Warren Buffett Purchases Dallas Real Estate Firm

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Warren Buffett recently bought Allie Beth Allman & Associates, a real estate firm in Dallas which specializes in luxury properties.

“Allie Beth Allman & Associates is a strong company with an exceptional reputation in a growth market,” said Ron Peltier, chairman and CEO of HomeServices of America Inc., an affiliate of Buffett’s firm Berkshire Hathaway. “This transaction aligns with our vision of acquiring distinguished companies in leading markets that share our core values.”

Found in 2003, Allie Beth Allman & Associates had $1.5 billion in sales last year.

Image via Flickr/Fortune Live Media

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