Independent residential real estate firm Realty Austin, headquartered in Westlake, recently acquired Reilly, Realtors.
Reilly, Realtors is the No. 3 independent firm in Austin with 135 agents and more than $520 million in annual sales, according to a news release.
The release from Realty Austin states the merger effectively establishes a 10 percent share in the Austin real estate market.
Realty Austin closed $2.85 billion in sales in 2018, according to the release, and brings the company’s full-time agents to 585. This is Realty Austin’s first acquisition and will help increase the company’s online presence by 50 percent, the release states.
Realty Austin plans to open three new Agent Success Centers in 2019 near Lakeline, in South Austin at Lantana Place in Southwest Parkway this summer, and at the Triangle.