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Long & Foster

From Wikipedia, the free encyclopedia
The Long & Foster Companies
TypeSubsidiary
IndustryReal estate
FoundedMay 22, 1968; 58 years ago (1968-05-22), in Fairfax, Virginia, U.S.
Headquarters3975 Fair Ridge Drive
Fairfax, Virginia, U.S.
Area served
Mid-Atlantic and Northeast regions
Key people
Patrick Bain (CEO and president)
ParentHomeServices of America
Websitewww.longandfoster.com

Long & Foster Real Estate is part of The Long & Foster Companies, a subsidiary of HomeServices of America. HomeServices is one of the nation’s largest real estate brokerages and providers of integrated real estate services.

History

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In 1968, P. Wesley "Wes" Foster Jr. co-founded Long & Foster[1] with Henry "Hank" Long. Long & Foster began with Foster handling the residential real estate arm of the business and Long handling the commercial side. Foster became the sole owner in July 1979, 11 years after establishing Long & Foster. Foster is the chief executive officer and chairman. Foster began his real estate career in 1963 as a sales manager at Minchew Corporation, a home building company. In 1966, he moved to Nelson Realty as vice president of sales before founding Long & Foster.[2] In March 2023, Wes Foster died.[3]

In March 2023, Patrick Bain was named president and chief executive officer of The Long & Foster Companies, while Jackie Thiel was appointed president of Long & Foster Real Estate.[4]

Overview

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The Long & Foster Companies is the parent company of Long & Foster Real Estate, Prosperity Home Mortgage, LLC, Long & Foster Insurance, and Mid-States Title, as well as HomeServices Property Management, Insight Home Inspections, Long & Foster Vacation Rentals and Long & Foster Corporate Real Estate Services.

Long & Foster Real Estate is a member of Forbes Global Properties, and it is a founding affiliate of Leading Real Estate Companies of the World, a prestigious global network of real estate professionals that includes the Luxury Portfolio International division.

Long & Foster has over 7,000 agents and employees in more than 100 sales offices in the Mid-Atlantic and Northeast regions.[5] It is part of The Long & Foster Companies, a family of businesses in the real estate and financial services industries. In September 2017, Berkshire Hathaway's HomeServices of America bought Long & Foster.[6]

Operations

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Long & Foster has offices and associates in Delaware, Maryland, New Jersey, North Carolina, Pennsylvania, Virginia, Washington, D.C. and, West Virginia. The company has multiple lines of business that support buying, selling and owning real estate including the sale and purchase of residential (existing and new construction) and commercial properties and land; mortgage, title and settlement services, insurance and home warranties, home inspections, moving services, property management, vacation rentals, and corporate real estate services for relocation and business development.

References

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  1. ↑ Fleishman, Sandra (November 19, 2003). "Long & Foster to Change Managers". The Washington Post. Archived from the original on October 23, 2012. Retrieved November 2, 2009.
  2. ↑ "Long & Foster Celebrates the Life of Its Founder—P. Wesley "Wes" Foster, Jr". Long & Foster Newsroom. Retrieved 2025-02-08.
  3. ↑ Langer, Emily (March 18, 2023). "Wes Foster, co-founder of real estate giant Long & Foster, dies at 89". The Washington Post. Retrieved March 18, 2023.
  4. ↑ "New Executive Leadership Appointed to Long & Foster". RISMedia. 15 March 2023. Retrieved 24 June 2026.
  5. ↑ "About Us | Real Estate Company | Long and Foster". Longandfoster.com. Archived from the original on 2016-12-20. Retrieved 2016-12-14.
  6. ↑ "Long & Foster sold to Warren Buffett company". Wtop.com. 7 September 2017. Archived from the original on 21 December 2017. Retrieved 10 December 2017.
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