REAL ESTATE TECHNOLOGY

@properties Acquires Real Estate Technology and Advisory Firm Suburban Jungle Group

@properties | July 08, 2021

@properties, one of the nation's largest residential brokerage firms, announced today the acquisition of Suburban Jungle Group (Suburban Jungle), a real estate technology and advisory firm that helps home buyers identify the best suburbs or neighborhoods for their specific needs before matching them with a vetted real estate agent. Suburban Jungle, based in New York, presently serves nine major U.S. metropolitan regions.

Suburban Jungle founder and president Alison Bernstein will continue to manage the company, according to @properties co-CEOs Thad Wong and Mike Golden. In addition, the firm will continue to operate independently, with its strategists recommending clients to real estate agents based on the agents' local knowledge and proven commitment to Suburban Jungle's buyer-advocacy model.

Suburban Jungle was established by Bernstein in 2004 when he was a student at Columbia Business School. The company was her answer to determining which of the 500 towns and suburbs in New York City would be the best match for her family.

Highly experienced Suburban Jungle strategists suggest locations for their customers based on in-depth client interviews, technology, and extensive local experience. The strategist works with both parties after recommending the buyer to a real estate agent until the buyer finds a house. The Jungler app from the company adds another degree of efficiency by enabling the buyer, agent, and strategist to exchange resources, schedule appointments, interact with locals, and provide feedback.

Suburban Jungle is currently available in the following cities: New York, Chicago, Dallas/Fort Worth, Philadelphia, San Francisco, Boston, Washington, D.C., South Florida, and Austin. The company also provides an Urban Jungle service that focuses on New York's five boroughs and services for move-down buyers.

Suburban Jungle will gain resources from the sale to @properties, allowing it to develop its tech platform further while extending into new markets and growing in current ones. @properties is also expanding. With the acquisitions of Ansley Real Estate in Atlanta and Nest Realty in Charlottesville in 2019, the Chicago-based company has expanded outside the Midwest. In addition, @properties will launch a national franchise brand in late 2020, with franchises already in Detroit and La Crosse, Wisconsin.

About @properties

@properties, founded in 2000, is ranked eighth on the REALTrends 500 list of the largest residential brokerage companies in the United States by sales volume. @properties and its affiliated companies employ over 4,000 real estate agents throughout nine states in 65 office locations. Pl@tform, an integrated application suite created by @properties, assists its agents in managing all elements of the client relationship and real estate transaction.

About Suburban Jungle Group

Suburban Jungle Group is the first-of-its-kind real estate advisory and technology platform devoted only to assisting house buyers in locating the ideal town or suburb before looking for a property. The company's award-winning and objective "town first" approach to real estate guarantees that homebuyers look in the correct areas and ask the right questions. Home buyers are not charged for this service.

Spotlight

The Housing White Paper found that because the existing housing stock is largely single-family homes on large lots, new supply will need to include more diverse for-sale and rental product types, at more price points, in more locations, to meet the breadth of demand and preferences in the region.

Spotlight

The Housing White Paper found that because the existing housing stock is largely single-family homes on large lots, new supply will need to include more diverse for-sale and rental product types, at more price points, in more locations, to meet the breadth of demand and preferences in the region.

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