Investment firm acquires Realty Executives Phoenix

Posted: Updated:
By Christina O'Haver By Christina O'Haver

PHOENIX -- Realty Executives Phoenix announced last week that it has been acquired by Phoenix-based investment firm Kinetic Companies, a move that could bring more jobs to the community.

Realty Executives Phoenix currently has 12 branch offices throughout Maricopa County and dozens of satellite offices around the state. The company plans to open three more offices, and each office is typically staffed with 80 to 100 agents.

"It means growth, new offices, new agents, more income, better for the community," said Jeff Murtaugh, who will serve as President and CEO of Realty Executives for Phoenix, Tucson and Yuma. "We only hire experienced agents, and it should be just awesome for everybody in the state."

The family business will continue to operate under the Realty Executives moniker. The brand has a presence in 24 countries.