Arlington's 'Hometown Real Estate Company' Acquired

ARLINGTON, MA — Gibson Sotheby's International Realty has expanded into Arlington with the acquisition of Bowes Real Estate, strengthening the broker's foothold in the suburbs west of Boston. The acquisition adds over 40 sales professionals and one office to Gibson Sotheby's International Realty's network of associates.

The firm's second acquisition in 2020, the union marks the 23td office for Gibson Sotheby's International Realty, which acquired MetroWest real estate brokerage Benoit Mizner Simon & Co. in January.

Known as "Arlington's Hometown Real Estate Company," Bowes Real Estate was established in
1945 in and has long been Arlington's market share leader. Now in its 76th
business year, the firm specializes in residential sales in Arlington, Belmont, Cambridge,
Lexington, Medford, Somerville, Watertown, Winchester and Woburn, consistently earning a
99.5 percent customer satisfaction rating.

Part of the Real Living Real Estate franchise network, the firm took top honors in the 2019 QE Awards, which recognizes the top real estate offices in service quality and customer satisfaction by independent evaluator, Quality Service Certification, Inc.

"Real estate players are facing an environment that requires them to focus on value-creation to
remain competitive," Larry Rideout, chairman and co-owner of Gibson Sotheby’s
International Realty, said in a statement. "Our firms have been leaders in their communities since their inceptions, and our complementary expertise will enable us to better serve our clientele. I look forward to continuing our growth trajectory and further strengthening our competitive differentiation."

Bowes Real Estate associates will adopt Gibson Sotheby's tools, including innovative and strategic marketing programs, exclusive media partnerships, a global referral network, an exclusive technology suite, and access to a worldwide referral network spanning 72 countries and territories.

"Joining Gibson Sotheby’s International Realty is a natural fit for our company," Robert
Bowes, president and owner of Bowes Real Estate, who will remain at the Arlington office, said in a statement. "In addition to our shared core values, this expansion of talent and geographical
reach will greatly benefit our team, as will the firm’s investment in digital sales processes that
will put our associates and their clients well ahead of the curve."

The real estate professionals at Gibson Sotheby’s International Realty believe that luxury is not a
price point, but rather a level of service, offering all buyers and sellers a suite of exclusive
services designed to provide value at every stage.