Dayton Business Journal Exclusive: Glasshouse Realty Group launches specialty luxury listing division
Click here to read the story in the Dayton Business Journal.
A Dayton real estate brokerage — one of the fastest growing in the region — has solidified its presence in the luxury housing market by launching a new line of business dedicated to high-end properties.
Glasshouse Realty Group, headquartered in the Oregon District, is expanding its real estate brokerage services to include high-end real estate through its new division, Glasshouse Luxury.
The luxury division will provide traditional real estate brokerage services and also offer additional white-glove services, such as staging, financial planning and navigation, moving and contractor vetting services. Kunal Patel, a broker and owner of Glasshouse, described the service as comparable to a concierge service in terms of its level of personalization.
“Your realtor is your partner throughout the whole transaction and all the different stuff that is involved,” Patel said. “There’s a lot more that goes into it than just running a contract and closing on closing day. We handle it 30 days prior to you looking for a home to 30 days after you get the home.”
Glasshouse Luxury launched on Feb. 18 with the closing of its first deal, a $1.95 million property sale in Washington Township.
Glasshouse Luxury listings will be featured on Zillow Showcase, an AI-powered platform that gives listings priority placement in search results and uses interactive visuals to garner more attention. Zillow data shows Showcase listings are 20% more likely to secure an accepted offer within 14 days and sell for 2% more than non-Showcase listings.
Showcase is an exclusive platform, available for only 10% of listings in a given market. Kari Abitbol, VP of communications and marketing for Glasshouse, noted all Glasshouse Luxury listings will be advertised using Zillow Showcase.
In 2024, Glasshouse was the only Dayton area brokerage selected to join Zillow Premier Agent, the company’s exclusive brokerage lead platform. The leads from the program had already brought in $22 million in sales by July 2024 and generated almost $25 million in sales in 2023 alone, Abitbol told the DBJ previously.
The demand for luxury properties in the region is driven by economic growth in the areas between Cincinnati, Dayton and Columbus, including an influx of professionals and upward mobility of existing residents.
Patel also mentioned the affordability and quality of homes in the region compared to other areas, such as the West and East Coasts, also contribute to the demand.
“You get so much home at such a great quality for significantly less than when you would pay on the West Coast or the East Coast, and a lot of those buyers that are coming in … they're excited to have the ability to have that luxury home with land,” Patel said.
The brokerage is familiar with handling expensive property sales in the region: 5.4% of the brokerage’s transactions in 2024 were properties that sold for $500,000 or more.
“We have been in the luxury space for several years, but it was with [Patel] coming on the team last year that it became the right time to formalize the brand and set ourselves apart from the competition,” Abitbol said.
Patel joined the team in 2024 in the midst of a major planned regional expansion that included the opening of four offices in the area, including in Wilmington, Huber Heights, Sidney and Piqua. Glasshouse Realty Group finished 2024 with a 95% increase in year-over-year sales volume and a 57% increase in agent count.
The brokerage also launched its Glasshouse Commercial Division in August.
Glasshouse Realty Group is a full-service real estate brokerage headquartered at 201 E. Sixth St., in the Armory building in downtown Dayton’s Oregon District. The brokerage, founded in 2019, has 220 agents across 10 Ohio locations and, according to DBJ research, is one of Dayton's fastest-growing companies.
From Rising Star to Agent of the Year: Glasshouse announces its 2024 Awards Gala honorees
On February 6, nearly 300 Glasshouse agents and guests gathered at Carillon Historical Park – a Dayton landmark – to celebrate those who contributed record sales and honorable service throughout the real estate market in 2024. Special thanks to our Diamond sponsor, Cornerstone First Mortgage, for making the evening possible and to our trusted partners at Advantage Home Warranty, Landmark Title Agency South, Redwood Insurance Group and Sterling Land Title Agency.
