Sherman & Hemstreet Real Estate Acquires McBride Realty, Inc.
Sherman & Hemstreet Real Estate Company announces a merger with McBride Realty, Inc. Sherman & Hemstreet specializes in commercial real estate, commercial and residential property management and community association management. Currently Sherman & Hemstreet manages approximately 3,000 properties throughout the southeast, most of which are in the CSRA.
Joe Edge, broker of Sherman and Hemstreet, stated, "This move to merge with McBride Realty was a strategic move for our firm. Sherman & Hemstreet has been a leader in real estate in the CSRA for over 90 years. While our focus has primarily been on commercial real estate and community association management we have also stayed involved in residential property management. This merger will double our single-family management portfolio and will drastically expand our reach into Columbia County where most of McBride Realty's rentals are located. The McBride Realty, Inc. office and its employees will be absorbed into the Sherman & Hemstreet space on Walton Way Extension. When asked about his decision to sell McBride Realty, owner and broker, Tommy McBride, stated, "After forty-six years in the real estate business I decided that it was time to merge my firm with another local firm. After several offers I decided to go with Sherman & Hemstreet because I felt my firms core values matched theirs and they would do the best job taking care of my clients that I have had relationships with for many years." The transaction was completed on Thursday, September 17, 2015 for an undisclosed sales price.
Watch the full interview here: https://www.youtube.com/watch?v=Bvd19a0S76Q#action=share