Mega Real Estate Deal: Residential Properties acquires Libby Kirwin Real Estate
Thursday, June 10, 2021
Residential Properties Ltd., Rhode Island’s leading real estate company, acquired Libby Kirwin Real Estate. This is a deal that will rock the Rhode Island real estate industry.
The deal gives Residential a new office at 418 Spring Street in Newport and adds seven local real estate experts who will operate from there, including associate broker Libby Kirwin.
VIDEO: See Lapides talk about the RI real estate market after the ribbon cut BELOW
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“Libby has built a strong and respected business in Newport and was looking to take her business to the next level,” Lapides said. “Residential Properties has been Rhode Island’s number one residential sales company for over a decade, surpassing the billion dollar mark last year. With the addition of Libby Kirwin Real Estate to our more than 250 energy brokers, RPL will quickly expand its presence in Newport, Portsmouth, Little Compton and Jamestown.
The Rhode Island real estate market is extremely hot – the median price of a single-family home in Rhode Island has increased 18% year-over-year according to April figures. Rhode Island Secretary of Commerce Stefan Pryor was in attendance at Thursday’s ribbon cutting.
Since opening its first office in 1981, Residential Properties Ltd. has grown to be the state’s largest and most successful independent real estate broker. The company was recently included in the 2021 REAL Trends list of the 500 most successful real estate companies nationwide. It now has more than 250 agents and a total of eight offices.
Libby Kirwin Real Estate (LKRE) has been a leading boutique firm in Newport since 2010. Libby and her team have deep roots on the island of Aquidneck.
“I recognized that my business had a size and capacity that, in order to grow and remain competitive, would be important to team up with a larger business that was not present on Aquidneck Island. Residential properties was the ideal solution. I was very impressed with Sally’s reputation and wanted a woman-led business to lead Libby Kirwin Real Estate, ”Kirwin said.
Meet the team – BELOW THE VIDEO
With a bachelor’s degree in commerce and sociology from Providence College, Joe launched and built a successful business at the age of 25, having since held sales, marketing and management positions at tech startups. and management consulting. He bought, renovated and sold 14 luxury homes across the East Coast.
Pawler is an experienced Newport Realtor®, having also worked in Narragansett. Before returning to Rhode Island, she gained invaluable professional experience with CBS Morning News, with Morgan Stanley in institutional sales and as an executive recruiter.
Brian received a mechanical engineering degree from the University of Rhode Island, where he was a member of the sailing and ski teams. He is a longtime Bristol resident, which gives him an in-depth knowledge of the East Bay and its real estate processes.
Sarah Kirwin Brady
Originally from Aquidneck Island, Sarah started working as an office administrator and personal assistant to her cousin Libby in 2010. In 2012, she graduated and became a Realtor® at Libby Kirwin Real Estate.
Sam enjoys living on the coast and settling on Aquidneck Island. It was when buying her first home in Newport that she knew she wanted to pursue a career in real estate. Sam brings his negotiating skills, analytical skills and understanding of relocation to his clients.
With a previous 18-year career as a high school counselor, Kathleen decided to take up the challenge and change during the pandemic to become a real estate agent. His 20 additional years of experience in the restaurant industry and his long-term residence in Newport brings RPL important connections within the communities of Rhode Island.
Marisa has been a licensed real estate agent for 10 years and is a top performing agent at Residential Properties. As a native of Rhode Island with extensive knowledge of the area, her professionalism and tenacity consistently guides her clients to success.
Libby Kirwin, Associate Broker
Born and raised in Newport, Libby has successfully navigated the real estate industry for over twenty-eight years staying one step ahead. Additionally, she is the Senior Design Consultant at Libby Kirwin Renovation & Design Consulting, established in 2012.
About Residential Properties Ltd.
Residential Properties Ltd. is Rhode Island’s largest privately held real estate company and has served sellers and buyers of distinctive properties since 1981 through service, innovation and hard work. The company, with eight local offices in Barrington, Cumberland, East Greenwich, Narragansett, Newport, Providence, West Side (PVD) and Westport, Mass., Serves all of Rhode Island, the Connecticut coast and Southeast and Central Massachusetts. Additionally, RPL’s relocation service assists buyers and sellers with transactions across the country, while an office in London, England is expanding RPL’s presence internationally. More information is online at ResidentialProperties.com.