July 18, 2019 (Cape Coral, FL) -- John R. Wood Properties, the leading local real estate brokerage in Southwest Florida, announced today the acquisition of Premier Palm Properties in Cape Coral. The office, led by Managing Broker Jay Richter, will become the 16th location for the Wood firm.

“We have been considering expanding into Cape Coral for some time now,” said Phil Wood, President of John R. Wood Properties. “Our sales have been strong in the Cape Coral market and we felt that the team at Premier Palm Properties was the right fit for continuing that success.”

In the last 36 months, the Wood firm has closed over 200 sales in the Cape.  They also brokered one of the highest sales prices last year at $1.99 million, and a number of the other million dollar plus transactions.  Under the management of Broker-Owner Frank Ehrhardt, Premier Palm Properties achieved top 50 status in Cape Coral last year out of the 764 companies that were selling in Cape Coral.

“I have always admired the business philosophy of John R. Wood Properties and their proven track record in Southwest Florida,” said Ehrhardt. “Now we will have the John R. Wood name and marketing resources to provide our customers with even better service.”

Seven agents at Premier Palm Properties will join Ehrhardt, and continue to operate their respective businesses under the John R. Wood Properties brand.

“It makes sense that we would position ourselves to gain a stronger foothold in this market and I’m very much looking forward to leading this talented team of real estate professionals,” said Jay Richter, Managing Broker of the new location.

About John R. Wood Properties

John R. Wood Properties is the leading residential real estate brokerage in Southwest Florida consistently holding the #1 position in closed sales volume. More than a local brand, they are a highly revered organization with over 60 years of industry and market experience offering best-in-class training and data resources for agents, broad international exposure to buyers, and highly-focused luxury marketing resources that drive results for sellers. John R. Wood Properties has over 550 real estate agents and actively serves Marco Island, Naples, Ave Maria, Bonita Springs, Estero, Fort Myers, Cape Coral, and Sanibel/Captiva Islands. For more information, visit