April 21st 2021
Press Release
Two of the country’s leading independent brokerages will partner up to provide superior service to clients in both New York and South Florida
NEW YORK CITY, NEW YORK (April 21, 2021)– Two of the country’s premier independent real estate brokerages — Warburg Realty in New York City and Fortune International Realty in South Florida— announced today that they are launching a strategic partnership to better service clients transitioning between their home states of New York and Florida.
By leveraging connections to local vendors, communities, and concierge services, the partnership will allow each firm and its many experienced and successful agents to tap their respective networks and facilitate a personalized, end-to-end real estate experience for customers in both sought-after markets. With more and more individuals across all demographic groups getting their COVID vaccines, many New Yorkers and Floridians are beginning to plan potential relocations or a purchase of second homes. The partnership will serve as a cornerstone for a network of boutique, independent residential real estate firms without a national or multi-state footprint.
While residential brokerage partnerships are common, this union between Warburg Realty and Fortune is the result of a long and meticulous search by each firm for the right culture fit and brand alignment. Ultimately, both companies were impressed by each other’s strong reputation of integrity, legacy of trust, dedication to excellent client service, and deep roster of experienced and successful agents with unmatched expertise in their local markets. Leadership at the helm of both companies are confident that this partnership is the first step in what will be a lasting and fruitful relationship.
“With the introduction of our partnership with Fortune, Warburg Realty extends our reach into South Florida in the same way we did many years ago in our highly successful referral partnership with Saunders in the Hamptons. As a boutique firm, Warburg deploys these relationships to create a seamless customer experience for our buyers and sellers with homes in multiple locations,” said Warburg Realty CEO, Frederick Warburg Peters.
Both Warburg Realty and Fortune are independently owned and operated in their respective cities, and with increasing pressure from large, national residential real estate brands, this new alliance may help provide a bulwark for similar boutique firms. With the prospect of significant movement between cities like New York and South Florida, both Warburg Realty and Fortune stand to benefit by having a foothold in each desirable area. It also provides the opportunity for discerning buyers and sellers, as well as agents, to gain greater exposure and access in both domestic and global gateway markets.
“Through a collaborative marketing and communications platform, Warburg Realty and Fortune will engage connectivity by creating unequalled, real-time access to local real estate knowledge, expertise and information. With Miami and New York experiencing upticks in market activity, agents and clients from both firms will benefit from a more robust and intimate network of sellers, purchasers, developers and properties in their respective cities,” said Fortune International Realty President & CEO, Edgardo Defortuna.
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About Warburg Realty
Warburg Realty, representing a higher standard of real estate since 1896, has built, managed and brokered many of New York City’s great houses and apartments. With a longstanding tradition of extraordinary service, Warburg has remained at the forefront of the field for over 120 years as a true example of premium brokerage, and is one of the last privately held residential real estate firms in New York City. Founded by CEO, former broker and industry thought leader Frederick Warburg Peters, the company’s 130 brokers are strategically located throughout Manhattan to guarantee every client the quickest access to the city’s finest properties and purchasers. Warburg’s offices include its 7,000-square-foot flagship at 654 Madison Avenue and Tribeca office at 124 Hudson Street.
About Fortune International Realty
Fortune International Realty, South Florida’s brokerage powerhouse and market-leading general real estate company, caters a comprehensive portfolio of sales, leasing, new development marketing, property management and private lending services. Founded in 1983 by the Defortuna family, Fortune has a vast global network of brokers, clientele and affiliates with 18 locations throughout South Florida and Latin America. www.fir.com