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Fast-growing Texas real estate brokerage @properties lone star Christie’s International Real Estate is expanding into Fort Worth.
Via LinkedIn
Michael Hoover
Michael Hoover, formerly of Monument and Sotheby’s, has been brought on as regional vice president to run brokerage operations for the new office at 3100 W. Seventh.
The Fort Worth office will launch with a team of 20 agents and will serve the west side of Interstate 35, including the burgeoning luxury markets of Southlake, Northlake, Westlake and Lake Granbury.
Hoover plans to grow the office to 50 agents within 90 days, according to a press release.
The Fort Worth base marks the third office in the Dallas-Fort Worth for the luxury-focused real estate firm owned and operated by Jerry Mooty Jr.
"Michael is a broker's broker,” said Mooty in a statement. “He knows what it takes to sell just about any type of property in any market, he knows how to grow a brokerage business; and he knows the tools, training and support that agents need to be successful - and specifically to be successful in and around Fort Worth. His leadership, along with Christie’s International Real Estate’s unparalleled luxury affiliate network and best-in-class brokerage tech, will raise the bar for real estate in this market.”
Mooty is the nephew of Jerry Jones, owner and president of the Dallas Cowboys of the National Football League.
Christie's International
Jerry Mooty
Mooty launched the @properties Christie's first Texas franchise in Dallas in 2021. The brokerage moved into its headquarters in Highland Park in the summer 2022 and opened its Frisco office in the spring of 2023. The Austin office followed in the fall of 2023.
Since opening its flagship office, the company has doubled its agent count each year, reaching sales volume of more than $250 million in 2023.
Early in 2024, @properties lone star Christie’s International Real Estate launched its Sports and Entertainment Division, catering to athletes, entertainers and other high-profile individuals, and, shortly thereafter, unveiled its Development Services Division, offering a full range of development-marketing capabilities.
Mooty said lone star’s goal is to reach $1 billion in annual sales in 2025.
Under Hoover’s leadership, Monument’s Fort Worth branch grew from a startup to more than 150 agents and $350 million in sales in just two years.
A fixture in the local real estate community for nearly 30 years, Hoover has extensive expertise in new home sales and development, relocation, farm and ranch sales, and waterfront properties throughout the Fort Worth area, including Tarrant, Hood, Parker, Erath, Palo Pinto, and Wise counties.
“Getting to know Jerry, I was incredibly impressed with [the firm’s] emphasis on culture, innovation, and client service,” Hoover said. “Those elements, along with the industry-leading resources and reputation of Christie’s International Real Estate, made this move an easy choice. With the growth of the luxury market in Fort Worth, now is the perfect time to introduce this prestigious brand.”
The office will serve a wide range of property types and price points but is already well-equipped to handle the luxury segment with a team of founding agents that, according to Hoover, has an average transaction price of $800,000.
The Christie’s International Real Estate network has affiliates in nearly 50 countries and territories.