Investment firm buys Realty Executives Phoenix

KineticThe Arizona Republic’s Catherine Reagor reported Thursday the investment firm Kinetic Cos. Has purchased Realty Executives Phoenix, one of the Valley’s largest residential brokerages.

The deal merges Realty Executives’ metro Phoenix, Tucson and Yuma operations. The brokerage has 12 offices in the Valley.

Over the past few years, Realty Executives Phoenix has been involved in legal battles with its former president, John Foltz, who won a $2.2 million award earlier this year.

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