Real estate president buys out developer
Sky Sotheby’s President Chad Roffers is buying the equity stake in the firm owned by developer Marvin Kaplan.
Terms of the arrangement were not disclosed. The deal is expected to close this week, Roffers said.
It marks the second time this year that Roffers has closed ranks in ownership of the Sarasota-based real estate company. In February, Roffers acquired the ownership share of Sky co-founder Brandyn Herbold. By buying out Kaplan’s stake, Roffers will take full control of the company, and will continue to serve as its president.
“I’m bullish on our future, and I’m happy owning 100 percent,” Roffers said Tuesday.