Raveis snags another Florida brokerage, bringing total to 16

Shelton company William Raveis Real Estate, Mortgage & Insurance is continuing to expand its Florida presence by acquiring Fenton & Lang, a luxury and family-owned brokerage with $300 million in 2020 production on Jupiter Island and Hobe Sound.

Fenton & Lang”™s two offices on the Treasure Coast, located 25 miles north of the Palm Beaches, will now operate under the WRRE luxury brand, marking WRRE”™s entry into that market. Brother-and-sister duo and co-owners Adrian Reed and Lia Reed Bohannon will remain at the firm.

The acquisition marks WRRE”™s entry into the Jupiter Island and Hobe Sound market, bringing the current total of William Raveis offices in Florida to 16. The family-owned Shelton company is actively seeking additional growth opportunities on both coasts of Florida.

Since opening its first office in Naples five years ago, and then expanding to Palm Beach and most recently Sarasota, WRRE is on track to close nearly $4 billion in sales in Florida alone.

“Jupiter Island further connects the dots between our strength in the Northeast to the luxury communities in South Florida,” WRRE Chairman and CEO William Raveis said. “Slowly but surely, we”™re conquering the luxury market, one luxury community at a time.

“Unlike our competitors who just look at size, we are seeking out small brokerages with large impacts on the community and that command the luxury market,” he added.

WRRE is projected to produce a record $20 billion in company sales for 2021, up 20% from 2020.