2024 Rising Stars
Emily Skardon
Sandra Bothia Gomez
Meg Kenney
David Hochwalt
Melissa Cleary
Shauna Boeke
Lauren Galdeen
Mileah Roper
Tami Galdeen
Kim Harris
Maria Blake
Elizabeth Cooper
Chrissie Pennington
Emily Freiberger
Terry Mull
James Gray
Missy Sansabrino
Tracey Birri
Rhonda Cox
Travis Wilt
2024 Silver Club
Paige Denlinger
Tracey Birri
Emily Freiberger
Amanda Fife
Danielle Steward
Danielle Chapman
Tom Kretz
Missy Sansabrino
Jim Foster
Terry Mull
Eric Weimer
Kayli Anderson
Sophia Fleckenstein
Angie Chambers
Brooke Bussard
Michelle McBride
Nickie Moreno
Colleen Maiden
Brandon Gonzalez
Michelle Johansen
Julie Harris
Tricia Reynolds
Lori Lyons
Melissa Cleary
Travis Wilt
Allan Konnagan
Maria Blake
Allison North
Sarah Lyons
James Gray
Kim Harris
Mileah Roper
Tonya Thomason
Sarah Treon
Monica Evans
Shari Stover
Annie Zheng
Lorka Munoz-Daugherty
2024 Gold Club
Lisa Goris May
Elizabeth Cooper
Nikki Harris
Chris Uphus
Lilibeth Simon
Tyler Hicks
Casey Hartman
Xanni Burton
Brittany Hall
Tami Galdeen
Terri Johnson
Casey Fisher
Cassie Gutt
Kellan Oxley
Emily Skardon
Fred Seeger
Chrissie Pennington
Stephanie Stepp
2024 President’s Club
Chris Endres
Nicole Peacock
Nikki Loudenback
Brandi Lawson
Shelby MacGregor
Connie Lowery
Deanna O’Diam
Shawn Reese
Megan Reed
Top Producers by Office
Beavercreek: Shelby MacGregor
Centerville: Shawn Reese
Cincinnati: Kellan Oxley
Dayton: Chris Endres
Huber Heights: Colleen Maiden
Patterson: Elizabeth Cooper
Piqua: Brandi Lawson
Sidney: Nikki Loudenback
Springfield: Nikki Harris
Troy: Don Lewis
Wilmington: Xanni Burton
Zillow Flex Team Top Producer
Shawn Reese
Strengthen Your Community Award
Springfield Office
2024 Outstanding Leadership
Elizabeth Cooper
Tyler Hicks
2024 Recruiter of the Year
Xanni Burton
2024 Manager of the Year
Nikki Harris
2024 Team of the Year
Kunal Patel Group
2024 Rookie of the Year
Melissa Cleary
2024 Agent of the Year
Chris Endres
We asked our brokers: What’s ahead in 2025, and is it better to buy or rent?
The end of every year and the start of a new one prompts a collective curiosity about what lies ahead — and the world of real estate is no different.
Glasshouse co-brokers Mo Zahedi and Kunal Patel forecast what to expect with real estate in 2025, from interest rates and market competition to alternative loan options like the Ohio Homebuyer Plus savings program.
They also weigh in on whether it’s better to buy now — or to rent for a while. (Spoiler: the answer is it depends, but buying in the Southwest Ohio market has some serious advantages.)
To watch these videos on YouTube:
Women’s Council of Realtors, Dayton chapter, sees consecutive Glasshouse leadership
Congratulations to Glasshouse agent Lori Lyons, who was installed as president of the 2025 Governing Board for the Women's Council of Realtors (WCR) Dayton chapter!
In the year ahead, Lyons will lead WCR in its “Lift as We Climb” mission to build an inclusive community that empowers women real estate professionals to realize their highest potential. “By lifting each other, we strengthen not only our careers but also the real estate industry as a whole,” said Lyons. “Whether through networking, educational programs, or leadership opportunities, we aim to ensure that no one has to climb alone.”
It was a proud moment for our Glasshouse family to see this important leadership position transition from Elizabeth Cooper, WCR past president and fellow Glasshouse agent.
