Partners Trust Real Estate Brokerage & Acquisitions in Beverly Hills announced on Thursday it has purchased Arete Estates, a Malibu firm specializing in high-end real estate.
The purchase price was not disclosed. Partners Trust was founded in 2009 by a five-person partnership. The company has some 200 associates and annual sales of greater than $1.7 billion.
Arete Estates’ nine employees will join the bigger firm and Arete will take the Partners Trust name.
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