ERA Real Estate
 |
|
| Public | |
| Traded as | : RLGY |
| Industry | Real estate |
| Founded | 2006 |
| Headquarters | 175 Park Avenue Madison, New Jersey, USA |
|
Area served
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United States, Global |
|
Key people
|
Richard A. Smith (Chairman, CEO) Anthony E. Hull, MBA (CFO, Treasurer) |
| Products | Real estate services |
| Revenue |
 US$ 5.81 billion (2016)
|
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US$ 349 million (2016)
|
|
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US$ 213 million (2016)
|
|
| Total assets |
 US$ 7.421 billion (2016)
|
| Total equity |
US$ 2.469 billion (2016)
|
|
Number of employees
|
11,800 (2016) |
| Subsidiaries |
Better Homes and Gardens Real Estate Century 21 Real Estate Coldwell Banker ERA Real Estate ZipRealty Sotheby's International Realty NRT |
| Website | www |
Realogy Holdings Corporation (pronounced "rēl′ ə jē", as in "real" estate) (: RLGY) is an American publicly owned company that provides real estate and relocation services. It owns and franchises several real estate brands and brokerages. It also provides relocation, title and settlement services.
Realogy was created as a result of an October 24, 2005 announcement by Cendant that it had decided to split into four separate companies, citing a necessity to diversify in appealing to stockholders and in an attempt to increase the value of the post-split up company. These four categories include "Real Estate, Travel Distribution, Hospitality and Vehicle Rental Companies."
On July 31, 2006, the separation was completed, and Realogy became a self-operating company. Subsequently, the Cendant name has been completely retired.
On December 18, 2006, Realogy announced it had accepted a $8.5 billion buyout offer from private equity group Apollo Management. The transaction closed on April 10, 2007.
On October 10, 2012, Realogy became a publicly owned company. In its initial public offering (IPO), the company sold 40 million shares at $27 each, raising $1.08 billion (US).
Realogy's business units include Better Homes and Gardens Real Estate, CENTURY 21, Coldwell Banker, Coldwell Banker Commercial, The Corcoran Group, ERA, Sotheby's International Realty, ZipRealty, NRT LLC, Cartus, Title Resource Group and ZapLabs, its innovation and technology development subsidiary. Collectively, Realogy's franchise system members operate approximately 14,100 offices with 272,300 sales associates doing business in 112 countries and territories around the world. In 2016, Realogy earned $5.81 billion in revenue.
Realogy is led by Chairman, CEO & President Richard A. Smith. Smith was appointed to the Bipartisan Policy Center's newly formed Housing Commission in December 2011. Smith also was named among SmartMoney magazine's "Power 30: The World’s Most Influential Players," in October 2011. In January 2016, he was named the Most Powerful Person in Residential Real Estate Brokerage for the third consecutive year, according to the Swanepoel Power 200 rankings.
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Wikipedia