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Some may have noticed while driving up Highway 62, where Gilbert Realty Group’s sign normally sits, has been replaced by a new one. This week, ERA Doty Real Estate has announced its acquisition of the 54-year-old real estate firm.
According to Steve Doty, broker and owner of ERA Doty Real Estate, the combined company is now comprised of six offices and 160 agents who were responsible for $322 million in sales volume in 2022.
With roots dating back to 1969, Gilbert Realty Group served the Ozarks and Twin Lakes area. The firm’s 20-plus agents will now serve clients as part of ERA Doty Real Estate. Gilbert Realty Group’s owner Joan Gilbert has assumed the role of executive broker.
“As I looked for a way to fuel future growth for our firm, I was struck by Steve’s unique collaborative culture which was very high touch,” explained Joan Gilbert, owner and principal broker of Gilbert Realty Group. “This was complemented by a comprehensive technology platform that could best be called high-tech. This combination along with a commitment to inclusiveness and service to community really resonated with me and will bring incredible value to the team that we didn’t have access to as an independent firm. I am confident that we are in great hands under Steve’s proven leadership, and that he will ensure the continued success for our team here in God’s Country. We are thrilled to be part of the ERA Doty Real Estate family.”
This is Doty’s fourth acquisition since starting the brokerage in the early 2000s, when it consisted of one office and 11 agents. His first acquisition was a company in Flippin, Arkansas, which is close to where he grew up. His second acquisition in 2016, was his biggest competitor in Jonesboro Fred Dacus Associates and his most recent deal in 2020, involved partnering with another ERA Real Estate broker in Texas to co-acquire ERA TEAM Real Estate in Conway, Arkansas.
“Bringing Joan and her team into our company is the culmination of a childhood dream for me,” said Doty. “I grew up fishing on Bull Shoals Lake and Lake Norfork and dreamed of owning one of the beautiful lakefront homes. As an adult, I was lucky enough to buy one and have come to treasure the time I spend in this beautiful place. To be in a position to help people from Arkansas and the Midwest fulfill their dreams of retiring here or owning a second home in the region is so fulfilling. We’re also in a great position to further expand the company’s reach into Branson and Springfield, Missouri.”
With this acquisition, ERA Doty Real Estate services 80 percent of Arkansas’ counties, with coverage in Jonesboro, Paragould, Monette, Harrisburg, Bay, Trumann, Bono, Brookland, Mountain Home, Henderson, Gamailel, Magnolia, Midway, Lakeview, Flippin, Yellville, Gassville, Bull Shoals, Bull Shoals Lake, Oakland, Norfolk, Lake Norfolk, Pine Bluff, Texerkana, Warren, Big Flat, Briarcliff, White River, Conway, White River and Hot Springs.
The company’s expanded service area in south central Missouri includes Gainesville, Mansfield, Fordland and Ava.
For more information, please visit ERA Doty Real Estate.
