Corcoran Group announced its global debut with the launch of its newest franchisee, Corcoran BVI, located in the British Virgin Islands.
The announcement made by Pamela Liebman, president and CEO of The Corcoran Group, marks the one-year anniversary of the firm’s affiliate program – launched just over one year ago this month – and Corcoran’s first franchise based outside of the United States.
The creation of Corcoran BVI adds a Caribbean presence to Corcoran’s affiliate network with the addition of this top secondary and vacation home market.
As buyers are eager to invest in second homes, and with some choosing to make their vacation home a primary residence, Corcoran believes the start of 2021 is ideal and a natural fit for increased expansion.
“The British Virgin Islands are some of the most beautiful in the world, and I’m thrilled that we are ushering in this next phase of our collective growth with Corcoran BVI as our first global affiliate,” said Liebman.
“The islands’ unique positioning attracts clients from around the world who are looking for a true oasis, and expanding our reach to another established second-home market will continue to create exponential opportunities for our network of agents and clients alike.”
Corcoran BVI serves Oil Nut Bay in the North Sound of the British Virgin Islands. It is led by chairman David V. Johnson, whose career in real estate began more than 30 years ago and includes the founding of a brokerage in Bay Harbor, Michigan. The firm will officially open its doors as Corcoran BVI on Thursday, February 25, 2021.
“Corcoran has been a leading real estate brand for nearly 50 years and we are excited to be their first global franchisee,” said Johnson.
“We knew aligning with Corcoran was the right choice because of its leading market position, the synergy between our lifestyle brands and their spectacular leadership. We look forward to a long and mutually beneficial partnership.”
Since first announcing its intention to being franchising in 2018, Corcoran has opened nine franchises in the US.