La Rosa Holdings appoints JM Padron to expand its commercial real estate division, leveraging his extensive industry experience.
Quiver AI Summary
La Rosa Holdings Corp. has appointed Jose Miguel "JM" Padron as the leader of its national expansion in the commercial real estate division. With over 30 years of experience in the field, Padron has a renowned background in commercial brokerage, investment strategies, and financial analysis, having held significant roles in companies like RE/MAX Commercial Mexico. He is expected to be pivotal in expanding La Rosa’s commercial real estate team and will contribute to training residential agents in commercial real estate. CEO Joe La Rosa expressed excitement about Padron’s expertise aligning with the company's vision for growth in 2025, aiming to enhance opportunities for agents while broadening La Rosa’s national presence in the real estate industry. La Rosa Holdings Corp. offers innovative commission structures and technology solutions tailored for real estate agents and is rapidly expanding its operations across several states and Puerto Rico.
Potential Positives
- Appointment of industry veteran Jose Miguel "JM" Padron to lead national expansion of commercial real estate division indicates strategic growth initiative.
- Padron's extensive experience and proven track record in commercial real estate are expected to greatly enhance La Rosa's market presence and capabilities.
- The launch of a commercial training program for residential agents signifies a commitment to expanding knowledge and creating new opportunities within the company.
- Expansion plans reflect La Rosa's ambition to strengthen its national footprint and deliver greater value to agents, investors, and clients.
Potential Negatives
- The press release highlights potential risks and uncertainties related to the company's future performance, indicating that actual results may differ materially from expectations, which could impact investor confidence.
- There is mention of the company’s dependence on customer acceptance of new services and demand, suggesting vulnerabilities in its business model that could hinder growth.
- The reference to the National Association of Realtors' landmark settlement indicates regulatory challenges that could affect the company's operations and strategies.
FAQ
What is La Rosa Holdings Corp. known for?
La Rosa Holdings Corp. is a holding company with multi-service, technology-integrated real estate segments focused on empowering agents.
Who is Jose Miguel Padron?
Jose Miguel Padron is a seasoned real estate executive appointed to lead the national expansion of La Rosa's commercial real estate division.
What is La Rosa's business model?
La Rosa offers agents a choice between a revenue share model or an annual fee model with 100% agent commissions.
How many La Rosa Realty offices are there?
La Rosa holds 26 corporate offices and branches across several states, along with 6 franchised offices in the U.S. and Puerto Rico.
What services does La Rosa provide to agents?
La Rosa offers technology-based products, training programs, residential and commercial brokerage services, and property management solutions to its agents.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LRHC Insider Trading Activity
$LRHC insiders have traded $LRHC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LRHC stock by insiders over the last 6 months:
- ALEX SANTOS (CHIEF TECHNOLOGY OFFICER) sold 9,611 shares for an estimated $8,582
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LRHC Hedge Fund Activity
We have seen 6 institutional investors add shares of $LRHC stock to their portfolio, and 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GEODE CAPITAL MANAGEMENT, LLC added 80,631 shares (+inf%) to their portfolio in Q3 2024, for an estimated $52,248
- CITADEL ADVISORS LLC removed 24,614 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $15,949
- VIRTU FINANCIAL LLC added 15,536 shares (+inf%) to their portfolio in Q3 2024, for an estimated $10,067
- FNY INVESTMENT ADVISERS, LLC added 10,152 shares (+inf%) to their portfolio in Q4 2024, for an estimated $8,572
- JANE STREET GROUP, LLC removed 6,039 shares (-37.6%) from their portfolio in Q3 2024, for an estimated $3,913
- MOISAND FITZGERALD TAMAYO, LLC added 1,250 shares (+166.7%) to their portfolio in Q3 2024, for an estimated $810
- UBS GROUP AG removed 1,242 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $804
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
Celebration, FL, Jan. 30, 2025 (GLOBE NEWSWIRE) -- La Rosa Holdings Corp. (NASDAQ: LRHC) (“La Rosa” or the “Company”), a holding company for six agent-centric, technology-integrated, cloud-based, multi-service real estate segments, today announced the appointment of industry veteran Jose Miguel “JM” Padron, to lead the national expansion of La Rosa’s commercial real estate division.
