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]
La Rosa Property Management Announces Intent to Acquire Celebration Corporate Center LLC Along with its Commercial Real Estate