Industry Mourns Death of Brokerage President

June 14, 2011

Doug Ayers, 50, president and CEO of Koenig & Strey Real Living in Chicago, died June 10 following a battle with cancer. Ayers was also an active participant on several National Association of REALTORS®’ committees in improving business standards in the real estate industry.

“Doug was an inspiration to me and to everyone at Koenig & Strey,” said Nancy Nagy, interim chief operating officer, in a statement from the brokerage. “Though real estate was his passion, his gift was the ability to encourage and develop people. He helped us to be better, kinder, and more global in our thinking, lessons that reached far beyond real estate.”

Ayres started in real estate in 1981 as a sales associate at Burnet Realty in Minneapolis. In 1998, Burnet was acquired by Coldwell Banker and Ayres became president and chief operating officer for its Chicago and Milwaukee divisions. He grew the company to 67 offices, 4,700 sales associates, and more than $17 billion in residential real estate sales.

In January 2007, he became president and CEO of Koenig & Strey, which has more than 1,000 real estate professionals in the Chicagoland area. The company is an affiliate of HomeServices of America Inc., which is the nation’s second largest full-service independent real estate brokerage firm.

Ayres was also an active participant on real estate boards and committees at the local, state, and national level. He served on the National Association of REALTORS® Large Broker Advisory Board and was a participant on NAR’s Presidential Advisory Group.

Source: “The Real Estate Industry Mourns the Loss of Doug Ayers,”Chicago Agent Magazine (June 13, 2011) and “Koenig & Strey Mourns Doug Ayers,”Koenig & Strey