Kentwood Real Estate has acquired local brokerage Calibrate Real Estate. Six of Calibrate’s agents will join either Kentwood’s commercial or residential teams, based on their primary business focus areas.
“Kentwood’s leadership philosophy mirrors Calibrate’s, and this feels like a natural transition,” says Calibrate founder and CEO Kyle Malnati. “Kentwood has the tools and resources necessary to help our brokers leverage their business, and a commitment to community that mirrors ours.”
This is Kentwood’s second acquisition since 2021 when it acquired Savvy Realty. Kentwood also added a Boulder office this year, as well as more than 30 brokers year-to-date through recruiting activities.
“We’re very focused on retaining our culture of collaboration and excellence at Kentwood with everyone we bring on,” Kentwood CEO Gretchen Rosenberg said. “Kyle and his team will offer a tremendous amount of energy and enthusiasm, and fit well in terms of our commitment to high standards.”
Founded in 2016 by Malnati, Calibrate Real Estate is an award-winning firm that has produced nearly $350 million in sales since 2019.
“Calibrate was founded to fill the gap between what traditional commercial brokerages won’t do – sell residential real estate – and what residential brokerages can’t do, which is to sell or lease commercial real estate,” says Malnati. “Many of Calibrate’s clients assembled a large portfolio of rental properties before they began investing in larger apartment buildings, office buildings and net-leased investments, and we grew with them and their needs along the way. As I determined how best to serve Calibrate’s clients as we look to the future, it was important to align with a brokerage that also believes in the power of diversification and provides a full-service option for their clients regardless of asset class.”
Kentwood produced $2.2 billion in sales volume last year, making it one of the top brokerages in the U.S. for agent productivity. The company currently employs 40 staff members and manages 283 licenses; 243 of those are actively selling brokers, and the rest are licensed employees or team support staff. Kentwood’s commercial arm, Kentwood Commercial Real Estate, has grown from one broker when it was founded in 2018, to eight currently; it will increase to 10 with the Calibrate merger.
“We’re consistently in the top three metro-wide brokerages for agent sales volume and production,” Rosenberg said. “Our brokers are experienced professionals who know how to flourish and help guide their clients through any market in all business segments. This acquisition will only strengthen Kentwood’s resources and services.”
Kentwood is currently exploring additional expansion opportunities along the Front Range, with the Colorado Springs market as the next natural progression.