Real Estate Mega-Deal: Libby Kirwin Real Estate acquires residential real estate

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Thursday June 10, 2021

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Sally Lapides of Residential Real Estate. Photo: GoLocal

Residential Properties Ltd., Rhode Island’s leading real estate company, has acquired Libby Kirwin Real Estate – a deal that will shake up the Rhode Island real estate industry.

The transaction will add a new office to Residential at 418 Spring Street, Newport, and expand seven local real estate professionals who operate from the location, including broker associate Libby Kirwin.

VIDEO: Watch Lapides talk about the RI real estate market after the ribbon below was cut

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“Libby built a strong and respected company in Newport and wanted to take their business to the next level,” said Lapides. “Residential real estate has been the number one residential property sales in Rhode Island for over a decade, breaking the billion dollar mark last year. With the addition of Libby Kirwin Real Estate to our 250+ power brokers, RPL will rapidly expand its presence in Newport, Portsmouth, Little Compton and Jamestown. “

The Rhode Island real estate market is scorching hot – the average price for a single family home in Rhode Island rose 18% year over year, according to April numbers. Rhode Island Secretary of Commerce Stefan Pryor was present when the ribbon was cut Thursday.

Since opening the first office in 1981, Residential Properties Ltd. developed into the largest and most successful independent real estate agent in the state. The company was recently added to the REAL Trends 2021 list of the 500 most successful real estate companies across the country. It now has over 250 agents and a total of eight office locations.

Libby Kirwin Real Estate (LKRE) has been a leading Newport boutique firm since 2010. Libby and her team are deeply rooted on Aquidneck Island.

“I realized that my company was of the size and capacity that it is important to partner up with a larger company that is not on Aquidneck Island to be able to grow and be competitive. Residential property was the perfect solution. I was very impressed with Sally’s reputation and wanted a women-run company as the direction for Libby Kirwin Real Estate, ”said Kirwin.

Meet the team – UNDER VIDEO

Joseph Costa

With a bachelor’s degree in business and sociology from Providence College, Joe hit the road and built a successful business by the age of 25. Since then he has worked in sales, marketing and management functions in technology startups and in management consulting. He has bought, renovated and sold 14 luxury properties across the east coast.

Pawler Garrahan

Pawler is a seasoned Newport Realtor® who has also worked in Narragansett. Before returning to Rhode Island, she gained invaluable work experience with CBS Morning News, Morgan Stanley in institutional sales and as an executive recruiter.

Brian Govednik

Brian graduated from the University of Rhode Island with a degree in mechanical engineering where he was a member of the sailing and skiing team. He is a lifelong resident of Bristol which gives him an extensive knowledge of the East Bay and its real estate processes.

Sarah Kirwin-Brady

Sarah is originally from Aquidneck Island and began working as an office administrator and personal assistant to her cousin Libby in 2010. In 2012 she acquired her license and changed to the role of Realtor® at Libby Kirwin Real Estate.

Samantha Tobin

Sam loves life on the coast and calls Aquidneck Island home. When she bought her first home in Newport, she knew she was aiming for a career in real estate. Sam brings her negotiating skills, analytical skills and understanding of relocation to her clients.

Kathleen Wilson

With a previous 18 year career as a high school advisor, Kathleen decided to take on challenges and change during the pandemic to become a real estate agent. Her additional 20 years of hospitality experience and long residency in Newport brings RPL important connections within the Rhode Island communities.

Marisa Ferris

Marisa has been a licensed Realtor® for 10 years and a high performing realtor at Residential Properties. As a native Rhode Islander with extensive local knowledge, her professionalism and tenacity lead her customers consistently to success.

Libby Kirwin, Broker Attorney

Born and raised in Newport, Libby has been successful in the real estate industry for over 28 years by staying one step ahead. She is also the Lead Design Consultant at Libby Kirwin Renovation & Design Consulting, which was founded in 2012.

About Residential Real Estate Ltd.

Residential Properties Ltd. is the largest privately held real estate company in Rhode Island, and has served sellers and buyers of distinctive properties through service, innovation and sheer hard work since 1981. With eight local offices in Barrington, Cumberland, East Greenwich, Narragansett, Newport, Providence, the West Side (PVD) and Westport, Massachusetts, the company serves all of Rhode Island, the Connecticut coast, and southeastern and central Massachusetts. In addition, the RPL Relocation Department supports buyers and sellers with transactions across the country, while an office in London, England extends RPL’s international presence. More information is available online at ResidentialProperties.com.

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