Oct 201716

Long & Foster Acquires McGrath Real Estate Services

Jim McGrath and Tim McGrath
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McGrath Real Estate Services is now part of the Long & Foster family. Pictured are, from left, Jim McGrath and Tim McGrath.
Oct 201716

Long & Foster Acquires McGrath Real Estate Services

Owners Jim and Tim McGrath assume new leadership roles at Long & Foster

The Long & Foster Companies has acquired McGrath Real Estate Services, a property management and real estate sales firm in Herndon, Virginia. Going forward, the real estate sales division of McGrath will join Long & Foster Real Estate and the property management arm will be part of Long & Foster Property Management. Both teams will remain in their current office, which will become Long & Foster’s new Herndon location. Jim and Tim McGrath, owners of McGrath Real Estate Services, will take on leadership roles with Long & Foster.

“Having worked with many Long & Foster associates over the years, I know from personal experience that their team shares our commitment to providing our home sellers and buyers with exceptional service and support,” said Jim McGrath, who previously served as the principal broker of McGrath’s real estate division. “As part of Long & Foster Real Estate, our sales associates will have access to even more tools and technology to build their businesses and better serve their clients.”

Tim McGrath, who led McGrath’s property management arm, added, “Long & Foster is not only a dominant real estate sales brokerage in Northern Virginia, but also one of the largest single-family property management firms. Combined, our teams will be positioned for ongoing success in the market.”

Tim McGrath has been appointed as Vice President of Business Development at Long & Foster Property Management. He is a Certified Commercial Investment Member (CCIM) and broker with over 30 years of experience in commercial and residential sales, leasing and assets management. Tim McGrath grew up around the world in a Foreign Service family. At McGrath, he focused on providing the tools and direction of his property management team to serve Foreign Service Officers and investors with properties in Northern Virginia.

“Under Tim’s leadership, McGrath Real Estate Services has built an impressive property management business in Northern Virginia,” said Joe Amatangelo, president of Long & Foster Property Management. “He’ll bring that knowledge and sales expertise to our team, helping us to create new business opportunities and even better support the owners who entrust the management of their properties to us.”

Jim McGrath has been named as branch manager of the Herndon office, which will now operate as a Long & Foster Real Estate location. He has provided over 30 years of real estate services in Northern Virginia in both property management and sales. Jim McGrath is a member of the Northern Virginia Association of Realtors (NVAR), the NVAR Life Top Producer Club and the NVAR Multi-Million Dollar Sales Club.

“Like Long & Foster, McGrath Real Estate Services, including its principal broker Jim McGrath, has a history of success in real estate, and we’re pleased to welcome their team to our family,” said Larry “Boomer” Foster, president of Long & Foster Real Estate. “Long & Foster strives to serve as the No. 1 choice for buyers and sellers in Mid-Atlantic and Northeast, and the addition of McGrath Real Estate Services not only enhances the high quality of service we offer to clients in Northern Virginia, but also strengthens our leading position in the market.”

Jeff Detwiler, CEO of The Long & Foster Companies, shared Foster’s sentiments, adding that, “together, we will ensure that our combined real estate and property management forces continue to uphold the strong traditions that have allowed our company to grow and succeed for the past 50 years.”

For more information, visit LongandFoster.com.