PenFed Maps Big Expansion For Its PenFed Realty

Register now

ALEXANDRIA, Va. – Pentagon FCU said it plans to open at least 10 additional offices, boosting employment to as many as 1,000 agents, for its PenFed Realty CUSO by year-end.

Over the past few years, PenFed Realty has increased its presence in multiple states by testing a model in which it offers clients a 1% rebate on all buyer transactions, and a 5% listing commissions to sellers while providing them a full-service REALTOR experience.

PenFed Realty, which operates five offices with 175 agents, plans to open four offices in Woodbridge and Fort Belvoir, Va., this spring, as well as Potomac and Fort Meade, Md. Another two offices in Alexandria and McLean, Va., will follow later in the year. Additionally, two new office locations are slated to be added in the San Antonio area and several in the California market during the latter half of the year.

The new offices will serve members of the public, as well as members of the $15 billion credit union.


For reprint and licensing requests for this article, click here.