DALLAS Pentagon FCU yesterday announced its wholly owned PenFed Realty has acquired AHK Realty, Inc., doing business as Prudential Texas Properties, a Dallas-based real estate firm that is the fifth Prudential realty operation acquired by the credit union giant.
Under the deal, Rick Wylie will continue to head the Dallas office and the Prudential Texas Properties name will remain.
The acquisition follows recent PenFed deals for Prudential Dinning-Beard Realtors in Wichita, Kan., Pensacola, Fla.-based Prudential Coastal Properties, Prudential Carruthers Realtors in Washington, D.C., and Prudential Professional Realty in Tennessee, as well as Exit Slater Realtors in San Antonio.
PenFed Realty, created by the nation’s third-largest credit union in 2006, now has annual sales volume of more than $2 billion, serving both PenFed members and the general public. It has more than 47 offices and more than 1,400 sales professionals, covering the Maryland, Northern Virginia, West Virginia, Pennsylvania, Delaware and Washington, D.C. markets, as well as Tennessee, Kentucky, North Carolina, Texas, Kansas, and Florida.
Financial terms of the deal were not disclosed.
