Major real estate firm expands to Costa Rica

Keller Williams, the world’s largest real estate franchise by agent count, announced that it has awarded its first region in Central America to a group of business leaders led by Allen Lungo.

“Over the past six years, I’ve talked with hundreds of Keller Williams agents and all of them have said it is the best company with which they have ever worked and they could never imagine leaving it,” Lungo said. “I am convinced it is the right choice for me, our real estate company and Costa Rica.”

Trained as an architect, Lungo holds an MBA from the University of California at Los Angeles and has compiled an impressive track record of business success in management, design, construction and finance in cities including New York, Los Angeles and Chicago, an announcement said.

In 2004, he founded the Summerland Group and serves as broker for Costa Rica Real Estate Store. Lungo has helped grow Summerland into the largest, fully integrated investor consulting and vacation support business on Costa Rica’s Pacific Coast, the announcement added. The company operations involve more than 350 residential and commercial properties including nine resort locations and offers services including real estate sales, property management and insurance and mortgage consulting.

Lungo is president of the Costa Rica Global Association of Realtors and a frequent presenter at international real estate conferences and has chaired an initiative to introduce a national multiple listing service in Costa Rica.

“Costa Rica has an unlicensed professional environment where voluntary associations provide the only training available,” Lungo said. “We want to apply the models, training, and market momentum of Keller Williams to set a new professional standard for Costa Rica. The launch of KW Costa Rica will help agents, investors and consumers.”

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