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.”

Cultural compatibility was a key factor in the decision to combine the two firms. Concord has thoughtfully developed its inclusive culture while as the firm has organically grown into a multi-faceted platform. “Concord is a full service firm,” Yoav Sarraf, managing director at Concord RE, tells GlobeSt.com. “We started as a commercial brokerage firm, but organically grew over time to include property management, asset management, construction services, capital markets and so on. We wanted to deliver a full service to our clients. Today, people don't want to go to a different specialist; they want everything in one place and in one experience. That is what we have grown to be.”