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Lakewood-based Reliance Global Group on Monday announced the creation of a new real estate division aimed at complementing the company's focus on acquiring insurance agencies that are revenue-growing and cash-flow positive.
Abe Miller, a successful real estate investor and mergers and acquisitions executive, has agreed to join Reliance to oversee the new division and advise on future real estate transactions. Miller will not receive a fixed salary for his work, but will be compensated entirely on a contingency fee model.
“We are pleased to embark on this important initiative to establish a new division within Reliance focused on the acquisition and development of multifamily and commercial real estate,” said Ezra Bayman, CEO of Reliance.
“I have worked with Abe previously and have experienced first-hand the immense value his insights bring. I look forward to him leading this latest initiative as we continue to advance Reliance as a leading technology-centric company focused on sustainable profitability and increased shareholder value. With Abe's extensive experience and strategic vision, I am confident this initiative will accelerate our progress towards achieving our goals.”
Reliance Global Group is an InsurTech pioneer that leverages artificial intelligence and cloud-based technology to transform and improve efficiency in the insurance agency/brokerage industry.