ARC Realty Opens New Montgomery Office
ARC Realty, a full-service real estate brokerage firm, is pleased to announce that it will be adding to its already successful real estate operations by expanding into the Montgomery, Alabama area. Norman Schlemmer from Alfa Realty, the largest residential real estate brokerage firm in Montgomery, will serve as Managing Partner of ARC Realty Montgomery. Along with an established agent force, managing nearly 300 current listings, ARC Realty Montgomery will bring ARC’s industry leading practices to the river region. ARC Realty Montgomery also will include New Waters Realty, the on-site management team for The Waters, a Pike Road community.
“We are extremely excited about this new chapter for ARC,” said ARC Realty Chairman, Tommy Brigham. “We look forward to expanding our footprint and serving the Montgomery community, and we could not have found a better partner than Norman or a more talented team of REALTORS®.”
In order to focus on its core business of insurance, Alfa is exiting the real estate brokerage business. Alfa diligently worked to find a company to help with this transition and fulfill Alfa’s real estate needs moving forward. This led Alfa to engage in discussions with ARC Realty.
“Given ARC Realty’s strong performance, agent-centric philosophy, and extensive marketing capabilities along with their commitment to serving homeowners, ARC was the clear choice” said John Hemmings, Chief Financial Officer for Alfa Insurance. “We are excited about all that ARC will bring to the River Region as well as to Norman and his team.”
In four years, ARC Realty has become one of the fastest-growing brokerage firms in Alabama, generating 2016 sales volume of $460 million and attracting more than 200 top REALTORS®. ARC Realty’s year-to-date closed volume is over $280 million, putting it third in the Greater Alabama Multiple Listing Service (MLS), with ARC’s Cahaba Heights branch office ranked first in the MLS in both volume and units closed.
Currently headquartered in Cahaba Heights, ARC Realty has offices in downtown Birmingham and Lake Martin, and it recently opened a new office in Hoover. Alfa Realty, a member of the Alfa family of companies since 1986, is the largest real estate company in central Alabama with two offices and more than 90 agents.