Coldwell Banker Real Estate Group Announces Acquisition of Greater Chicagoland Independent Brokerage D’Aprile Properties
With strategic acquisition, industry leader Coldwell Banker Real Estate Group Expands Footprint in the Midwest
MADISON, NJ (December 16, 2022) – Coldwell Banker Real Estate, LLC, an Anywhere (NYSE: HOUS) brand, is pleased to announce that a leading Coldwell Banker franchise affiliate, Coldwell Banker Real Estate Group, has acquired d’aprile properties in Greater Chicagoland, Wisconsin and Indiana to significantly expand the Coldwell Banker presence and footprint in the Midwest.
D’aprile properties was founded in 2011 by Broker-Owner Ryan D’Aprile in Chicago’s West Loop neighborhood. Today, the full-service firm boasts 11 offices. The more than 380 affiliated sales professionals serve clients throughout Greater Chicagoland, Lake Geneva, Wisconsin and Michigan City, Indiana. Last year, the company closed nearly $1.2 billion in sales volume*.
Coldwell Banker Real Estate Group was founded in 1984 and affiliated with Coldwell Banker in 1997. Today the company, led by CEO Mike Prodehl, represents more than 1,700 agents across 60 offices in communities throughout Wisconsin, Illinois, Indiana, and Michigan. In 2021, the company represented more than $5 billion in sales volume*. With this strategic acquisition, Coldwell Banker Real Estate Group will grow to 70 offices representing more than 2,000 affiliated sales professionals across the four states.
With the newly acquired d’aprile properties, the Coldwell Banker presence grows significantly in the Midwest. When combining Coldwell Banker Real Estate Group, d’aprile properties and the company-owned operations of Coldwell Banker Realty in Greater Chicagoland, Coldwell Banker represented more than $13.6B in sales volume in 2021*. Together, the Coldwell Banker brand is among the top companies in the region, adding to its competitive advantage.
“This groundbreaking acquisition solidifies the Coldwell Banker brand presence in this marketplace and is indicative of the power of our network. There is significant strength behind our Coldwell Banker franchisees, their broker owners and the companies they acquire. When they stand as a united front with our company-owned operations under our iconic Coldwell Banker banner, they are an indominable sales force.”
- Liz Gehringer, president of Coldwell Banker Affiliate Business and chief operating officer, Coldwell Banker Real Estate LLC
“The addition of Ryan and the remarkable agents of d’aprile properties not only expands our footprint in the region, it further strengthens the brand in our marketplace. Combined with Coldwell Banker Realty, we have a momentum that our competitors can’t match. We are thrilled to welcome d’aprile properties to our family-owned company.”
- Mike Prodehl, president and CEO, Coldwell Banker Real Estate Group
“We are thrilled to partner with Mike Prodehl and the Coldwell Banker Brand. I love our company and agents and found, after getting to know Mike, that this is the best next step for our family of agents to move forward together. Coldwell Banker brings our agents even more exposure, educational opportunities and state-of-the-art technology and support. This is a win-win for our sales professionals, our support team and our clients.”
- Ryan D’Aprile, founder and CEO, d’aprile properties
“We congratulate both Mike and Ryan on this exciting announcement. Agents continue to choose Coldwell Banker to affiliate with due to our strong brand recognition both locally and globally and we welcome the d’aprile agents to the network.”
- Ayoub Rabah, president, Coldwell Banker Realty in Greater Chicagoland
*2022 Real Trends 500 rankings based on 2021 sales data.