Realty Executives Phoenix sold to investment firm
Realty Executives Phoenix has been bought by the Phoenix-based investment firm Kinetic Cos. in a deal that merges Realty Executives’ metro Phoenix, Tucson and Yuma operations.
Jeff Murtaugh, a partner with Kinetic and president of Tucson Realty Executives, will become CEO of the brokerage.
Under Murtaugh, the Tucson franchise grew from approximately 50 agents to more than 250 in two years, Realty Executives said in a news release Thursday. Murtaugh was named “Most Valuable Broker Owner” at the International Franchise Awards in 2013.
Realty Executives, founded in 1965 by Dale and June Rector, is one of the Phoenix area’s largest residential brokerages. The couple’s son Rich Rector was CEO of the brokerage before the deal. He retains ownership in Realty Executives International.
Interfaith nonprofit losing CEO Kampa to retirement
The chief executive officer of Interfaith Community Services, Bonnie Kampa, has announced she will retire Dec. 31.
Kampa was hired in January 2002 to lead the organization, which provides basic-needs services for individuals and families in financial crisis and for seniors and disabled adults in Pima County.
The nonprofit will launch a nationwide search for a successor.
ICS board President Steve Pollyea said in a news release that under Kampa’s direction, the organization has grown from a modest northwest-side center to a “communitywide nonprofit leader that touches the lives of more than 36,500 individuals a year.”
Kampa developed new programs for the agency; led it through capital campaigns for the ICS Food Bank project, senior caregiving wing and recently completed Client Welcome Center; and helped to build a nearly $5 million endowment fund. ICS received Charity Navigator’s 4-star rating for the last five years.