Long & Foster
Long & Foster Real Estate is the United States' largest privately owned real estate company and the largest global affiliate of Christie's International Real Estate.
 | |
| Type | Subsidiary |
|---|---|
| Industry | Real Estate |
| Founded | May 22, 1968 Fairfax, Virginia, U.S. |
| Headquarters | 14501 George Carter Way Chantilly, Virginia, U.S. |
Area served | Mid-Atlantic and Northeast regions |
Key people | P. Wesley Foster, Jr., Long & Foster Companies Chairman, Chief Executive Officer George T. Eastment III, Vice Chairman Jeffrey S. Detwiler, President and Chief Operating Officer Gary Scott, President, Long & Foster Real Estate Larry Foster, President, Long & Foster Real Estate Bruce Enger, Senior Vice President & CFO |
| Parent | HomeServices of America |
| Website | Long & Foster |
Long & Foster has more than 11,000 agents in over 220 sales offices in the Mid-Atlantic and Northeast regions.[1] It is part of The Long & Foster Companies, a family of businesses in the real estate and financial services industries. In September 2017, Berkshire Hathaway's HomeServices of America bought Long & Foster.[2]
History
In 1968, P. Wesley "Wes" Foster, Jr. co-founded Long & Foster[3] with Henry "Hank" Long. Long & Foster began with Foster handling the residential real estate arm of the business and Long handling the commercial side. Foster became the sole owner in July 1979, 11 years after establishing Long & Foster. Foster currently serves as the chief executive officer and chairman. Foster began his real estate career in 1963 as a sales manager at Minchew Corporation, a home building company. In 1966, he moved to Nelson Realty as vice president of sales before founding Long & Foster.
Operations
Long & Foster has offices and associates in Virginia, Maryland, Washington, D.C., Pennsylvania, New Jersey, West Virginia, Delaware and North Carolina. The company has seven lines of business that support buying, selling and owning real estate including the sale and purchase of residential (existing and new construction) and commercial properties and land; mortgage, title and settlement services, insurance and home warranties, property management, vacation rentals, new home sales and marketing for builders and developers, and corporate real estate services for relocation and business development.
References
- "About Us | Real Estate Company | Long and Foster". Longandfoster.com. Archived from the original on 2016-12-20. Retrieved 2016-12-14.
- "Long & Foster sold to Warren Buffett company". Wtop.com. 7 September 2017. Archived from the original on 21 December 2017. Retrieved 10 December 2017.
- Fleishman, Sandra (November 19, 2003). "Long & Foster to Change Managers". The Washington Post. Archived from the original on October 23, 2012. Retrieved November 2, 2009.
