DENVER BUSINESS JOURNAL – Colorado residential real estate brokerage Cherry Creek Properties has been acquired by an Arizona firm, HomeSmart International.
Greenwood Village-based Cherry Creek Properties posted $1.15 billion in 2015 sales volume and $49 million in revenue last year. It ranked as metro Denver’s seventh-largest Denver-area residential brokerage in 2016, according to DBJ Book of Lists research.
According to HomeSmart, Cherry Creek Properties has 1,514 agents. The Colorado business is now branded as HomeSmart Cherry Creek.
Terms of the deal were not disclosed.
With the acquisition, Scottsdale, Arizona-based HomeSmart says it has increased its footprint to 123 office locations in 16 states. It first expanded into the Colorado market in 2012.
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