Think Realty has acquired Community Buying Group.
The purchase allows Think Realty to continue growing the benefits it offers to its membership base. Community Buying Group affiliates and members will transition to Think Realty in early September. New national building material retailers, suppliers, and discounts are planned for introduction to Think Realty members post-integration. CBG president, Ben Rao, will stay on in an executive capacity within Think Realty.
CBG was founded in 2012 and reaches 60,000 investors through more than 350 real estate investor associations and organizations. It connects real estate investors to significant savings at Sherwin-Williams Paints, Sunbelt Rentals, and more than 20 other national retailers. Its members were responsible for $100 million in supplier spending in 2016.
“It’s important for real estate investors to keep costs in check, and the benefits we provide help do just that,” said Eddie Wilson, President of Think Realty and Affinity Worldwide. “It’s one more way we can add value for Think Realty members.”
“This acquisition will give us more resources to better serve members. It’s great being involved with a forward-thinking company like Think Realty,” said Rao. “We have three new retail and supplier partners under contract focused on savings for building materials, so stay tuned for these exciting announcements regarding new benefits that are ready to be rolled out.”