RealTrends Verified brokerage Howard Hanna enters Alabama with ARC, Capstone deal

Howard Hanna Real Estate Services is entering Alabama through a partnership with ARC Realty and Capstone Realty, adding 875 agents across 12 offices in Birmingham, Montgomery and Huntsville. ARC and Capstone operate as Alabama’s largest real estate brokerage and will continue to do business under their existing brands while joining Howard Hanna’s national network, according to an announcement on Wednesday. The move gives Pittsburgh-based Howard Hanna, a RealTrends Verified brokerage, a foothold in one of the Southeast’s faster-growing housing markets while extending its footprint to 19 states. The family-owned brokerage now spans more than 500 offices with about 15,000 sales associates and staff. Howard Hanna’s partnership with ARC and Capstone comes a little over three months after the firm announced a similar partnership with the Maine-based Portside Real Estate Group, a RealTrends Verified brokerage. “This is very similar to the partnership with Portside,” Hoby Hanna, the CEO of Howard Hanna, told HousingWire. “A lot of the transactions we’ve been doing lately have been us acquiring a majority interest in the company and allowing local leadership to stay in and run the market as...