“It was an honor to serve as the Women’s Council of Realtors president and support our mission of promoting women in leadership,” said Cooper. “The best part of my experience was completely unexpected — creating a life-long bond and friendship with Lori Lyons, our 2025 President. She’s one of the smartest, most amazing humans I know. As an organization we are fortunate to have her leadership and vision.”
We look forward to seeing the impact WCR will have in the year to come!
Dayton REALTORS® recognizes VP of Commercial Real Estate with Commercial Service Award
Congratulations to Tom Kretz, our vice president of commercial real estate, who received the Commercial Service Award from Dayton REALTORS this month. The Commercial Service award program recognizes a Commercial salesperson for going above and beyond in our industry and community to make a difference.
Kretz came to Glasshouse in August 2024 after finalizing the sale of his co-ownership stake in Irongate Inc. Realtors, which is the second largest brokerage in the Dayton area. At Irongate, Kretz developed and managed all aspects of the commercial division, growing the annual commercial real estate transaction volume by a staggering 1,500% in less than three years.
After Kretz joined the team, the Glasshouse Commercial Division closed a $2.3 million sale on a 60-plus-acre slate of land near the Lewis A. Jackson Regional Airport. Read more in the Dayton Business Journal story here.
Glasshouse expands into Greene County and Huber Heights with two new office openings
On October 7, 2024, Glasshouse Realty Group opened its new office space in Beavercreek Township, Ohio. The grand opening event was attended by local dignitaries including the Beavercreek Chamber of Commerce and Mayor of Beavercreek Don Adams. A month later on November 7, Glasshouse also opened the doors to a new office in downtown Huber Heights. These new office locations reflect the brokerage's strategic expansion into markets that have seen steady growth and a rise in homeownership in recent years.
Read the press release here and check out these two behind-the-scenes videos from our new Beavercreek and Huber Heights locations.
Ohio REALTORS profiles Glasshouse broker/owner Kunal Patel
Broker/owner Kunal Patel recently talked with Ohio REALTORS about what inspired him to pursue a career in real estate – and why he’s so passionate about promoting homeownership and all that it entails.
"Real estate isn't just about the physical structure,” said Patel. “It's about the community that you have. It’s an investment that sets a family up for many, many years."
He also shared how his commitment to the community guides his approach to selling real estate across Southwest Ohio.
Read the story here.
Ask a Broker: Is now a good time to buy in the Dayton region?
As we approach the end of the year, many of the factors that influenced the market throughout 2024 – inflation, interest rates and inventory – are likely to carry through into the new year. But does that mean it’s better to wait, or to buy now?
Broker / co-owner Evan Kloth lends his thoughts in a two-part installment of our Ask a Broker series. Evan explains why buyers should heed the adage of "marry the house, date the rate" and why the shortage of available housing poses an important opportunity for investors.
To watch the videos on YouTube:
Part 1:
Part 2:
Two Glasshouse agents elected to Dayton REALTORS® Board
Congratulations to all five newly elected members of Dayton REALTORS® 2025 leadership, especially
Glasshouse broker/owner Kunal Patel, 2025 Treasurer and
Glasshouse agent Elizabeth Cooper, 2025 Director
The future is bright for all Dayton-area realtors with these two at the helm! Thanks to all the area agents who cast their vote. It’s a privilege to serve you.
Ask a Broker: What can we expect with real estate the remainder of this year?
Though there are just two remaining months this calendar year, real estate can and sometimes does change on a dime. So what’s the Q4 outlook for real estate across our region?
We asked broker/owner Kunal Patel to break it down in this quick, informative video:
To watch the video on YouTube: https://youtu.be/cMcY58QtF20
Glasshouse Commercial Division sells $2.3 million deal near regional airport
(Click here to read the story in the Dayton Business Journal.)
60-acre site sold for $2.3 million near regional airport
A 60-plus-acre slate of land near a regional airport closed on a sale this month.
The site at 10 N. Valley Road in Beavercreek Township is located adjacent to the Louis A. Jackson Airport. The sale closed Oct. 2 for $2.35 million to Greene County Ohio Board of County Commissioners.
