate sales annually.
Buffett’s companies have already made a big investment in the Dallas-Fort Worth real estate sales industry.
In 2015, his HomeServices of America Inc. bought Dallas’ Allie Beth Allman & Associates, a company that specializes in high-end home sales.
And in 2018, Buffett’s company paid an estimated $100 million for North Texas’ largest independent residential sales firm, Ebby Halliday Cos.