Illustrated Properties acquires Jupiter Hills Village Realty

The purchase brings 10 agents to Illustrated

Feb.February 10, 2020 08:45 AM

Steve Reibel and Mike Pappas

The Keyes family of companies just got a little bigger.

Keyes’ Illustrated Properties closed on the acquisition of Jupiter Hills Village Realty, a 10-agent firm in Tequesta, just north of Palm Beach County.

Mike Pappas, president and CEO of Keyes, said that Illustrated will keep the Jupiter Hills Village Realty name, phone number and website. Broker/owner Frank Todd is among the 10 agents joining Illustrated.

Illustrated Properties has had an office in the community, called Lost Tree Realty, since before Keyes acquired Illustrated in 2016, said Steve Reibel, senior vice president at Keyes. Denice Sexton leads Lost Tree Realty.

Reibel said the average home sale in the Jupiter Hills golf course community, averaged about $850,000 last year, with some homes selling for more than $1 million.

Todd has been a broker in the neighborhood since the development was first built in the 1990s, Reibel said. Jupiter Hills Village Realty agents will work out of the Lost Tree Realty office, and Illustrated plans to revamp the website.

Reibel said that Keyes is looking to make more acquisitions in markets like Jupiter, Wellington, Fort Pierce, Palm Beach County and throughout South Florida. He declined to disclose terms of the deal with Todd.

In May of last year, Keyes brought on the Fort Lauderdale-based Coloney Group, a 30-agent group that was previously affiliated with RelatedISG International Realty.

In 2018, Keyes acquired Rickenback Realty in Key Biscayne, the Palm Beach County Realty Group of Boynton Beach and the Realty Pros, also in Boynton Beach.

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