The Real Deal Miami

Unit of Warren Buffett’s firm buys Lakeland agency

MidFlorida Real Estate Sales now part of HomeServices Florida Properties Group

January 09, 2016 12:15PM

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Warren E. Buffett

Warren E. Buffett

A business unit of Berkshire Hathaway, the financial services giant headed by billionaire Warren E. Buffett, acquired MidFlorida Real Estate Sales in Lakeland.

The acquisition of MidFlorida increases to 19 the number of offices and to 570 the number of agents at HomeServices Florida Properties Group, a unit of Omaha-based Berkshire Hathaway.

Steve Moseley, executive vice president of MidFlorida, told the Lakeland Ledger: “All Realtors and staff members will remain on board and we won’t be closing any offices. The only thing that will change is the name on the door.”

HomeServices Florida focuses on Tampa Bay markets for residential and commercial brokerage and such services as property management, mortgage financing and insurance coverage.

HomeServices Florida operates in Hernando, Hillsborough, Pasco, Pinellas and Polk counties.

Dewey Mitchell, broker of the HomeServices Florida group, told the Lakeland Ledger said the acquisition of MidFlorida Real Estate Sale was an especially timely deal: “This is an important move for us at a pivotal time in the market and reflects a key initiative of ours to expand our market share into Polk and Highland counties.”