> Warren Buffett Blog: Warren Buffett invests in Texas real estate company

Monday, November 16, 2015

Warren Buffett invests in Texas real estate company

Billionaire Warren Buffett is getting in on the Dallas real estate market. HomeServices of America which is an affiliate of Bershire Hathaway has purchased Dallas, Texas based firm - Allie Beth Allman & Associates.

The real estate company specializes in luxury properties with $1.5 billion in sales last year. "Allie Beth Allman & Associates is a strong company with an exceptional reputation in a growth market," said Ron Peltier, HomeServices' chairman and CEO. "This transaction aligns with our vision of acquiring distinguished companies in leading markets that share our core values."

Allie Beth Allman & Associates was founded in 2003 and is recognized as the "highest-grossing, single office residential real estate firm in Dallas," according to a press release.