Long & Foster

The Long & Foster Companies
Subsidiary
Founded Fairfax, Virginia, (1968)
Headquarters 14501 George Carter Way Chantilly, Virginia, United States
Key people
 P. Wesley Foster, JR., Long & Foster Companies Chairman, Chief Executive Officer
George T. Eastment III, Vice Chairman
Jeffrey S. Detwiler, President and Chief Operating Officer
Gary Scott, President, Long & Foster Real Estate
Larry Foster, President, Long & Foster Real Estate
Bruce Enger, Senior Vice President & CFO
Parent HomeServices of America
Website Long & Foster

Long & Foster Real Estate is the United States' largest privately owned real estate company and the largest global affiliate of Christie's International Real Estate. It is among the top 20 largest private companies in the world. Long & Foster has more than 11,000 agents in over 220 sales offices in the Mid-Atlantic and Northeast regions.[1] It is part of The Long & Foster Companies, a family of businesses in the real estate and financial services industries. In September 2017, Berkshire Hathaway's HomeServices of America bought Long & Foster.[2]

History

P. Wesley "Wes" Foster, Jr., founded the company in 1968, and he currently serves as the chief executive officer and chairman. Foster began his real estate career in 1963 as a sales manager at Minchew Corporation, a home building company. In 1966, he moved to Nelson Realty as vice president of sales. In 1968, he founded Long & Foster[3] with Henry Long. Long & Foster began with Foster handling the residential real estate arm of the business and Long handling the commercial side. Foster became the sole owner in July 1979, 11 years after establishing Long & Foster.

Operations

Long & Foster has offices and associates in Virginia, Maryland, Washington, D.C., Pennsylvania, New Jersey, West Virginia, Delaware and North Carolina. The company has seven lines of business that support buying, selling and owning real estate including the sale and purchase of residential (existing and new construction) and commercial properties and land; mortgage, title and settlement services, insurance and home warranties, property management, vacation rentals, new home sales and marketing for builders and developers, and corporate real estate services for relocation and business development.

References

  1. ↑ "About Us | Real Estate Company | Long and Foster". Longandfoster.com. Retrieved 2016-12-14.
  2. ↑ "Long & Foster sold to Warren Buffett company". Wtop.com. 7 September 2017. Retrieved 10 December 2017.
  3. ↑ Fleishman, Sandra (November 19, 2003). "Long & Foster to Change Managers". The Washington Post. Retrieved November 2, 2009.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.