The sale was led by Tom Kretz, vice president of commercial real estate for Glasshouse Realty Group. The seller was V Family Trust, who owned the property for 20 years as an investment property.
Kretz said the land will provide much-needed space for future growth and expansion of the airport, to support the region as a “nationally recognized and locally treasured regional asset.”
"Given the property's adjacency to the Lewis A. Jackson Regional Airport, while we had several interested buyers ranging from investors to developers, Greene County was the natural best-fit buyer,” Kretz said. "This prime Industrial zoned property is adjacent to the airport runways and essentially landlocked the airport and restricted much-needed expansion.”
Jason Foster, director of development for Greene County, said there is nothing specific planned for the site at this time. The county will see what interest comes over the next several months and then re-evaluate.
Foster called the sale an “opportunity purchase” for the county, to protect the property adjacent to the airport.
“Of course, we're always open to future opportunities, leaning more toward something that would go along with an existing use at the airport, perhaps,” Foster said. “At this point, anything is possible. We’re always going to listen.”
Kretz, a former partner at Irongate Inc. Realtors, joined Glasshouse Realty Group in August. He is spearheading Glasshouse's new commercial division. He will manage a broad book of his own commercial real estate brokerage business and clients while building, mentoring and growing a full-service team of commercial real estate agents.
Glasshouse Realty Group
Revenue 2023: $5.9 million (11.5% average growth from 2020)
Sales volume 2023: $210 million (3.4% increase from 2022’s $203 million)
Local real estate agents: 189
Headquarters: 201 E. Sixth St., in the Armory building in downtown Dayton’s Oregon District
Founded: 2019
Dayton Business Journal: Realty group claims Dayton's youngest fastest-growing company
(Click here if you prefer to read the article in the Dayton Business Journal.)
Dayton’s youngest fastest-growing company is tech-savvy brokerage Glasshouse Realty Group.
The company was formed six years ago. Partner Kunal Patel shares his thoughts on the uphill growth and where the firm is headed, along with Kari Abitbol, vice president of communications at Glasshouse.
What does it mean to you to be one of the region’s fastest-growing companies?
“To realize this level of growth as a brokerage – being only in our sixth year of business – is nothing short of remarkable. Our co-founders, Evan Kloth and Mo Zahedi, have always been passionate about promoting homeownership and giving back to the greater Dayton area," Abitbol said.
“This recognition is not only about the success we’ve seen as a brokerage, but also about the impact we’ve made in helping our clients find homes they love in communities they take pride in. If you talk to our clients, agents or business partners, they will tell you that there’s a contagious energy at Glasshouse. That energy is as genuine as it is purposeful in building an inclusive, thriving community. Our community ties are what made us – and what will continue to fuel our future growth," Patel said.
What do you attribute your consistent, significant growth to?
“In addition to sound strategic planning and forecasting, we credit so much of our growth to the culture we’ve built for our agents and the resources we provide to make them as successful as possible. We’ve created a culture that’s increasingly attractive to the area’s top performing agents. Those agents, knowing they’re fully supported at every stage, are then extremely motivated to serve their clients," Patel said.
“A common theme we see in our client testimonials is that our agents treat them like family and make what would be an otherwise overwhelming experience so much more enjoyable. That’s intentional and it’s something we take great pride in," Abitbol said.
Glasshouse Realty Group
Average percentage growth 2020-2023: 11%
Revenue 2023: $5.94 million
Agents: 157
Headquarters: 201 E. Sixth St. in Dayton
Founded: 2019
How have you managed to continue growing among fluctuating market conditions?
“One thing is for certain in real estate: change is inevitable, and sometimes it’s abrupt. It comes down to staying well ahead of trends in the housing market and having the right tools and technology to be prepared for those changes. As an independent brokerage, we’re nimble by design – which helps us plan and prepare for market shifts instead of reacting to changes once they’re already underway," Patel said.
