The real estate brokers sponsored by Real Living City Residential (RLCR), the residential brokerage spin-off of Chicago Real Estate Resources Inc. (CRER), have joined Fulton Grace Realty. RLCR, owned by Eric Janssen, has ceased residential brokerage operations, allowing Janssen to focus on development and expanding his commercial real estate firm CRER and insurance company 235 Insurance.
This maneuver marks the beginning of a new strategic partnership between CRER and Fulton Grace. CRER plans to serve as a valuable commercial resource to Fulton Grace and collaborate with its residential brokers, creating a natural synergy between the companies.
“CRER has experienced continued growth in our 16 years of business and we look forward to continuing to add value for our commercial and real estate investment clients,” said Janssen. “We are excited to start this partnership with Fulton Grace, leveraging their team, network and experience in residential rentals and sales.”
The former RLCR brokers now sponsored by Fulton Grace will be primarily stationed in Fulton Grace’s Wicker Park office that opened this past July. The transitioning brokers closed nearly $50 million in residential sales last year and look forward to growing their businesses at Fulton Grace. The transitioning brokers, including several top producers, enjoy the “local feel” and close-knit community at Fulton Grace, as well as its vast array of agent resources.
“Our firm has been rapidly expanding its residential sales volume in Chicago with little attention to commercial,” said T.J. Rubin, president and founder of Fulton Grace Realty. “Rather than placing efforts and resources toward developing an in-house commercial division, we plan to heavily leverage Janssen’s and CRER’s experience in commercial real estate to benefit our agents and clients.” Rubin and his executive team at Fulton Grace will remain focused on further developing the firm’s resources, marketing and support, which will enable the firm’s growing team of real estate professionals to continue increasing their market share in Chicagoland.