Guardian Management to Become Largest Franchise Owner of Sperry Van Ness International

BusinessWire:

Guardian Management LLC (Guardian), a Pacific Northwest real estate investment and management firm, through a newly formed corporation will acquire the Southern California and Arizona offices of Sperry Van Ness, one of the nation’s largest commercial real estate brokerage firms. With the acquisition, Guardian will hold the development and franchise rights for Sperry Van Ness in Southern California, Arizona and Oregon. Guardian’s president, Tom Brenneke, will become a member of the Sperry Van Ness board of advisors. The transaction is slated to close no later than August 29.

“Sperry Van Ness is one of the nation’s leading brokerage firms, and this acquisition will strategically expand Guardian’s geographical reach, diversify our portfolio and broaden opportunities for investors,” said Tom Brenneke, president of Guardian Management LLC. “It is a perfect complement to Guardian’s existing expertise as a fully integrated, West Coast real estate investment company.”

Guardian will continue to operate the brokerage as an affiliate company under the Sperry Van Ness brand. The purchase includes seven regional offices in Southern California and one in Phoenix, consisting of 190 commercial real estate advisors. Guardian is already performing limited brokerage services for clients – a complementary business function to its core business of property management, syndication, acquisitions and development. Guardian will immediately begin to build upon the existing Sperry Van Ness presence in Oregon. The company will also look to develop the Sperry Van Ness organization in Arizona, expanding outside the Phoenix market to include Tucson. Sperry Van Ness founders, Rand Sperry and Mark Van Ness, established Sperry Van Ness in 1987 with the goal of creating a better method of handling commercial real estate transactions that put the client’s interests first. Today, Sperry Van Ness is one of the fastest-growing commercial real estate firms in the nation, with approximately 1,000 advisors in more than 150 markets nationwide.

“When we began looking for a strategic franchisee for our corporate offices, we knew it had to be just the right partner, and we’ve found an ideal partner in Guardian both strategically and culturally,” said Rand Sperry, co-founder of Sperry Van Ness. “Guardian’s presence and reputation on the West Coast, strong management team and its multifamily offerings will reinforce and strengthen our brand and company significantly,” added Mark Van Ness, CEO and co-founder of Sperry Van Ness.