Kentwood.com Purchased for $40,000 | DomainInvesting.com
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Kentwood.com Purchased for $40,000

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KentwoodThe last time I wrote an article mentioning Peter Niederman, it was when his company acquired Denver.com in a seven figure deal. Peter’s company made another acquisition this week, and while the deal isn’t worth as much as the Denver.com deal, the acqusition is highly valuable to the company.

Peter’s company, Kentwood Real Estate, purchased Kentwood.com from Scott Day’s Digimedia for $40,000. The domain name is now forwarding to DenverRealEstate.com, the primary website for Kentwood. The deal was transacted without the assistance of an intermediary. “As an end user, this is well suited for my real estate company in Denver called Kentwood Real Estate. We will continue to operate our website under DenverRealEstate.com,” Peter told me.

If you live in the Denver area, you’ve probably heard of Kentwood Real Estate. In 2012, Kentwood closed more than $1.7 Billion in real estate transactions in the state of Colorado. This year, the company is on track to surpass $2 billion in transactions. I am told that Kentwood controls the largest residential real estate market share in the metro Denver area.

There are at least two cities called Kentwood and a number of companies that use Kentwood as their brand name or in their brand name. Buying Kentwood.com may not have been critical for the company, but it certainly was a smart acquisition.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (3)

    Dev

    Great price for both the seller and the buyer. Smart move.

    November 20th, 2013 at 10:25 am

    Andrew Rosener

    Peter is one of the savviest guys I know and should be the recipient of the TRAFFIC “We get it” award hands down!

    November 20th, 2013 at 11:19 am

    Excitemental

    great sale worked out well for both parties involved i think.

    November 21st, 2013 at 7:42 am

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