Mr. Padron is a seasoned real estate executive with over 30 years of experience in commercial real estate brokerage, investment strategies, and financial feasibility analysis. He has played a key role in structuring CMBS loans, insurance-backed financing, and development projects across South Florida, Spain, and Latin America. He has held leadership positions at RE/MAX Commercial Mexico, JM Partners Holding Corporation, and multiple RE/MAX franchises in South Florida, driving expansion and market growth. His expertise includes structural assessments, business management, and franchise consulting, having designed certification programs for RE/MAX Mexico and Century 21 Mexico. Previously, Padron served as President of CONATEL, shaping telecommunications regulations and securing Venezuela’s seat on the ITU Council. A recognized industry speaker, he has presented at ICON Mexico City, FIRPTA and 1031 Exchange seminars, and CCPP, certifying over 2,500 agents. Padron is a Certified Commercial Investment Member (CCIM) in the US and a member of the Royal Institution of Chartered Surveyors (MRICS) in the UK. He holds a Master of Science in Engineering from Lamar University and a Bachelor of Science in Mechanical Engineering from Metropolitan University.
Joe La Rosa, CEO of La Rosa, commented, “We are thrilled to welcome JM Padron to La Rosa as we accelerate the growth of our commercial real estate division nationwide. JM’s extensive expertise in commercial real estate brokerage, investment structuring, and market expansion makes him an invaluable addition to our team. His proven track record of driving growth, developing high-performing franchise models, and implementing strategic initiatives aligns perfectly with our vision for 2025. We expect that not only will JM be critical in expanding our commercial real estate team, but he will also play a key role in training our residential agents in commercial real estate through his commercial training program. By equipping our agents with the knowledge and tools to succeed in the commercial sector, we are creating new opportunities for our network and further strengthening La Rosa’s presence in the industry. We believe that his leadership will be instrumental in expanding our national footprint and delivering unparalleled value to our agents, investors, and clients.”
About La Rosa Holdings Corp.
La Rosa Holdings Corp. (Nasdaq: LRHC) is disrupting the real estate industry by offering agents a choice between a revenue share model or an annual fee-based model with 100% agent commissions. Leveraging its proprietary technology platform, La Rosa empowers agents and franchisees to deliver top-tier service to their clients. The Company provides both residential and commercial real estate brokerage services and offers technology-based products and services to its sales agents and franchise agents.
La Rosa's business model is structured around internal services for agents and external services for the public, including residential and commercial real estate brokerage, franchising, real estate brokerage education and coaching, and property management. The Company has 26 La Rosa Realty corporate real estate brokerage offices and branches located in Florida, California, Texas, Georgia, North Carolina and Puerto Rico. The Company also has 6 La Rosa Realty franchised real estate brokerage offices and branches and 3 affiliated real estate brokerage offices in the United States and Puerto Rico. Additionally, the Company has a full-service escrow settlement and title company in Florida.
For more information, please visit: https://www.larosaholdings.com .
Stay connected with La Rosa, sign up for news alerts here: larosaholdings.com/email-alerts .
Forward-Looking Statements
This press release contains forward-looking statements regarding the Company’s current expectations that are subject to various risks and uncertainties. Such statements include statements regarding the Company’s ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, our ability to successfully integrate acquisitions into our business operations, customer acceptance of new services, the demand for the Company’s services and the Company’s customers' economic condition, the impact of competitive services and pricing, general economic conditions, the successful integration of the Company’s past and future acquired brokerages, the effect of the recent National Association of Realtors' landmark settlement on our business operations, and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission (the "SEC”). You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and other reports and documents that we file from time to time with the SEC, including our Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2024. Forward-looking statements contained in this press release are made only as of the date of this press release, and La Rosa does not undertake any responsibility to update any forward-looking statements in this release, except as may be required by applicable law. References and links to websites have been provided as a convenience, and the information contained on such websites has not been incorporated by reference into this press release.
For more information, contact:
[email protected]
Investor Relations Contact:
Crescendo Communications, LLC
David Waldman/Natalya Rudman
Tel: (212) 671-1020
Email: [email protected]