Sotheby’s International Realty acquires Majestic Realty Collective

Sotheby’s International Realty has acquired Majestic Realty Collective, a luxury real estate organization operating multiple Sotheby’s International Realty affiliates across the western U.S.

The acquisition expands Sotheby’s International Realty’s presence in luxury and resort markets, adding operations in Colorado, Utah, Nevada, California and other western regions.

Majestic Realty Collective includes LIV Sotheby’s International Realty, Summit Sotheby’s International Realty, Sierra Sotheby’s International Realty, Las Vegas Sotheby’s International Realty, Sun Valley Sotheby’s International Realty, Group One Sotheby’s International Realty, Desert Sotheby’s International Realty and Central Coast Sotheby’s International Realty.

The operations will join Sotheby’s International Realty’s existing company-owned locations in markets including New York City, Beverly Hills, San Francisco, Houston and Palm Beach.

Majestic Realty Collective will continue operating under its existing leadership team, including Scott Webber and Thomas Wright.

The transaction includes American Discovery Capital, Webber, founder and CEO of Majestic Realty II, and Wright, CEO and principal broker of Summit Sotheby’s International Realty and president and COO of Majestic Realty II.

“From the beginning, we built our organization around a simple belief: exceptional advisors deserve and benefit from a platform of personal and professional growth,” said Webber. “By aligning with Sotheby’s International Realty, Inc., we gain access to additional resources and enhanced technology while preserving the local expertise and culture that has defined our success. The Sotheby’s International Realty brand has been central to our growth, and this alignment creates even greater opportunities for our advisors while strengthening our ability to serve clients whose lives, businesses, and investments span multiple markets.”

Philip White, president and CEO of Sotheby’s International Realty, said the acquisition builds on an existing relationship between the organizations.

“The acquisition of Majestic Realty Collective represents a natural evolution of a long-standing relationship and shared commitment to excellence,” said Philip White, president and CEO of Sotheby’s International Realty. “Scott, Thomas, and their teams have built one of the most admired organizations in luxury real estate by combining entrepreneurial vision, exceptional local expertise, and an unwavering commitment to the Sotheby’s International Realty brand.”

Majestic Realty Collective includes a development division representing more than 40 new-construction and master-planned community projects. The organization has also focused on advisor recruitment, leadership development and operational support.

Sotheby’s International Realty said the acquisition will support additional investment in technology, marketing and advisor services, including access to Compass International Holdings’ proprietary Home Platform.

Financial terms of the transaction were not disclosed.

This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.