atlanta commercial real estate General Information
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NRT Incorporated is the nation's largest residential real estate brokerage company. It is a subsidiary of Realogy Corporation. NRT's commercial operations rank as the twelfth largest corporate-owned commercial real estate brokerage in the country. It's headquarters are located in Parsippany, New Jersey.
Company History
- In 1996, Cendant, which was known as HFS Incorporated at the time, formed a National Realty Trust when the company purchased Coldwell Banker Corporation in order to purely remain a franchisor. The initial purpose of the National Realty Trust was to own the nearly 400 brokerage offices that had been acquired in the Coldwell Banker purchase. It was also responsible for continuing to acquire offices and renaming the new companies with one of Cendant's brand names (Coldwell Banker, ERA and Century 21).
- It was in August 1997 that Cendant and Apollo Management formed the company that stands today; NRT Incorporated. The joint venture operation was established because they desired more acquisition growth than a trust could handle. Subsequently, major acquisitions were made in 1997 in both Northern and Southern California as well as expansion in Cincinnati.
- In 1998, NRT entered new markets in Atlanta, Baltimore, Boston, Denver, Minnesota and Washington, D.C. Significant additions to NRT's Florida and New Jersey holdings were also made.
- The company continued to grow in 1999, entering Dallas/Fort Worth, Harrisburg and Milwaukee markets. With these new holdings, NRT reached its 100th acquisition mark.
- In 2000, NRT set a "real estate industry record, surpassing $100 billion in closed sales volume" and acquired Fred Sands Realtors, a $5 billion company based in Los Angeles. By the end of the year, NRT had acquired over 150 companies.
- NRT entered Columbus, Ohio, New York City, and Utah markets in 2001 and continued to make acquistions in St. Louis, Dallas/Fort Worth, Lake Tahoe, Denver, Atlanta, Sacramento and San Diego.
- In 2002, NRT's ownership arrangement was changed in a very big way. Cendant decided to acquire 100 percent of NRT's common stock and thus bought out Apollo Management. It was a "$224 million stock deal in which Cendant paid the $166 million that NRT was slated to pay Apollo as part of the original joint venture agreement." NRT incorporated itself within Cendant, operating within its Real Estate Services division. By years end it had acquired the largest independent real estate firms in Florida and the New England area. NRT's corporate headquarters relocated from Mission Viejo, California to the NRT Home Office in Parsippany, New Jersey, as well.
atlanta commercial real estate In Detail
Then over one of the ace Metro Atlanta commercial real estate resources, the Metro Atlanta Foyer of Commerce provides types of buildings resembling due to office, flex, industrial or warehouse, and retail for the Metro Atlanta commercial real estate companies more materials.
Commercial real estate continues to be strong in Metro Atlanta and across the country. I have sold over $3,000,000 worth of commercial property thus far in 2007 mostly due to the reasons explained in this article from Realtor Magazine Online:What’s kept the economy perking during the housing slowdown? Look to the commercial real estate market...
Maxsell Real Estate serves the I-575 Corridor of Northwest Atlanta, including Cobb, Cherokee, Pickens and Gilmer counties. We are active in many sectors of the real estate industry including residential, commercial, industrial and land brokerage. From office buildings to shopping centers to industrial warehouses, from single lots to ...
Maxsell Real Estate proudly serves the I-575 Corridor of Northwest Atlanta, including Cobb, Cherokee, Pickens and Gilmer counties. We are active in many sectors of the real estate industry including residential, commercial, industrial and land brokerage. From ...
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