Concord RE Revs Up Expansion Strategy

Concord RE is based in Beverly Hills.

LOS ANGELES—Concord RE has unveiled its aggressive expansion goals. The Beverly Hills-based brokerage house has acquired Prosser Stevens Real Estate Investment, a multifamily investment sales-focused firm founded in 2011 by Kenny Stevens and Heidi Prosser Stevens. Formerly an independent operating firm under Keller Williams Commercial Realty, Prosser Stevens’ 12-person team has moved to the Concord RE offices in Beverly Hills and will operate under the name Concord RE as a single firm.

“We have been really focused on multifamily investment sales for the past six years, and we were really drawn to Concord’s full-service model,” Prosser Stevens, who is now chief operating officer and managing partner at the new firm, tells GlobeSt.com. “We really saw the benefit of being at a full service platform for both our agents, and most importantly, our clients. Because of where the market is right now—this is such an exciting time and there is a ton of growth—we felt like this was the best time to capitalize on this opportunity.”