DLP Realty, ranked by The Wall Street Journal as the #14 Real Estate Team in the US and among the fastest growing real estate firms in the country, has entered into an agreement to acquire Arthur Kowitz Realty, a Holly Hill, FL based real estate firm that has been in operation since 1990.
The deal, including multifamily assets along with the existing brokerage, is worth over 5 million dollars, said Jeanne Fish, Business Developer for Arthur Kowitz Realty. Fish introduced the two business owners, Arthur Kowitz and Don Wenner, in November of 2015. The settlement is expected to be completed by the end of March.
“The acquisition of Arthur Kowitz Realty presents DLP Realty with a tremendous opportunity to gain a scale position in the Daytona Ormond Beach market,” said Wenner.
Arthur Kowitz, who has achieved other accomplishments such as being a world motorcycle racing champion, is confident that DLP will take the existing brokerage to the next level of success and continue his tradition of community involvement.
Mr. Kowitz quickly changed gears to race a modern Yamaha in the Daytona 200. Additionally, over the past three years, Kowitz’ promotion of zero-emissions motorcycle racing has gained world-wide notoriety and he plans to continue his role in the Emoto series.
Wenner, who founded DLP Realty in 2010, has appeared on CNN, NBC and HGTV for his real estate triumphs. His wife, Carla, and their two sons have relocated with him to Flagler County, where he is playing an intrinsic role in the acquisition. DLP Realty plans on continuing to grow its operations in the Daytona market by acquiring additional properties and adding staff in the Volusia/Flagler county area.