Core Insights - La Rosa Holdings Corp. plans to acquire Celebration Corporate Center LLC, which aligns with its strategic growth plan and aims to expand into the commercial real estate sector [1][5] - The company anticipates a 17% year-to-date increase in properties under management, with an expected annual growth rate of approximately 30% [1] - La Rosa aims to achieve an annualized revenue run rate target of $100 million by the end of 2024, with profitability expected in 2025 [1] Company Overview - La Rosa Holdings Corp. operates in the real estate industry, offering agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions [2] - The company provides both residential and commercial real estate brokerage services, leveraging a proprietary technology platform to empower agents and franchisees [2][3] - La Rosa has 22 corporate real estate brokerage offices and branches across Florida, California, Texas, and Georgia, along with 15 franchised offices and two affiliated offices in the U.S. and Puerto Rico [3] Acquisition Details - The acquisition of Celebration Corporate Center LLC will be executed through La Rosa Property Management LLC, which specializes in property management services [5] - Celebration Corporate Center has been operational since 2008, offering full-time offices and virtual office solutions, with 32 full-time offices and 248 virtual offices [6]

Celebration, FL, July 24, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a holding company for five agent-centric, technology-integrated, cloud-based, multiservice real estate segments, today announced that it has entered into a non-binding Letter of Intent to acquire Celebration Corporate Center LLC. The Company expects to acquire this entity through its wholly-owned subsidiary, La Rosa Property Management LLC ("LRPM"). As a result of the acquisition, LRPM will ...

Joe La Rosa, CEO of the Company, commented, "We are thrilled to announce this significant growth in transaction volume and value. This 15% sequential increase in Q2 2024 compared to Q1 2024 is a testament to our strategic initiatives, the hard work of our dedicated team, and an increase in transaction volume due to a significant rise in our agent count. Last month, we achieved a historic milestone and onboarded numerous new agents to the La Rosa team. We believe our success reflects our unique, innovative, ...

Joe La Rosa, CEO of the Company, commented, "We are thrilled to welcome over 200 new agents to the La Rosa family. We believe that this achievement highlights the trust and confidence agents have in our brand and reflects our dedication to providing unparalleled support, resources, and opportunities for real estate professionals. In our view, our impressive growth can be attributed to our unique, innovative, and agent-friendly revenue share model. We believe that this approach disrupts existing revenue shar ...

La Rosa (NASDAQ:LRHC) stock is heading higher on Tuesday after the residential real estate company said it will white label its proprietary artificial intelligence (AI) system, JAEME. JAEME is an AI assistant for real estate agents that was launched in October 2023. Since then, the service has seen a 92.6% increase in utilization since its launch and into March 2024. La Rosa CEO Joe La Rosa said the following about the company's plans for real estate technology and JAEME. "We believe that JAEME is a powerfu ...

Celebration, FL, June 25, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a holding company for five agent-centric, technology-integrated, cloud-based, multiservice real estate segments, today announced that it intends to white label its proprietary artificial intelligence ("AI") system, JAEME. JAEME, part of La Rosa's My Agent Account, was launched in October 2023. It is a real estate AI assistant created to support and inspire real estate agents with personaliz ...

Celebration, FL, June 25, 2024 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a holding company for five agent-centric, technology-integrated, cloud-based, multiservice real estate segments, today announced that it intends to white label its proprietary artificial intelligence ("AI") system, JAEME. JAEME, part of La Rosa's My Agent Account, was launched in October 2023. It is a real estate AI assistant created to support and inspire real estate agents with personaliz ...

Core Viewpoint - La Rosa Holdings Corp. has announced a non-binding Letter of Intent to acquire a controlling interest in Nona Title Agency, enhancing its service offerings and revenue streams in the real estate sector [1][5]. Company Overview - La Rosa Holdings Corp. operates in five agent-centric, technology-integrated, cloud-based, multiservice real estate segments [1]. - The company has 22 corporate real estate brokerage offices and branches in Florida, California, Texas, and Georgia, along with 15 franchised offices and two affiliated offices in the U.S. and Puerto Rico [6]. Acquisition Details - The acquisition of Red Door Title, a full-service escrow settlement and title company, is expected to be finalized by the end of July [8][12]. - This acquisition will enable La Rosa to provide title insurance services, complementing its existing real estate offerings and positioning the company for more comprehensive solutions in the residential property market [8]. Strategic Goals - The CEO of La Rosa Holdings Corp. emphasized that the acquisition aims to broaden service offerings, enhance value for agents and clients, and generate additional revenue streams [5]. - The company plans to layer on additional value-added services through acquisitions or joint ventures to expand its market presence across the U.S. [5]. Business Model - La Rosa's business model includes internal services for agents and external services for the public, covering residential and commercial real estate brokerage, franchising, education, coaching, and property management [6][9]. - The company offers agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions, leveraging its proprietary technology platform [9].

The Company anticipates finalizing the transaction by the end of July. Once complete, the transaction would allow La Rosa to provide title insurance services for home purchases and sales, complementing its existing real estate offerings. Securing title insurance capabilities would position the Company to deliver more comprehensive solutions within the residential property market. The consummation of the acquisition is subject to the parties entering into a definitive acquisition agreement and other related ...

Joe La Rosa, CEO of the Company, commented, "We are thrilled to welcome the Millenian Group and all our new agents to the La Rosa family. Their proven track records and dedication to providing outstanding service align perfectly with our mission to deliver exceptional real estate experiences. We believe that this significant growth of agents is a testament to the strength of our agent-centric, technology-driven approach. We continue to expand our reach and expect to have a further impact in the real estate ...