Over the last couple of weeks, Long & Foster Real Estate, Inc., the largest independent residential real estate company in the United States, has been celebrating 45 years in the real estate industry. Today, Nov. 25, it also celebrates co-founder Wes Foster’s 80th birthday.
Well known in Washington, D.C., and Georgetown. Long & Foster prides itself as a company that was “founded on the principles of integrity, innovation, honesty and good old-fashioned customer service—values it continues to support today.”
Here are some detailed from a company news release:
Long & Foster was founded in 1968 by P. Wesley (Wes) Foster, Jr., and Henry Long in a 600-square-foot office in Fairfax, Va. The company then comprised Foster, Long and one employee. It provided residential and commercial real estate services, selling about $3 million in volume in the first year. Since then, Long & Foster has grown to more than 11,500 agents and employees in seven states in the Mid-Atlantic and Northeast, and it is now part of the Long & Foster Companies, which also includes Prosperity Mortgage Company, Long & Foster Insurance, Long & Foster Settlement Services, a corporate relocation services division and one of the largest property management firms in the United States. The companies’ combined sales for 2012 were in excess of $48 billion, about half of which resulted from the real estate business.
“From the time I started this company, our goals were to provide the best service possible to our real estate clients, create wonderful career opportunities for real estate professionals, and do better today than we did yesterday,” said Foster, chairman and CEO of the Long & Foster Companies. “It is with great pride that I can now say Long & Foster has been doing so for more than 45 years. It couldn’t have been done without the support of my family and the many real estate agents and employees who have worked so hard to make Long & Foster such a successful company.”
“We are thrilled to be celebrating 45 years of success at Long & Foster as well as Wes’s 80th birthday,” said Jeffrey S. Detwiler, president and chief operating officer of the Long & Foster Companies. “As a company, we’re greatly looking forward to continuing to provide top-notch real estate services and the total homeownership experience for clients across the Mid-Atlantic region for the next 45 years and beyond.”
See the March 13th Georgetowner for a profile of Wes Foster and his company Here