NEW YORK, Nov. 26, 2012 /PRNewswire-iReach/ -- The Next Step Realty, the leading real estate company specializing in finding apartments for recent college graduates, announced that it has acquired former competitor, Post Graduate Apartments. The deal was inked November 16. Terms of the transaction including the purchase price were undisclosed.(Photo: http://photos.prnewswire.com/prnh/20121126/CG18540)
"This acquisition marks an exciting milestone for the company, expanding our national footprint and existing capabilities," says The Next Step Realty's CEO and Co-Founder, Blair Brandt. He goes on to say that he was impressed by the company's technology, especially its back end capabilities which will improve customer experience. "The Next Step Realty brand will continue to thrive under the guidance of the same management, philosophies, and company culture," he said.
"We could not be happier with the transaction," said Kyle Widrick, Co-Founder of Post Graduate Apartments. "We believe it will truly benefit our customers over the long run, leaving them in excellent hands with The Next Step Realty."
The acquisition of the firm will augment Next Steps' ability to reach the company's growing client base, and cements its position as the leading placement source for recent college graduates, with over 30,000 client registrations in its first two years.
Founded in 2010, The Next Step Realty strategically connects pre-qualified graduates with like-minded, professional real estate agents in cities like New York and London in order to minimize the cost, time, and stress inherent in the first-time rental process.
The company was chosen by CNN and Fortune Magazine in 2011 to be one of the United States "Top 6 Dorm Room Start-Ups." Its founder Blair Brandt has been featured on Bloomberg TV and Fox News Live, is a regular contributor to the New York Times, and was invited to the White House to speak to the White House Business Council. In January 2012, Brandt was named to the Forbes Magazine "30 Under 30" list and featured in Town & Country. Next Step was recently an integral source for a New York Times article entitled "The Launching Pad: Landing Your First Apartment in New York."
To learn more about The Next Step Realty online, please visit them on the web at: www.thenextsteprealty.com, on Facebook by going to: www.facebook.com/TheNextStepRealty, via Twitter at www. Twitter.com/NextStepRealty, and on Instagram at: www.Instagram.com/NextStepRealty.
About The Next Step Realty:
The Next Step Realty focuses on pre-qualifying appropriate rental agents for graduates, match making the graduates and brokers strategically, and helping graduates save money by discounting or eliminating broker fees. The company partners with young, up-and-coming brokers who are given the opportunity to increase their short-term income potential, gain more experience in the field, and to maximize the quality and size of their long-term client base, while recent graduates are simultaneously given cost-effective and professional guidance on their first apartment.
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SOURCE The Next Step Realty