Jerry Hughes Realty merges with American Real Estate ERA Powered
Jerry Hughes Realty of Orange is merging with American Real Estate ERA Powered of Beaumont.
According to a release by the two companies, the merger coincides with the retirement of brokers/owners Jerry and Loretta Hughes. His daughter-in-law, Debbie Hughes, who has had an active leadership in the firm for many years, will now serve as the Orange branch leader while continuing to serve in a sales capacity, the release states.
The full-service brokerage, which handles residential and commercial real estate, was responsible for more than $50 million in sales volume in 2016.
“We are thrilled to welcome the Jerry Hughes Realty team as two great companies become one,” said Jaime Hensley, broker/owner of American Real Estate ERA Powered. “The addition of this market-leading firm, which has been a household name in the community for nearly four decades, expands and strengthens our service area in Southeast Texas. This expansion also allows us to increase our coverage area for inbound relocation clients and provide additional company-generated business for agents.”
“As we looked for ways to bring our firm to the next level, we found a great cultural fit with American Real Estate ERA Powered,” said Debbie Hughes. “Our companies have a long history as competent, well-respected and professional competitors who hold similar values. We are excited to leverage ERA’s state-of-the-art technology and marketing platforms to strengthen our value proposition and support agent recruitment as we expand our presence in Orange and the surrounding counties.”
The Jerry Hughes Realty operations will be rolled into American Real Estate ERA Powered and marketed locally as the Jerry Hughes Team.
Since joining the global ERA network in 2013, American Real Estate ERA Powered has experienced a 45 percent increase growth in GCI, with a 37 percent increase in agent count, according to the release.
The addition of Jerry Hughes Realty increases the company revenue by nearly 20 percent, the release states.