Foresite Commercial Real Estate has acquired the leasing, sales and management portfolio of Investment Realty Company. Founded in 1975, IRC is one of the longest serving commercial real estate companies in San Antonio. The addition strengthens Foresite’s leadership position in the commercial real estate industry and adds experienced team members to its roster during a challenging time of attracting talent.

“We are very proud of IRC’s long history and legacy in the San Antonio commercial real estate market,” said Stephen Raub, President of IRC. “We’ve worked hard to earn the trust and respect of our clients over the years. Now, we are very excited to start a new chapter by merging our IRC Team with Foresite’s exceptional company.” 

Raub said he is confident that Foresite will continue this level of service and believes in the company’s dedication to its clients

Property Management

Nancy Braun, Foresite’s Director of Property Management, said she is excited to be adding IRC’s property management portfolio.

“We’re acquiring properties that have been under ownership for a very long time and have a solid relationship with IRC,” Braun said. “And now, they have entrusted us to handle their assets.”

Braun said adding skilled staff members will allow her team to meet the demand of assignments coming into Foresite’s growing portfolio.

Company Culture

Chad Knibbe, President of Foresite, said the acquisition goes beyond assignments and financial metrics.

“We are looking at long term growth and that occurs with quality people,” Knibbe said. “We were attracted to the passion of the IRC team and devotion to their clients. Our company culture is our biggest asset and these individuals will add value to our team and our clients.”

Notes

Foresite Commercial Real Estate is a full-service brokerage provider of property management, leasing and investment sales and is led by Chad Knibbe and Bethany Babcock. Foresite has grown to a team of 25 members and represents more than 80 assignments. To learn more, visit www.foresitecre.com.

IRC has been serving commercial real estate clients in San Antonio since 1975 and formed more than 80 partnerships. Investment Realty Company will go back to its roots as an investment company and land brokerage. President Steve Raub will continue to operate the company’s investment division and related entities.