| Industry | Real estate brokerage |
|---|---|
| Predecessor | National Realty Trust, Realogy Brokerage Group |
| Founded | 1996; 30 years ago (1996) |
| Fate | Acquired by Compass, Inc. |
| Headquarters | , |
NRT (National Realty Trust) was an American residential real estate brokerage company headquartered in Madison, New Jersey. It operated under the brands Corcoran Group, Sotheby's International Realty, and Coldwell Banker. It was rebranded as Realogy Brokerage Group in 2020, Anywhere Real Estate in 2022, and was acquired by Compass, Inc. in 2026.
History
[edit]National Realty Trust was formed in 1996 when Cendant, (then HFS Inc.) purchased Coldwell Banker. It was formed to acquire and operate residential real estate offices as franchised brokerages of Coldwell Banker, Century 21 Real Estate, and ERA Franchise Systems.[1]
In 2001, Barbara Corcoran sold Corcoran Group to NRT for $66 million.[2][3][4]
In 2002, Cendant bought out the interest in NRT owned by Apollo Global Management for about $230 million in stock and the assumption of about $300 million in net debt.[5]
By 2006, NRT had acquired 320 companies and had 1,000 offices and 64,000 sales associates in 35 markets in the United States.[5]
In April 2015, it acquired Coldwell Banker United, Realtors in Texas, Florida, North Carolina and South Carolina. It had 60 offices and 2,000 agents.[6][7][8]
In August 2016, it acquired Climb Real Estate, one of the 10 largest brokerages in San Francisco.[9][10][11]
In November 2017, it acquired Goodfellow Real Estate.[12]
In February 2020, the company was rebranded as Realogy Brokerage Group.[13] Realogy was rebranded as Anywhere Real Estate in 2022 and acquired by Compass, Inc. in 2026.
References
[edit]- ^ "National Realty Trust Purchase". Los Angeles Times. November 1, 1996.
- ^ Sorkin, Andrew Ross; Blair, Jayson (September 25, 2001). "Corcoran Sells Realty Firm She Founded". The New York Times.
- ^ Eng, Dinah (May 23, 2013). "Barbara Corcoran – From waitress to real estate queen". Fortune.
- ^ McGeveran, Tom (October 1, 2001). "Corcoran Sells Out to Giant Group NRT; Will Barbara Stay?". New York Observer.
- ^ a b Roberts Jr., Glenn (December 18, 2006). "The Cendant/Realogy real estate adventure". Bradley Inman.
- ^ "Realogy subsidiary NRT acquires regional brokerage firm". Northwest Florida Daily News. April 8, 2015.
- ^ Hagey, Paul (April 7, 2015). "Nation's largest brokerage acquires huge Coldwell Banker affiliate". Bradley Inman.
- ^ Roberts, Deon (April 7, 2015). "Coldwell Banker United Realtors being bought by New Jersey firm". The Charlotte Observer.
- ^ "Climb Real Estate Acquired by NRT" (Press release). PR Newswire. August 31, 2016.
- ^ South, Gill (August 31, 2016). "NRT snaps up Climb Real Estate". Bradley Inman.
- ^ Pender, Kathleen (August 31, 2016). "Nation's largest brokerage firm acquires SF's Climb Real Estate". SFGate.com.
- ^ Bosak, Chris (November 1, 2017). "NRT acquires Danbury real estate firm Goodfellow". The News-Times.
- ^ Solomont, E.B. (February 24, 2020). "Goodbye, NRT. Hello, Realogy Brokerage Group". The Real Deal.
- 1996 establishments in New Jersey
- American companies established in 1996
- Commercial real estate companies
- Companies based in Morris County, New Jersey
- Companies based in Orange County, California
- Financial services companies based in California
- Financial services companies based in New Jersey
- Financial services companies established in 1996
- Investment management companies of the United States
- Madison, New Jersey
- Mission Viejo, California
- Mortgage industry companies of the United States
- Parsippany–Troy Hills, New Jersey
- Property management companies
- Real estate companies established in 1996
- Real estate investment trusts of the United States
- Real estate services companies of the United States
- Realogy brands