CHICAGO – (Feb. 27, 2008) – Koenig & Strey GMAC Real Estate has announced the acquisition of Altier Realty at 1516 West Taylor St. in Chicago’s Tri-Taylor neighborhood.Doug Ayers, president of Koenig & Strey GMAC Real Estate made the announcement. “The acquisition of Altier Realty provides a boutique location that enables us to serve the Tri-Taylor, West Loop, and University Village neighborhoods,” said Ayers. “By continuing to expand our presence, opening convenient and efficient offices in more places, Koenig & Strey GMAC is leading the industry in changing real estate to fit the lifestyle of our clients and our agents.”The latest acquisition continues a pattern of growth started in 2007, and the Taylor Street office gives Koenig & Strey GMAC its fourth new location since the beginning of this year.“Bill Altier’s knowledge of the area and the reputation of Altier Realty will be a tremendous asset as we expand on the West Side,” said Michael Mazzei, Koenig & Strey GMAC senior vice president and branch executive for the Taylor Street office. “Bill is a known presence in this neighborhood, having worked with developers and individuals for over three decades.”“I felt that Koenig & Strey GMAC and Michael Mazzei offered a value proposition that was unmatched by any other brokerage,” said Bill Altier. “Michael is extremely supportive of his agents. And the backbone of the company - their technology, marketing and support systems will enable me to grow my business while providing a superior level of service for my clients.”Koenig & Strey GMAC has 27 residential brokerage offices serving some of the finest communities in Chicago, the North Shore, Lake County and the western suburbs. Koenig & Strey GMAC Real Estate is an exclusive affiliate of Christie’s Great Estates. For additional information, please visit www.ksgmac.com or call 847-853-5000.