Local Real Estate Firm Bought By Larger Rival: Report

BETHESDA, MD — A real estate firm with roots in Bethesda and Chevy Chase has been bought out by a Virginia-based rival, according to a media report. Long & Foster, one of the largest real estate companies in the country, has acquired Evers & Co., which began selling homes in Montgomery County in 1985, radio station WTOP reported Wednesday.

The amount that Long & Foster paid for Evers & Co. was not disclosed. The company's 100 real estate agents will join Long & Foster, and Evers & Co. will operate under its current brand for the next few weeks, until it fully merges with Long & Foster, according to WTOP. (Get Patch’s real-time news alerts or like us on Facebook. For iPhone users, get the free Patch app.)

Evers & Co. handles real estate sales in Maryland, Virginia and the District. It has two offices in the District, an office on Wisconsin Avenue in Chevy Chase and another office in Bluemont, in Loudoun County, Virginia.

Long & Foster itself is going through the buyout process. A subsidiary of Berkshire Hathaway, the company run by investment titan Warren Buffett, acquired the Chantilly-based real estate firm last week, according to WTOP. Started up in 1968, Long & Foster had $29 billion in sales in 2016 with about 11,000 real estate agents and more than 230 offices on the East Coast.

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