Richard Flagel Realty has merged with RG Properties
Two of the top commercial real estate firms in the Dayton area have agreed to merge their operations. RG Properties and Richard Flagel Realty have decided to team their management operations to create one powerhouse company.
Richard Flagel Realty, which was founded by its namesake in 1976 and has been a major player in the Dayton region's commercial real estate sector, will be folded under the RG Properties umbrella.
Washington Township-based RG Properties is a privately-held real estate investment, development and asset management company. During its 30-year history, the firm has developed more than 12 million square feet of commercial space throughout Michigan, Indiana, Kentucky and Ohio. The company's most recent high-profile project is Austin Landing, a 142-acre mixed-use development at the newly-opened Austin Pike Interchange at 1-75. The addition of Richard Flagel Realty's operations will add enhanced brokerage, fee-based property management services and in-house maintenance to RG Properties' existing services.
Bo Gunlock, Vice President of Asset Management at RG Properties, will assume leadership of the combined operations. Richard Flagel will remain with the firm, but will be switching his focus to brokerage and sales. All current employees will maintain their employment at the combined operation.
Flagel said he was proud to have attracted interest from a well-respected and well-run firm such as RG Properties.
"This is an exciting opportunity for our employees and our clients," Flagel said. "As I phase down after more than 45 years in the Dayton area real estate market, I can feel confident that RG Properties will be good for all of us. This is the right time for me, and they are the right company."
Gunlock said the merger provides a strong platform to increase RG Properties' visibility in property management and brokerage.
"This merger produces the ideal platform to service the real estate owners in this region," Gunlock said.
Gunlock explained that during the economic downturn, the importance of managing real estate assets in a professional manner, with a strong understanding of the market and the properties, has become more crucial to success than ever.
Gunlock went on to say, "the companies combined provide not only the excellent customer service that is so vital, but also the knowledge of the local market that assures strong occupancy levels and financial performance."
For more information contact:
Mary Beth Reser
937-281-1590
mreser@rgpropeties.com
