D’Aprile Joins Coldwell Banker Real Estate Group

Chicago-based D’Aprile Properties will join Coldwell Banker Real Estate Group in the new year as part of a deal that closed Wednesday.

D’Aprile CEO and founder Ryan D’Aprile confirmed the news to The Real Deal, saying he had long been approached with acquisition offers. He said he did thedeal with Coldwell Banker Real Estate Group based on the reach and executive leadership under Mike Prodehl, president of the regional affiliate of the larger Coldwell Banker brand.

The affiliate covers Illinois, Michigan, Indiana and Wisconsin. It is the largest Coldwell Banker franchise affiliate in the U.S.

“The global infrastructure that they have, I couldn’t hold us, our agents, back from that,” D’April said. “This is the right move for all of us together.”

D’Aprile has offices all throughout Chicagoland, as well as vacation communities such as Lake Geneva in Wisconsin. Ryan D’Aprile said his company did over $1.2 billion in business last year.

The news comes at a pivotal time for both the affiliate and parent brand.

Ryan Gorman, the CEO of the Coldwell Banker nationally, is leaving the company, The Real Deal reported earlier this month. The firm’s agents collectively brokered $11.5 billion in sales volume in 2021, across over 10,000 transactions, according to Real Trends.

D’Aprile Properties has faced an eventful year, with the Chicago company brokering the second-priciest residential sale of all-time in Lake Geneva., short of only the mansion sold earlier this year right next door.

A more than century-old lakefront home, known as Villa Hortensia, changed hands for $17 million. Wendy Murphy of D’Aprile properties handled the transaction on behalf of the buyers.

The company is also being sued by marketing firm Xpressdocs over an allegedly unpaid $317,000 bill.

Texas-based Xpressdocs filed suit in September against D’Aprile Properties and D’Aprile himself in federal court, alleging the real estate firm has refused to pay Xpressdocs for its work. D’Aprile told The Real Deal at the time that the two companies had a dispute and are resolving the matter.