The rapidly expanding Texas real estate brokerage @properties Lone Star Christie’s International Real Estate is opening a Fort Worth branch. The company recently appointed Michael Hoover, a former leader at Monument and Sotheby’s offices, as the regional vice president to oversee brokerage operations for the new location.
This marks the third establishment in Dallas-Fort Worth for the luxury-oriented real estate company, which is owned and operated by Jerry Mooty Jr., nephew of Jerry Jones.
The newly established office, at 3100 W. 7th in Fort Worth’s West Seventh Street District, will begin operations with a team of 20 agents. It will cater to the areas west of I-35, encompassing the luxury markets of Southlake, Northlake, Westlake and Lake Granbury. Hoover aims to expand the office to encompass 50 agents in 90 days.
“Michael is a broker’s broker. 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,” said Mooty in an official statement. “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.”
The office will cater to various property types and price ranges, but it is particularly well-prepared to cater to the luxury market. Hoover notes that the founding agents boast an average transaction price of $800,000, positioning them adeptly within the luxury segment.
Since its flagship office opened three years ago, the company consistently doubled its annual agent count, achieving a sales volume exceeding $250 million in 2023. It expanded with a Frisco office in late 2022 and ventured into Austin last autumn, swiftly attracting top producers in that market. In early 2024, Christie’s International Real Estate introduced its sports and entertainment division, tailored for athletes, entertainers and other high-profile individuals.
Shortly after, it unveiled its development services division, providing a comprehensive range of development-marketing services. Mooty stated that Lone Star's objective is to attain $1 billion in annual sales by 2025.
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