Upon 60th Anniversary, Realty Executives Unifies & Strengthens Arizona Network With Key Change, New Office & Capital Investment

PHOENIX, July 1, 2025 /PRNewswire/ -- Realty Executives International is pleased to announce that it is aligning its ownership structure across Arizona and re-establishing common ownership of the Phoenix and Yuma market territory. This strategic move consolidates Realty Executives' presence in Arizona under one ownership group, reaffirming its long-term investment and commitment to serving agents and clients statewide. The company started 60 years ago in Phoenix and showcases approximately 5,500+ agents.

Under this change, Realty Executives International opted not to renew its agreement with the current Phoenix franchise. Instead, the company is inviting all existing agents in the Phoenix and Yuma region (approximately 600 real estate advisors) to join the newly integrated international network under the leadership of respected industry veteran Jeff Murtagh. Murtagh, who currently leads the successful Tucson office, which includes Southern Arizona and Northern Arizona, will now oversee the Phoenix and Yuma operations as well.

Continuity, Support, and Growth Opportunities for Agents

Agents transitioning to the new Realty Executives Phoenix will retain access to current branding, signage and marketing collateral — ensuring a seamless continuation of business. As a show of commitment to their success, Realty Executives is offering no monthly fees for the first six months to agents who join this newly unified brokerage by July 31.

"This move is about simplifying and strengthening the Realty Executives network in Arizona," said Patrick van den Bossche, President of Realty Executives International. "We are creating an even more powerful, unified platform to support our agents, clients and communities — while maintaining business as usual for all involved."

Led by Industry Leaders, Backed by Outlier's Resource

Realty Executives' Arizona network will benefit further from the direct financial resources and strategic oversight of renowned Valley businessman David Tedesco, CEO and Founder of Outlier and the ownership partner behind Realty Executives International. Outlier's financial strength and track record of building scalable, agent-first platforms ensures that agents and clients alike will benefit from enhanced technology, training and operational support. One of the largest and fastest-growing privately held businesses in Arizona, Outlier also owns other notable brands such as iFLY, Pump It Up, Passport Health and inDispense, among others. 

"We are proud to bring the Phoenix and Yuma markets back into the core of our Arizona operations after the previous franchise structure," said David Tedesco, CEO of Outlier and Realty Executives' ownership group. "Our goal is to create the strongest real estate network in the state, and that means investing in great people, great tools and great leadership."

Jeff Murtagh, CEO of the Arizona Territory brokerage, added, "I'm honored to take on this expanded leadership role. The agents in Phoenix and Yuma are incredibly talented and have deep ties to their communities. We're excited to offer a supportive environment where they can thrive, grow and be recognized as industry leaders."

Outlier currently owns a signature property in the 44th St. corridor at 4343 Outlier Boulevard in Phoenix. A portion of the 187,000-square-foot building will now be the new Phoenix flagship brokerage location for Realty Executives.

For more, visit RealtyExecutivesArizona.com.

About Realty Executives

Founded in 1965, Realty Executives International has grown into one of the most respected and agent-centric real estate brands in the U.S., with approximately 5,500 agents across the country. Known for its agent-first culture and innovative tools, Realty Executives continues to redefine excellence in the real estate profession.

With this change, the Arizona network will total more than 1,200 agents statewide under one cohesive structure — ensuring greater collaboration, marketing strength, and shared resources.

For more information or to inquire about joining the new Phoenix team, please call (800) 252-3366.

Contact: Jennifer Sturgeon, [email protected]

SOURCE Realty Executives