“We also have strong partnerships with lending, title and other service providers that are committed to making every real estate transaction as streamlined as possible for our clients, despite the nuances and complexities that can arise in a unique market cycle. Our partners understand how Glasshouse conducts business, and vice versa – and the end result is that our agents are supported and our clients are informed throughout each purchase and sale," Patel said.
Do you have plans for expansion over the next year or two?
“We’re currently licensed in Ohio and Kentucky and will expand our license to Florida and Indiana by the end of this year. We’ll also formally open two new offices this fall, starting with a new location in Beavercreek followed by a newly renovated space in Huber Heights," Abitbol said.
Earlier this summer, Glasshouse launched its commercial real estate division, anticipating it will net roughly $35-50 million in new sales volume by the end of 2025.
In 2024, Glasshouse welcomed more than 70 new agents. As their coverage area continues to grow, Glasshouse sees the potential for additional physical offices.
Is there anything that has altered the way you run your company in the last few years?
“Post-pandemic, we’ve continued to see more and more virtual showings that necessitate 3D tools and other interactive ways to engage with listings. The same is true with virtual meetings between clients, agents and everyone involved across the transaction. Also, electronic notary platforms have allowed us to meet closing deadlines much faster than we could’ve previously," Abitbol said.
What is the number one issue plaguing your industry right now?
“The nationwide housing shortage has been very challenging… As interest rates cool and more inventory becomes available, we expect to see competition increase as renters become first-time buyers or reenter the market. Buyers will likely face even higher housing prices as a result, coupled with the fact that there’s always been inflation-driven increases in housing prices over time. This is why it’s ill advised to wait for the interest rate to hit a certain level before purchasing a home. As we say to our clients, marry the house — and date the interest rate," Patel said.
What does the region need to do better to support future growth?
“The revitalization we’ve experienced across the region is in large part thanks to ongoing interest and commitment to build more residential options and mixed-use spaces like the Dayton Arcade. The more we continue to invest in housing inventory, the more we’ll see in terms of economic growth and long-term vitality," Abitbol said.
“The other key piece to unlock long-term growth lies in attracting businesses to open and expand throughout our urban areas. Downtown Dayton already has a very vibrant scene of small businesses that cater to dining, entertainment and more. Any metropolitan area needs the foot traffic that comes with a strong corporate presence to support the continued growth of its small businesses and residential communities," Abitbol said.
Ask a Broker: What does the NAR ruling mean for buyers and sellers?
A few weeks ago, we dropped our first video in the new “Ask a Broker” series recapping what the National Association of REALTORS® ruling was all about. We're excited to share the second installment on that same topic — breaking down the subtle but important difference the NAR ruling makes for buyers and sellers.
Here’s what broker / co-owner Mo Zahedi had to say:
To watch the video on YouTube: https://youtu.be/dPHWpodPGBU?feature=shared
Dayton Daily News: At Glasshouse Realty Group, majority of offices managed by females
(Click here if you prefer to read the article on Dayton Daily News.)
WOMEN IN BUSINESS: At Glasshouse Realty Group, majority of offices managed by females
Glasshouse Realty Group is a full-service real estate brokerage firm headquartered in Dayton. With 11 Ohio locations, 10 of those offices are managed by women.
According to Kari Abitbol, the vice president of communications and marketing with Glasshouse, the brokerage has experienced tremendous growth over the past four years.
“Glasshouse launched a formal commercial real estate division this summer,” Abitbol said. “It is anticipated to net roughly $35-$50 million in new sales volume by the end of 2025.”
Considering how challenging the real estate market has been since 2020, this is no small feat. But together the women who manage the offices represent a real powerhouse.
Lisa Goris MayMay has managed the Centerville office since January of 2020. A licensed Realtor since April of 2003, she said she started in real estate as a whim when a childhood friend asked her to join her for classes.
“Despite holding a manager position at the time at a retirement community and raising three children, I said yes,” May said. “I already worked with contracts, housing and sales and loved it.”
May said loves working with clients and matching buyers with homes they love.
