Foresite Acquires Property Management, Sales and Leasing Departments from IRC
May 17, 2021
SAN ANTONIO, TX – Foresite Commercial Real Estate (“Foresite”), a commercial leasing and investment sales firm and one of the largest property management companies in San Antonio, announced today that it has acquired the leasing, sales and management portfolio of Investment Realty Company (“IRC”). Founded in 1975, IRC is one of the longest serving commercial real estate companies in San Antonio and the surrounding markets. The addition of the IRC portfolio to Foresite strengthens its leadership position in the commercial real estate industry and adds experienced team members to its roster during a challenging time of attracting talent.
Stephen Raub, President of IRC, said, “We are very proud of IRC’s long history and legacy in the San Antonio commercial real estate market. We’ve worked hard to earn the trust and respect of our clients over the years. Now, we are very excited to start a new chapter by merging our IRC Team with Foresite’s exceptional company. We are confident that Foresite will continue this level of service and dedication to our valued clients into the future.”
Nancy Braun, Foresite’s Director of Property Management, said, “From a property management perspective it’s fabulous. We’re acquiring properties that have been under ownership for a very long time and have a solid relationship with IRC. And now, they have entrusted us to handle their assets. It’s important we’re adding skilled staff that can meet the demand of assignments coming into our portfolio now.”
Chad Knibbe, President of Foresite, stated, “This acquisition goes beyond assignments and financial metrics. We are looking at long term growth and that occurs with quality people. We were attracted to the passion of the IRC team and devotion to their clients. Our company culture is our biggest asset and the key to this acquisition was knowing these individuals would add value to our team and our clients.”
ABOUT FORESITE COMMERCIAL REAL ESTATE
Foresite Commercial Real Estate is a full-service brokerage provider of property management, leasing and investment sales led by Chad Knibbe and Bethany Babcock. Founded in 2014, Foresite has grown to a team of 25 members and represents more than 80 assignments. To learn more, visit www.foresitecre.com.
ABOUT IRC
IRC has been serving commercial real estate clients in San Antonio since 1975 and formed more than 80 partnerships. Investment Realty Company will go back to its roots as an investment company and land brokerage. President Steve Raub will continue to operate the company’s investment division and related entities, allowing individuals, pension plans, corporations and business partnerships to invest in both income producing real estate and pre-development land.