HomeVestors Welcomes More Than 50 New Franchisees in Fourth Quarter to End 2016 Strong

The Company Succeeds Goal of having 800 Franchisees by Year End

DALLAS (January 25, 2017) – HomeVestors of America, the largest professional home buying network of independently owned and operated franchisees, added 54 new franchisees in the fourth quarter, bringing the total number of new franchisees to 216 for 2016.  This exceeds the We Buy Ugly Houses® goal of reaching 215 new franchisees in during their 20 year anniversary year.

“2016 was a year full of celebration and reaching new milestones, to not only reach our franchisee goal but to surpass it is something we are very proud of,” said David Hicks, HomeVestors® co-president. “It shows our growth is not slowing down and we are a strong leader within the residential real estate market.  We are looking forward to adding more independently owned and operated franchisees in 2017.”

HomeVestors began franchising two decades ago in 1996. Throughout that time, the company has seen tremendous growth and achievement with currently 783 franchisees nationwide and purchasing over 75,000 homes.

“We are so excited for these new franchisees to be a part of our team. Like us, they take great pride in helping others,” explained Ken Channel, co-president of HomeVestors. “What we achieved in 2016 goes beyond what we could have ever imagined. Not only have we been around for 20 years, but we continue to grow exponentially.”

The newest franchisees in the fourth quarter include: Stephan L. Escalante, Richard J. Coffer, David L. Connor from Orange County, California; Robert D. Booth, Jr. from Salt Lak City, Utah; Apex Quality Investment, LLC from Long Island, New York; Arie J. Rosen from Baltimore-Towson, Maryland; Chrysalis Properties, LLC from Boston, Massachusetts; Moon K. Kim and Nina Chong from Houston, Texas; True Wind Properties, LLC from Fort Myers, Florida; Property Adopters, LLC from Los Angeles, California; Steven H. Kreitenberg from Los Angeles, California; Ryan M. Elmore and Ryan M. Lusk from Orange County, California; Eric W. Berg from Duluth-Superior, Wisconsin; Jeremy C. Bill from Atlanta, Georgia; Realty Acquisitions, LLC from Baltimore-Towson, Maryland; Makaan Investments Inc. from Houston, Texas; Darcy B. Myers from Phoenix, Arizona; Joey D. Baker from Greensboro, North Carolina; DECB, LLC from Baltimore-Towson, Maryland; Mark E. Revis from Los Angeles, California; Erik A. Strom and Matthew L. Richards from Los Angeles, California; La Luz Properties, LLC from Tucson, Arizona; Daniel P. Graber from Flagstaff-Prescott, Arizona; James M. Morgan from Philadelphia, Pennsylvania; Sheri D. Duignan from Atlanta, Georgia; David W. Cerrillos from Raleigh-Durham, North Carolina; Michael R. Brady and Ronald F. Battaglia from Birmingham, Alabama; J Price LLC from Austin, Texas; J. Kent McCurley and Linda A. McCurley from Tucson, Arizona; Joshua D. McKinney from Cincinnati, Ohio; Nitin Y. Tarte from Houston, Texas; AEL Properties LLC from Houston, Texas; James B. Thornton and Mimi Thornton from Portland, Oregon; John E. LeMay from Tampa/St. Petersburg, Florida; Michael C. Harding from Reno, Nevada; Scott E. Jones from Los Angeles, California; Johnny J. Hagen from San Antonio, Texas; Legacy Real Estate Investors, LLC from Mercer/Middlesex/Hunterdon, New Jersey; Lance J. Lovig from Houston, Texas; Michael M. Gracie from Jacksonville, Florida; Eric J. Gullickson and Katherine R. Gullickson from Minneapolis-St. Paul, Minnesota; Joseph C. Finazzo from St. Louis, Missouri; Pace J. Morby from Phoenix, Arizona; CityGate Homes, LLC from Jacksonville, Florida; Holland S. Patton from Greensboro, North Carolina; Jason C. Myers and Terri S. Myers from Charleston, South Carolina; Five i Enterprises, LLC from San Antonio, Texas; Ayaz B. Wasim from Bergen-Passaic, New Jersey; Krista J. Jensen and Timothy L. Jensen from Minneapolis-St. Paul, Minnesota; Thomas J. Bogan from Charlotte, North Carolina; Dan M. Jacquin from St. Louis, Missouri; Richard Ehrlinspiel from San Francisco, California; Clyde B. Barnes from Twin Falls, Idaho; Jessica Yamamoto-Molina from Orlando, Florida; VickiAnn Dorr and John W. Dorr from Long Island, New York; and David S. Bebber from Charlotte, North Carolina.

About HomeVestors of America, Inc.

Dallas-based HomeVestors of America, Inc. is the largest professional house buying franchise in the U.S., with more than 75,000 houses bought since 1996. HomeVestors® recruits, trains and supports its independently owned and operated franchisees that specialize in building businesses based on buying, rehabbing, selling and holding residential properties. Most commonly known as the “We Buy Ugly Houses®” company, HomeVestors strives to make a positive impact in each community. In 2016, for the 11th consecutive year, HomeVestors was among the prestigious Franchise Business Review’s “Top 50 Franchises,” a distinction awarded to franchisors with the highest level of franchisee satisfaction. In 2017, HomeVestors was recognized as the 21st fastest growing franchise by Entrepreneur Magazine and number 52 in the Franchise 500 by Entrepreneur Magazine. For more information, visit www.HomeVestors.com.