“I chose Glasshouse when they were just getting started,” May continued. “I did my homework and decided after meeting the founders, Mo Zahedi and Even Kloth, to leave my first and only job after 16 years to join Glasshouse.”
Dawn CordleCordle is the operations and office manager for Glasshouse’s Oregon District office, joined the firm in 2019 after building a six plus year career in real estate. She said she “fell” into the business after working for investors who purchased homes for cash. “They asked me to get my license so I could list their properties,” Cordle said. “A month later, they had to lay me off. I had no real plan, but I knew I wanted to continue the real estate journey.”
Cordle met May, whom she considers a mentor, while they both worked for another brokerage firm. They spoke often about other firms they could join but Cordle said they kept coming back to Glasshouse Realty Group.”
“We made the switch in 2019 and never looked back,” Cordle said.
Brandi LawsonLawson is the manager for the Piqua Office and joined Glasshouse in April of this year. With a decade in the industry, she said since her mother was a broker, she “basically grew up in the real estate business.”
“Glasshouse is the complete package,” Lawson said. “I have the freedom to run my office, support from three amazing brokers whenever I need it, tools to help me grow a successful real estate business and a team that both challenges and inspires me.”
Colleen MaidenMaiden is the manager of the Huber Heights office and joined in April of this year. She decided to transition to Glasshouse because she “appreciated their energy.”
“I was ready to step into a manager role,” Maiden said. “I’m excited to be part of this next growth chapter at Glasshouse.”
These women all agree that the real estate industry is not without serious challenges, especially now.
“The market we have experienced the past few years has made it difficult to find my clients homes that check all their boxes and don’t have multiple offers already on the table,” Cordle said. “I’ve had to think outside the box and be creative because I know real estate is a way to touch people’s lives in a unique way. Being part of this journey is such an honor.”
May agreed to join Glasshouse and shortly before her daughter was diagnosed with Leukemia in late 2019.
“My glasshouse family helped put together our new office while I was in Columbus caring for my daughter and my family,” May said. “When I made the move to the new location, the freshness of the brokerage completely re-energized me.”
Maiden said she continues in her real estate career because she has always loved helping people.
“There are always hiccups in every transaction,” she said. “But I work at 110% capacity for my clients to get them to the finish line.”
Lawson agreed, saying she thinks of it as a “true calling.” Every stage of life brings challenges, but she works hard to help people no matter where they are in their journeys.
“This work sets my soul on fire,” Lawson said.
Considering a career in real estate? May said Realtors should focus on doing the right thing at all times.
“At Glasshouse, we are not just building a brand, but also a family of like-minded people who know how to do the job honorably every time,” she said.
All agree that becoming successful in real estate is demanding work and Cordle recommends finding a mentor to help. The “key” she said, is being able to connect with people and having a passion to help them fulfill their dreams.
Lawson believes that coming into the field, one must possess “true grit.”
“Don’t get caught up in comparing yourself to other agents who are in different places in their journeys,” she said. “We all have the secret sauce inside of us. It just takes time to figure it out.”
FEMALE GLASSHOUSE OFFICE MANAGERS
Dawn Cordle, Realtor; Operations / Office Manager, Glasshouse Realty Group - Oregon District Office
Paige Denlinger, Realtor; Office Manager, Glasshouse Realty Group - Beavercreek Office
Lisa Goris May, Realtor; Office Manager, Glasshouse Realty Group - Centerville Office
Colleen Maiden, Realtor; Office Manager, Glasshouse Realty Group - Huber Heights Office
Kellan Oxley, Realtor; Office Manager, Glasshouse Realty Group - Hyde Park (Cincinnati) Office
Missy Sansabrino, Realtor; Office Manager, Glasshouse Realty Group - Kettering/Oakwood Office
Brandi Lawson, Realtor; Office Manager, Glasshouse Realty Group - Piqua Office
Nikki Loudenback, Realtor; Office Manager, Glasshouse Realty Group - Sidney Office
Nicole Harris, Realtor; Office Manager, Glasshouse Realty Group - Springfield Office
Xanni Burton, Realtor; Office Manager, Glasshouse Realty Group - Wilmington Office
Glasshouse opens new office in downtown Wilmington, Ohio
On August 24, 2024, Glasshouse Realty Group opened the doors to its newest office location in Wilmington, Ohio. Area agents, residents, business leaders and local dignitaries gathered in the new space, located in the historic Coca-Cola building in downtown Wilmington, and enjoyed a festive event with a ribbon-cutting ceremony held in partnership with the Wilmington-Clinton Chamber of Commerce.
