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Exit Realty Nexus Announces Merger

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EXIT REALTY NEXUS announces merger with EXIT PANKONIN REALTY. Merger expands services to more commercial and investor real estate opportunities in Minnesota and across the United States.

EXIT REALTY NEXUS announces merger with EXIT PANKONIN REALTY. Merger expands services to more commercial and investor real estate opportunities in Minnesota and across the United States.

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  • 1. FOR IMMEDIATE RELEASE Contact: Karen Tobler Office Manager EXIT REALTY NEXUS 763-548-1400 ktobler@exitrealtynexus.com EXIT REALTY NEXUS ANNOUNCES MERGER Minneapolis/St. Paul, MN (Grassroots Newswire) February 5, 2010 -- Frank D’Angelo, Broker and owner of EXIT REALTY NEXUS proudly announced that EXIT REALTY NEXUS continues to grow and now had increased its real estate services through a merger with EXIT PANKONIN REALTY of Lakeville, Minnesota. The agents at EXIT PANKONIN REALTY and its owner Bill Pankonin, also Regional Owner of EXIT REALTY IOWA and NEBRASKA, have a history of success. The agents merging under the EXIT REALTY NEXUS umbrella will bring additional expertise in the fields of commercial real estate as well as investor opportunities, not only in Minnesota but throughout the United States. One of the reasons the PANKONIN team was attracted to join forces with EXIT REALTY NEXUS was because of the powerful technological resources available to syndicate large portfolios of commercial real estate nationwide. “We are excited about being able to network between two strong specialties of commercial investments and the residential and bank owned opportunities to offer even more to our clients,” explains Mr. D’Angelo. EXIT REALTY NEXUS has transitioned over the last few years into helping represent local and national banks with residential real estate. This merger will allow for the group to do the same in helping local and national institutions as well as investors with the growing commercial inventory. With vacancy percentages ranging from 11.6% to 31.3% in the Twin Cities metropolitan submarkets, according to the 2010 Annual Report from Minnesota Commercial Association of REALTORS ®, a growing number of commercial owners are finding themselves in foreclosure situations and the financial institutions with new assets on their books. EXIT REALTY NEXUS is now poised to be a leading resource to assist those needing innovative, commercial and residential real estate related options. EXIT REALTY NEXUS prides itself on its training and technological series offered to their agents and clients locally, regionally, and nationally. To learn more about the team, visit www.exitrealtynexus.com or stop into their Coon Rapids or Lakeville offices. For more information about EXIT REALTY NEXUS, please call 763-548-1400. EXIT REALTY NEXUS is located at 2143 Northdale Boulevard North West in Coon Rapids, Minnesota. ###