Real estate brokerage buys local peer, extends reach toward the Bay
December 11, 2020
Doug Dorsey, center, with SRMF’s Scott Ruth, Mahood Fonville, Scott Shaheen and John Martin, from left, outside Select Properties’ Irvington office.
(McClure Images)
Expanding its footprint into river country, a homegrown residential real estate brokerage has picked up a local peer in a deal that adds its fourth office in as many years.
Shaheen, Ruth, Martin & Fonville Real Estate has purchased Select Properties of Virginia, a 21-agent brokerage led by Doug Dorsey with offices in Richmond and the Northern Neck.
The deal, which includes Select’s office in Irvington, closed Wednesday. SRMF’s Scott Shaheen said terms are confidential.