NRT is the acquisition arm of Cendant Corp., which owns the Century 21, Coldwell Banker, and ERA franchise brands.
Not exact matches
When Contempo
was acquired in 1997 by
NRT Inc., Cendant's
acquisition arm, Moles moved up to the top spot at Century 21.
According to its annual report,
NRT expects that
acquisition activities will
be «re-energized, following what some observers have considered a hiatus in recent months,» thanks to a significant number of new
acquisitions now in the pipeline.
Meanwhile,
NRT, a brokerage
acquisition unit Cendant owns jointly with another company, has
been steadily acquiring large independents in target markets.
Three universally acknowledged «buyers»
are NRT Inc. (affiliated with HFS Inc. as its largest franchisee); Insignia Financial Services, the nation's leading residential property management company, which recently entered the residential brokerage business through the
acquisition of Realty One of Cleveland, a large national independent company; and Amerus Inc., an Iowa - based financial conglomerate whose holdings include megabrokers Iowa Realty, headquartered in Des Moines, and Edina Realty, another large national independent, with main offices in Greater Minneapolis.
By reorganizing
NRT's existing rental management operations, integrating strategic
acquisitions, and creating a new national brand, Property Frameworks
is committed to servicing and growing the property management sector.
Of course, the highlight
was our
acquisition by
NRT, one of the largest real estate organizations in the country.