The office is anchored by the LUX Elite Group, led by licensed agent and Wilmington native Xanni Burton and her team of agents Laura Long, Amanda Fife, and Lauren Stroud. Glasshouse is actively hiring new agents to join the Wilmington team and anticipates expanding the new office space in the near future.
Check out this video to meet Xanni Burton and get a behind-the-scenes look at the office:
Ask A Broker: What is the NAR ruling all about?
Glasshouse Realty Group is excited to launch our new “Ask a Broker” video series where one of our three brokers will answer anything you want to know about buying, selling, investing and the market at large. Stay tuned for a new video release every few weeks.
In our debut video, broker/owner Mo Zahedi addresses what this year’s NAR ruling is all about, along with three key takeaways:
The NAR (National Association of Realtors) settlement was decided earlier this year – and went into effect this August
It reinforces that realtor compensation is always negotiable
And it mandates that compensation arrangements be discussed before agents can show any homes
Here’s what Mo had to say:
And watch the full video here to learn more: https://youtu.be/XDwR11_IZMw
Dayton Business Journal: Dayton executive sells stake in brokerage, joins new real estate firm
(Click here to read the story in the Dayton Business Journal.)
Tom Kretz is Glasshouse Realty Group’s new vice president of commercial real estate. Kretz actively sells across all commercial asset classes and property types including retail, office, medical, industrial, restaurant, multi-family, hotel, development land and more.
After selling stake in Dayton’s second largest real estate brokerage, a well-known Dayton executive is moving on to help a fast-growing real estate firm continue its growth.
Glasshouse Realty Group recently hired Tom Kretz, former Irongate Inc. Realtors executive vice president and partner, to the role of vice president of commercial real estate. Under Kretz’s leadership, the firm will jump start a new commercial division.
Kretz joined Glasshouse after finalizing the sale of his co-ownership stake in Irongate Inc. Realtors. During his time with Irongate, Kretz developed and managed all aspects of the commercial division, growing the annual commercial real estate transaction volume by 1,500% in less than three years.
During his time in commercial real estate with Berkshire Hathaway from 2009 to 2021, Kretz ranked No. 3 globally for top commercial agents in the Berkshire Hathaway Global CRE Network. He also holds several leadership positions across industry, and local and regional government, and serves on numerous boards, commissions and committees including Dayton Realtors.
“We know Tom is the right leader at the right time for Glasshouse with his exceptional sales record and extensive service throughout our community,” said Kari Abitbol, vice president of communications and marketing for Glasshouse Realty Group.
Kretz officially started his role Aug. 5.
Kretz said Glasshouse has the key ingredients for growth: customer and agent-centric, technology-driven, detail-focused, nimble, and energetic. He said he was attracted to the firm after watching the team “command more and more market share” while attracting talent and maintaining an “outstanding” reputation.
“Being in this business for the past 15 years, coupled with 26 years of business ownership in industries ranging from real estate, distribution, manufacturing, self-storage, farming, development and more, I quickly recognized the untapped potential for Glasshouse to expand its business model into the commercial space,” Kretz said. “There’s something different here – and frankly, it’s exciting.”
Glasshouse Realty Group
Revenue 2023: $5.9 million (11.5% average growth from 2020)
Sales volume 2023: $210 million (3.4% increase from 2022’s $203 million)
Local real estate agents: 189
Headquarters: 201 E. Sixth St., in the Armory building in downtown Dayton’s Oregon District
Founded: 2019
Kretz will not join Glasshouse as a partner. After starting, acquiring, growing, and selling 10 businesses over the last 26 years, Kretz will work with and manage a broad book of his own commercial real estate brokerage business and clients while building, mentoring and growing a full-service team of commercial real estate agents. The exact number of new employees and agents to be brought on as part of the launch and its early growth has yet to be determined.
