CHICAGO (July 14, 2016) — Related Realty, the residential brokerage division of Related Midwest, today announced the promotion of Patrick Ryan to senior vice president of the Chicago-based firm. In his new position, Ryan, who joined Related Realty in 2014, will lead broker recruitment, training and retention efforts while overseeing the day-to-day operations of the full-service brokerage as it expands its presence in Chicago’s most sought-after neighborhoods.
“We have one of the most experienced and professional teams in Chicago – small by design and composed of only the most accomplished and seasoned real estate brokers,” said Curt Bailey, president of Related Midwest. “When the time came to appoint a Senior Vice President, we looked first at our own roster and identified Patrick as a natural leader. I am confident his extensive sales experience and vast connections in the industry will be a tremendous asset as we strategically grow our business while maintaining the outstanding service that has made Related Realty Chicago’s premier boutique residential brokerage.”
A veteran broker with career sales exceeding $200 million, Ryan joined Related Realty in 2014 after spending 10 years at @properties. He has received the Top Producer Award from the Chicago Association of REALTORS each year since 2006, and in 2015, was honored with the Outstanding Achievement Award by the Institute of Luxury Home Marketing, among other industry accolades. He holds a bachelor’s degree in economics from Indiana University and is a Certified Negotiation Expert (CNE), Accredited Buyer’s Representative (ABR) and Certified Residential Specialist (CRS), a designation that only 3 percent of Realtors worldwide hold.
“My familiarity with Related Realty and all of the resources our firm offers as part of Related’s global, multibillion-dollar platform will allow me to hit the ground running in this new leadership role,” said Ryan. “As our recent expansion into Bucktown shows, our data-driven approach and unparalleled level of service – delivered to both clients and the brokers who serve them – has helped Related Realty become the go-to brokerage for discerning buyers and sellers who realize our ability to maximize the value of their investment.”
Since launching in 2013, Related Realty has attracted some of the city’s most reputable and prolific brokers, who average more than 10 years of experience and whose sales volume averages more than twice that of competing brokerages. The firm’s collaborative culture – Related Realty boasts a staff-to-agent ratio of 1-6 – allows brokers to allocate more of their time to the client, helping them determine the optimal list or offer price and deliver customized marketing strategies that achieve desired results. Related Realty clients also benefit from the firm’s status as the exclusive Chicago affiliate of Leverage Global Partners, an international network of independent luxury brokerages that serves the relocation needs of buyers and sellers in more than 160 markets.
Headquartered in River North, Related Realty opened a second office last fall, located along The 606 in Chicago’s Bucktown neighborhood, to better serve its growing residential resale business across the city’s diverse communities.
About Related Realty
Related Realty, the residential brokerage division of Related Midwest, is an affiliate of The Related Companies, the most prominent privately-owned real estate firm in the United States. A full-service brokerage that is home to Chicago’s top-producing agents, Related Realty strives to uphold Related’s reputation for excellence, building on the company’s 40-year history as a global lifestyle firm defined by innovation in all aspects of design, development, service and wellness. The expertise of Related Realty’s agents, along with the firm’s industry-leading standards and deep knowledge of the Chicago market, allow Related Realty to deliver unparalleled service throughout all stages of the transaction, ensuring the highest level of client satisfaction.