Peerage Realty Partners is further expanding its expertise in British Columbia’s new and resale residential condo market with a significant strategic investment in The Condo Group of Victoria.
TORONTO, May 5, 2021 – Peerage Realty Partners Inc. (“Peerage Realty”) has acquired a substantial partnership interest in The Condo Group Real Estate Limited (“The Condo Group”), Vancouver Island’s leading pre-sale marketing and re-sale brokerage firm. The Condo Group transaction reinforces Peerage Realty’s commitment to B.C. through its partnerships with firms including Sotheby’s International Realty Canada in the premium residential re-sale market; Fifth Avenue Real Estate Marketing Limited; and BakerWest Real Estate Incorporated and Epic Real Estate Solutions Incorporated in the pre-construction condominium marketing and sales sector.
“Our new partnership with The Condo Group reflects our tremendous confidence in the long-term potential of the real estate market across British Columbia,” said Gavin Swartzman, CEO of Peerage Realty. “We now add the Vancouver Island market to our roster, in collaboration with a team that has a strong culture and record of success.”
The Condo Group’s executive team, headed by co-owners Chris Gill and Tony Zarsadias, will continue to lead the company and to provide best-in-class service to all clients. They have a growth mandate and will leverage their ongoing and substantial stake in Condo Group, as they become important partners in Peerage Realty’s B.C. network of entrepreneurial leaders in the premium residential real estate services business.
“We are delighted to join the Peerage Realty family of companies,” said Tony Zarsadias, co-owner of The Condo Group with Chris Gill. “Peerage shares our entrepreneurial spirit and our values. Their resources and support allow us to further grow our business while maintaining the identity and values that have served our clients so well since 2007.”
With the support of Peerage Realty, Condo Group will further extend its ability to bring unparalleled service to clients on Vancouver Island. This announcement was preceded by Peerage Realty’s recent launch of BakerWest, which brings deep Vancouver pre-construction marketing experience together with the technology and infrastructure of Toronto-based Baker Real Estate Limited.
“We are fortunate to find a partner that brings extensive market knowledge in such a vital market segment,” said W. Scott Brown, CEO of Fifth Avenue and strategic advisor to Peerage Realty’s B.C. partners. “We welcome the opportunity to partner with Tony and Chris, to help them and their team realize the vision for growth, and to further enhance the firm’s reputation. It also brings Peerage Realty closer to establishing a power network of collaborative, owner-managed firms.”
ABOUT THE CONDO GROUP
Founded in 2007, The Condo Group Real Estate Limted has been successfully connecting buyers and sellers for over a decade. It specializes in sales and marketing for condominiums and townhouses in Victoria, B.C. With a dynamic group of agents who have unparalleled real estate market knowledge, The Condo Group has become a trusted source of advice in the Greater Victoria Area.
The Condo Group is a performance driven organization of award-winning agents who sold 73 per cent
more than the average realtor in the Victoria Real Estate Board market in 2020. Some 29 per cent of The Condo Group realtors are Gold Award winners with a proven track record of success. Together, they have helped 2,700 individuals, families, and investors buy and sell their homes. The Condo Group is committed to continue its dedication to providing expertise and unmatched service to their clients.
ABOUT PEERAGE REALTY PARTNERS
Peerage Realty Partners, a subsidiary of Peerage Capital, offers a unique and time-tested professional partnership model for entrepreneurial North American real estate service firms in premium markets. It has the unique benefit of being a private family and management-owned enterprise that is positioned to commit to long-term investments and time horizons.
Through its Partner firms, Peerage Realty transacted over C$18 billion in residential sales in 2020 and forecasts sales of C$20 billion in 2021. It has over 3,000 best-in-class sales representatives and 86 offices in Canada and the United States.
To support growth and expansion, Peerage Realty consistently provides strategic input, capital, technology, operational expertise, marketing, public relations, and value-added products and services that differentiate and strengthen its Partner firms in competitive markets. Its goal is to expand the suite of services that its Partner firms can offer to enhance the client experience through all phases of a real estate transaction and beyond.
Peerage Realty’s partners include: Baker Real Estate, the leader in new development and condominium sales and marketing in the Greater Toronto Area, and Montreal; BakerWest, a new construction condominium sales and marketing firm in Vancouver; Chestnut Park, one of the top luxury firms in Ontario; Epic Real Estate Solutions, condominium marketing experts with a focus on the interior of British Columbia; Fifth Avenue Real Estate Marketing, a leader in new development and condominium sales and marketing in British Columbia; Jameson Sotheby’s International Realty, a luxury firm in the greater Chicago area; Madison & Company Properties LLC, a leading luxury brokerage in Denver, Colorado; Sotheby’s International Realty Canada, a national luxury real estate broker; and StreetCity Realty, a progressive brokerage and back office services provider in Ontario.
ABOUT PEERAGE CAPITAL GROUP
Peerage Capital Group (“Peerage Capital”) is a leading North American business services and private investment firm. Peerage Capital is focused on partnering with exceptional, entrepreneurial management teams to form long-term investments across several strategic business services platforms including real estate services, real estate development and management, land assembly, self-storage, asset management and wealth advisory services.
A growing network of partner companies employs over 3,000 people across Canada and the United States with approximately C$10 billion in total assets under management (AUM) and administration and transacting over C$18 billion in annual sales of residential real estate.
Peerage Capital focuses on service sectors where there are opportunities to achieve scale through both organic growth as well as through acquisition, operating synergies, and brand differentiation.
It supports the Partner firms in which it invests by providing capital as well as a team of experienced professionals who add value in such areas as strategy, finance, technology, marketing, mergers and acquisitions, and communications.
Peerage Capital believes that superior talent is the ultimate driver of long-term growth and success. It operates with a strong culture of partnership, collaboration and alignment of interests, both economic and cultural. Peerage Capital’s unique “Professional Partnership” model has been refined over 40 years to accelerate growth through value-added services that enhance the sustainable, profitable growth rate of the organization, maximizing value for all stakeholders.