“Tom is widely respected in the commercial real estate space, a successful industry leader, and known as a dealmaker and deal whisperer,” said Mo Zahedi, Glasshouse Realty Group co-founder and broker. “His development of a specialized commercial team – a team that will be set up for success from the start with access to modern tools, technology and marketing – will soon push Glasshouse into a new tier of sales volume.”
Glasshouse voted Dayton’s “Best Real Estate Agency” for the second consecutive year
Glasshouse Realty Group was voted “Best Real Estate Agency” for the second consecutive year in Dayton.com’s 2024 Best of Dayton awards. In addition, Glasshouse agent Terri Johnson was named a finalist in the Best Real Estate Agent category.
Thanks to everyone who voted and to our brokers, administrators, agents and business partners who consistently go above and beyond to serve our clients and community!
Click here to see the full list of winners in the Professional Services category.
Glasshouse named to 2024’s Fastest-Growing Companies list by the Dayton Business Journal
Glasshouse Realty Group was named to the Dayton Business Journal’s Fastest-Growing Companies list on August 9, 2024. Glasshouse was among 55 companies throughout the Dayton region that received the award, which recognizes organizations with the highest percentage growth in revenue over the past four years. Glasshouse’s official rank within the top 55 list will be announced during an event on October 10 at NCR Country Club.
Click here to see the full story and list of awardees that were published in the Dayton Business Journal.
First-time home buyers guide
STEP 1: START YOUR HOME SEARCH HERE.
The listing search on our home page offers buyers access to every property in the area’s MLS, so there's no need to visit multiple websites to find your dream home! Our search tools ensure you're seeing the most up-to-date pricing and property detail information while allowing you to filter by homes that fit your criteria.
Questions to consider: How much space do you need and why?
STEP 2: WORK WITH A PROFESSIONAL.
Glasshouse Realty Group agents are committed to making the home-buying process as simple and stress-free as possible. Our agents walk first-time buyers through all the steps involved, and happily share their extensive knowledge of area neighborhoods, schools and community amenities. Another bonus for buyers is that they don't pay a dime for our expert services (Real estate estate commissions are typically paid by sellers.)
Questions to consider: Which is more critical: location or size? Is accessibility to main routes a priority?
STEP 3: GET PRE-APPROVED.
Knowing how much house you can afford is a huge advantage in your home search. Obtaining lender pre-approval helps you to narrow your search to homes that fit your budget and shows sellers that you are a serious, qualified buyer. Need recommendations for experienced, reputable lenders? We work with some of the best. Request a recommendation!
Questions to consider: What features are not negotiable in your new property?
STEP 4: FIND YOUR PERFECT PLACE.
Buying a home isn't just about bedrooms and bathrooms: it's also about finding a space that meets your unique lifestyle requirements. Are great schools important? Are you looking for the shortest commute time possible? Do you want to walk to neighborhood shops and restaurants? Fixer upper or move-in ready? These are all important questions to ask when looking for your new home. Once you've found a home you love, the next step is making an offer. It's important to remember that a home is an investment. We can give you information on other properties in the neighborhood to ensure you make an informed decision when it comes to a fair price to offer.
STEP 5: CLOSE ON YOUR NEW HOME.
You've found a home you love, negotiated the price and inspection responses and have an accepted offer. You're in the home stretch! You can keep your closing on track by staying in control of your credit and finances. Do not make any large purchases during this time. It's important to keep your financials steady throughout the buying process. Talk to your financial consultant for guidance. Also, it’s important to stay in constant communication with your agent and financial guide during this process. Be sure to return all phone calls and complete paperwork promptly. Also, don't be afraid to ask questions. We are here to help you!
Glasshouse Realty Group
Phone:+1(937) 949-0006