Company founder and president George D. Livingston projects a 15% increase in leasing and sales this year. "Sales were up because the stock and real estate markets are coming back and the economy is improving," says Livingston. "We also expect to see a lot more development and investment opportunities in many diverse areas" in 2004.
Realvest's 2003 production included 109 sales transactions valued at $92 million and 240 leasing deals worth $44 million. Those numbers compare with the company's 2002 production of $60 million in sales and $35 million in lease transactions.
Broker Michael Heidrich, the company's perennially high producer, booked 123 transactions valued at $40 million. Heidrich has handled 1,300 deals in his 15 years with Realvest. His largest deal to date was the $42.5 million sale of Magnolia Creek in 2002.
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