Coldwell Banker Premier Properties has merged with the Schmidt Family of Companies while the mother-daughter team of Michelle and Amanda Lewis takes the helm at Coldwell Banker American Home.
Coldwell Banker American Home's new owners
For the first time in 66 years, the Coldwell Banker American Home, Topeka will be female-owned, the Hays Daily News reported. Bryon Schlosser has owned the Coldwell Banker American Home since 1998, and this year he will hand over the reins to Michelle, who has served Coldwell Banker for 30 years as its chief financial officer.
Schlosser said the change of ownership comes at a time when the organization is looking to have its franchisee license with Coldwell Banker Real Estate renewed. Having somebody he can trust is really critical, he said, describing the deal as one that you would make with your family.
Schlosser will serve as an adviser to Michelle and Amanda for the time being, as Michelle will continue to be the organization's financial officer, and Amanda will be its career development officer.
Amanda sees the need to build the next generation of leaders in the real estate community and will take the opportunity to encourage the younger generations and educate them on how real estate can be a fulfilling career.
For Michelle, she treats her full-service real estate agency as "home" and hopes that everyone also feels the same way. She said that among her personal goals is to have her entire organization achieve a whole new level of enthusiasm for the brand.
Coldwell Banker American Home has over 70 real estate agents in Topeka and about ten full-time staff members.
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Coldwell Banker Premier Properties, Schmidt Family of Companies merge
Meanwhile, Coldwell Banker Premier Properties, one of Coldwell Banker's top 50 franchisees nationally, has announced its merger with the Schmidt Family of Companies, according to the RISMedia report.
The Traverse City-based Schmidt Family of Companies was founded in 1927 in Michigan and operated over 90 Coldwell Banker sites with about 2,000 real estate agents.
Coldwell Banker Premier Properties, which was founded by Steve Cupolo in 1998, will retain its name as Cupolo will serve as its regional vice president. In 2019, Coldwell Banker Premier Properties generated 1,323 transactions and more than $400 million in sales volume while Schmidt Family of Companies generated a combined sales volume of $3.9 billion from 18,765 transactions last year.
Cupolo said the Schmidt Family of Companies' support and level of sales and marketing resources would allow the Coldwell Banker Premier Properties to solidify its strong regional presence. The merger will also provide the organization with access to the Schmidt Family of Companies' innovative and world-class in-house marketing team, along with its graphic designers, digital media and technology experts, and digital marketers.
Coldwell Banker Premier Properties, on the other hand, will provide the Schmidt Family of Companies the opportunity to concentrate on waterfront, resort, and luxury markets where their experience can assist in the firm's growth, the Schmidt Family of Companies CEO, Ken Schmidt said.
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