Keller Williams Preferred Properties (KWPP) found their hub in the heart of gorgeous Prince George’s County in Largo, Maryland. The realtor professionals serve clients all over the DC Metropolitan area while based in the county. “FSC First was one of the finance entities that helped us be able to purchase the building,” said Patricia Long, the location’s active Interim Team Leader/Broker.
Referred by FSC’s Board of Director’s Chair Kenneth White, we were able to provide $1,120,000 in direct financing to this business by utilizing the VLT, EDI, and BEF Funds which assisted in purchasing the entire office building on McCormick Drive. The veteran-owned business now has the ability to be a “one stop shop” for their clients. “We have lender partners that are here in the building and we have mortgage partners,” said Long. These partners work alongside the agents in order to assist the company in running smoothly.
KWPP started in 2004 and was originally located in Upper Marlboro, MD. The firm started with 28 agents. To accommodate the firm’s growth, KWPP moved to its present location in 2017. In 2018 it had 558 agents, and had closed over $1 Billion in sales. This caused it to be ranked #30 in profit out of all 825 Keller Williams franchises. The primary focus of the firm is real estate sales in the Suburban Maryland and DC markets. While there is significant competition in that marketplace (including another 16 Keller Williams franchises), KWPP is the number one real estate office in Prince George’s County, outpacing its nearest competitor in sales. Management attributes its position in the market to implementation of Keller Williams’ business systems; insight of ownership; and the recruitment of top agents.
Equipped with a full shower, a gym, and even a prayer room, Keller Williams, “Wanted to make it a place where any customer or client or anyone that comes into [the] space, would know that we care just from walking into the space,” proclaimed Long. We were happy to assist this company in transforming more than a 15,000 sq. ft. office space into a workable environment and a haven.
This business has created over 15 new jobs, has broadened the commercial tax base, promotes economic growth in the industry, and supports minority owned businesses.
In March 2020, Emerick Peace and Patricia Long supported FSC First in a senate hearing in which Shelly M. Gross-Wade, President & CEO of FSC First, introduced the KWPP story to persuade the Maryland General Assembly to support the Governor’s Fiscal Year 21 budget which included a new $17 Million in funding for the VLT programs in Maryland.