Shaheen, Ruth, Martin & Fonville Real Estate Acquires Local Real Estate firm in Irvington, Virginia.
Shaheen, Ruth, Martin & Fonville announced its acquisition of Select Properties of Virginia on Friday, December 11, 2020.
“We couldn’t be more excited about our two firms coming together to create our 4th location between Central Virginia and the Northern Neck,” said Scott Shaheen, Co-Owner at Shaheen, Ruth, Martin & Fonville. The firm also has a substantial presence in both Williamsburg and Wintergreen marketplaces and sells all types of Real Estate from land, waterfront properties, luxury, and new homes.
Select Properties of Virginia, established in 1954, has 21 agents between the Richmond and Irvington locations and Shaheen, Ruth, Martin & Fonville Real estate will expand their agent count to 166 within less than 4 years of starting the firm. They have become one of the top 10 brands in the Central Virginia Market with over 1500 transactions and over $630,000,000 in sales for 2020. “We strive to make our agents the best agents in the business and understand how to navigate through this ever-changing Real Estate market.” As stated by Mahood Fonville, Co-Owner.
Doug Dorsey, the owner of Select Properties of Virginia, has been very successful in building a great group of top producing agents in both the Richmond and Irvington locations. Doug will remain with the company and focus on his personal business and helping with the transition. He understands that SRMF makes every effort to keep their agents organized and productive to prosper both personally and professionally. “It’s a natural growth location for our firm and a number of our agents already have a presence in the marketplace and will know how the luxury of our brand and marketing around the corner. The SRMF brand is simple and is agent-driven with a heavy focus on training, professionalism, and all types of marketing to expose our properties to more prospects,” said Scott Ruth, Co-Owner.
“This has been on my mind for years and really something that is needed with so much of the River market being influenced by the Richmond and surrounding areas. I am hopeful that our Richmond household name will be an added benefit to the buyers and sellers in the river markets and will bring the two areas even closer,” said John Martin, Co-Owner and head of marketing for the company.
Founded in 2017, Shaheen, Ruth, Martin & Fonville (SRMF) is a local leader in the Residential Real Estate Community. The company covers Richmond, Williamsburg, Wintergreen, and The Northern Neck.