DeLaney Realty, Inc.
Company History

DeLaney Realty Inc. was established in 1968 as a partnership between Charles E. DeLaney and Theodore Manganello, both of whom retired from the United States Air Force after long and successful careers.  As the business grew and prospered, its location continued moving northeasterly along the Austin Highway until September 1972, when the partners constructed and moved into their own building at 2433 Austin Highway.  It was at approximately this time that Mr. Henry H. McKee purchased Mr. DeLaney’s 50% interest in the business.  On March 16, 1972, the business was incorporated.  Two branch offices were opened for a short time during 1973 and 1974, one at 12639 Nacogdoches Road and one at 3604 Fredricksburg Road.  In 1974, these offices were closed because of the recession being experienced by the real estate industry.  For medical reasons, Mr. McKee left the business and his son, James C. McKee, purchased his interest in the firm.   At this time a partnership known as Equity Purchasing was formed and the rental homes owned by DeLaney Realty were placed directly under this partnership.   The principals of Equity Purchasing were Henry H. McKee and Theodore Manganello.   For a short period of time, 1978 to 1982,the partnership was Incorporated.   The Equity Purchasing partnership was dissolved in July 1984, shortly before the death of Theodore Manganello.

In 1973, the company became a successful bidder on a contract with the Federal Housing Administration (FHA), Department of Housing and Urban Development (HUD).   As the area broker for HUD, the company was responsible for overseeing the repairs of properties repossessed by FHA.   By mutual agreement this contract was terminated in 1978, when the volume of these properties diminished to a point where it was no longer profitable for the firm.

In May of 1976, a CENTURY 21 franchise was acquired.  The business operated as a CENTURY 21 franchise until April 29, 1991, when management decided this affiliation no longer was capable of delivering the services needed for its continued growth.

In 1978, Charles (Chuck) Manganello purchased James McKee's stock in DeLaney Realty, Inc., and until August of 1979, he and his father, Ted, operated the real estate business.   In August 1979, Mr. Doyle O. Wells purchased most of Ted's interest in the firm and he and Chuck operated the business until Doyle's retirement on 31 March 1991.   With the retirement of Mr. Wells, Chuck and Wendy Manganello became the sole shareholders of the corporation.

In 1979, due to the continued increase in the number of properties being managed, the company automated the property management division.   An IBM 5110 computer was purchased, and the company’s principals designed and developed their own software program.  The investment in automation of this division not only provides more efficient and better service to our property owners, but also benefits our office through more efficient management of sales and financial data.   The company is one of the largest managers of single family homes in Northeast San Antonio.

This concentrated effort toward property management perhaps slowed the growth of a strong sales organization, but today makes the firm a strong viable competitor in any economic period.   The company continues to emphasize the listing of residential properties for sale in Northeast San Antonio.   We strive to obtain the majority of the listings in our immediate marketplace; the company that controls the listing market will be in control of the sales market.

As the staff grew, the need for additional office space also grew.   In the summer of 1985, the facility at 2433 Austin Highway would not permit expansion at a pace we felt necessary to penetrate our target market.   The company made a commitment to find a l ocation and facility that would permit recruitment and retention of the staff needed to accomplish its goals.   The office at 5702 Walzem Road appeared to be a good location and the facility had previously been designed and used as a real estate office.   However, experience proved the arrangement did not fit our operational style and was not visible from Walzem Road, especially after another real estate office was built directly in front of the location.

On November 1, 1987, the company moved to 8021 FM 78, Suite 131, Ventura Plaza.   We were able to design the entire facility and we believe the high visibility location provided us an excellent opportunity to penetrate the expanding residential market of Northeastern San Antonio.   A new building site was acquired, and on April 15, 1997 the company moved into it's new home at 7975 FM 78 @ Beech Trail. 

In May 2007 Chuck and Wendy started their plan to retire.  A majority interest in the company was sold to Bill Williamson.  With the change in leadership Bill became the Principal Broker of the company.

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