RSR YEAR IN REVIEW

2005 YEAR in REVIEW

HIGHLIGHTS:

Sold and leased over $338 million in real estate transactions, a sixty-five percent (65%) increase from 2004’s record $220 million. We completed over 450 transactions in 2005.

The appraisal division, RSR Appraisers & Analysts completed over 220 commercial appraisal assignments and over 350 residential appraisal reports and reviews.

RSR Appraisers and Analysts acquired L.G. Connor Appraisers, ranked #5 on the Central Penn Business Journal’s Book of Lists of Commercial Real Estate Appraisers. L.G. Connor was founded in 1957 and has been led by Karen Darney for the last ten years. Darney and Pam Rittenbauch will join RSR as General Certified Appraisers.

RSR Appraisers and Analysts were ranked #1 Commercial Appraisal Company again, this makes every year since the CPBJ began ranking appraisers in 1997.

Named by the Central Penn Business Journal “Fifty Fastest Growing Companies” in the region (#28), after being #33 in 2004.


We now represent four of the finest homebuilders in the area:

Classic Communities, Inc. Silver Creek of Hampden
Fine Line Homes Hearthside Manor
Haubert Homes Creekstone Manor
McNaughton Homes Deer Path Woods
OM Management Houses at Oakhurst

DEALS OF INTEREST:

Listed and sold Pennsboro Commons Shopping Center to Cedar Shopping Centers for $17,750,000. The shopping center consisted of 110,000 square feet with a 66,000 square foot Giant Food Store as the anchor.

Listed and sold 24.5 acres approved for 176 residential units in Hampden Township, to Classic Communities, Inc. for $2,500,000.

Listed and sold 1854 Brookwood Street, Harrisburg, a facility leased to the Commonwealth of Pennsylvania for $6,000,000.

Sold 38 residential townhouse rental units at Stanford Court in Hampden Township to Cumberland Valley Real Estate, LLC for $4,000,000.

Listed 4775 Linglestown Road, Lower Paxton Township that sold to Touchdown Flannery, consisted of two office buildings with approximately 24,000 square feet for $2,550,000.

Sold a 8,000 square foot office condominium in Saratoga Office Center for $500,000 to Classic Communities, Inc. for use as their offices.

Listed and sold 4800 Linglestown Road, Lower Paxton Township, that sold to Kusic Capital, consisting of 40,000 square feet of office space for $2,500,000.

Listed and sold 3.5 acres of residential land to be developed with 14 units at the Woods of Waterford in Wormleysburg, representing the seller and the buyer Classic Communities, Inc. for $555,000.

Sold 70 acres along the Carlisle Pike in Silver Spring Township to Bobby Rahal & Ferris Development for $3,500,000.

Sold the Hoover Plaza in Lemoyne Borough, a 50,000 square foot retail strip center to State College Premier Rentals for $2,100,000.

Sold 553 Bridgeview Drive in Bridgeport Condominium in Lemoyne Borough for $1,200,000.

Listed and Sold the Cliffdale Office Center on Cedar Cliff Drive, New Cumberland for $1,201,000.

Sold ten townhouses to be built on Shady Lane in Enola to Pin Kuo to be built by Haubert Homes for $1,235,000.



Greater Harrisburg Association of REALTORS® WINNER’S CIRCLE

Commercial
Top 1% William Rothman
Jim Koury
Al Simokat
Residential
Top 1% Greg Rothman
Top 10% Garrett Rothman
Top 20% Jennifer Kerr


AWARDS:

Agent of the Year Jim Koury
Commercial Agent of the Year Julie Trogner
Residential Agent of the Year Garrett Rothman
Platinum Club for Production Gordy Banzoff
Jamie Berrier
Keith Sultzbaugh


Partner James Helsel served as a Board Member and member of the Finance and Executive Committees of the National Association of REALTORS®.

Greg Rothman graduated top in his class from Johns Hopkins University with a Masters of Science in Real Estate with a 3.96 GPA. He received an award from the Maryland Chapter of the Appraisal Institute for best thesis.

Jamie Berrier was elected to the Board of Directors of the Greater Harrisburg Association of REALTORS.

Greg Rothman was appointed Vice-Chairman of the Cumberland County Economic Development Corporation and was appointed by the Cumberland County Commissioners to a three year term on the Cumberland County Industrial Development Authority where he was elected Secretary.

Greg Rothman is serving on the Board of Directors of the United Way of the Capital Region.

Partner William F. Rothman served on the Board of Advisors to Shippensburg University’s Grove School of Business.

Garrett Rothman, Esquire was named to the Board of Directors of the Harrisburg Young Professionals.

Garrett Rothman served on the Harrisburg Area Community College Multi-Cultural Advisory Committee and Channels, a non-profit food distribution agency.

Jackie Eakin served as President of the Investment Commercial Industrial Council of the Greater Harrisburg Association of REALTORS®.


New Additions:

Nicholas Paul Berrier, born February 22, 2005, son of Shawn and Jamie Berrier.
Chloe Mills Herbert, born to Melissa and Grant Herbert on April 13, 2005.