{"id":11915,"date":"2020-10-01T16:30:00","date_gmt":"2020-10-01T20:30:00","guid":{"rendered":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/realogy-brokerage-group-announces-completion-of-property-frameworks-sale-to-homeriver-group\/"},"modified":"2020-10-01T16:30:00","modified_gmt":"2020-10-01T20:30:00","slug":"realogy-brokerage-group-announces-completion-of-property-frameworks-sale-to-homeriver-group","status":"publish","type":"post","link":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/realogy-brokerage-group-announces-completion-of-property-frameworks-sale-to-homeriver-group\/","title":{"rendered":"Realogy Brokerage Group Announces Completion Of Property Frameworks Sale To HomeRiver Group"},"content":{"rendered":"<style type=\"text\/css\">\n<p>\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}<\/p>\n<\/style>\n<p><span class=\"xn-location\">MADISON, N.J.<\/span>, <span class=\"xn-chron\">Oct. 1, 2020<\/span> \/PRNewswire\/ &#8212;&nbsp;Realogy Brokerage Group, the nation&#8217;s largest residential real estate brokerage company by sales volume, today announced the completed sale of its Property Frameworks residential property management company to HomeRiver Group (HRG), the nation&#8217;s leading provider of property management services for single-family and small multifamily properties. HRG will continue to offer property management and related services to the clients of Realogy Brokerage Group affiliated agents. <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n                        <a href=\"https:\/\/mma.prnewswire.com\/media\/1094548\/Realogy_Logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n                    <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1094548\/Realogy_Logo.jpg\" title=\"Realogy Logo (PRNewsfoto\/Realogy Holdings Corp.)\" alt=\"Realogy Logo (PRNewsfoto\/Realogy Holdings Corp.)\"\/><br \/>\n                        <\/a>\n                <\/p>\n<\/p><\/div>\n<p>The acquisition creates the largest third-party property management company of its type in <span class=\"xn-location\">the United States<\/span>, with approximately 25,000 homes under management, and increases HRG&#8217;s operations from 14 to 22 states, expanding the service market areas for Realogy Brokerage Group affiliated agents.<\/p>\n<p>&quot;The sale of Property Frameworks is a strategic move that allows us to further strengthen and hone the value proposition of our owned brokerage operations,&quot; said M. <span class=\"xn-person\">Ryan Gorman<\/span>, president and CEO of Realogy Brokerage Group. &quot;This transaction allows us to both simplify our core business and continue delivering high-quality services to the affiliated agents of Realogy Brokerage Group.&quot; <\/p>\n<p>Realogy Brokerage Group is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY). Financial terms of the transaction were not disclosed. <\/p>\n<p><b>About Realogy Brokerage Group<br \/><\/b>Realogy Brokerage Group, the nation&#8217;s largest residential real estate brokerage company in sales volume,&nbsp;operates a full-service real estate brokerage business with approximately 680 owned and operated brokerage offices with approximately 51,800 independent sales agents principally under the <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=3047872138&amp;u=https%3A%2F%2Fwww.coldwellbanker.com%2F&amp;a=Coldwell+Banker%C2%AE\" rel=\"nofollow noopener\"><span class=\"xn-person\">Coldwell Banker<\/span><sup>&reg;<\/sup><\/a>,&#x202f;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=400860262&amp;u=https%3A%2F%2Fwww.corcoran.com%2F&amp;a=Corcoran%C2%AE\" rel=\"nofollow noopener\">Corcoran<sup>&reg;<\/sup><\/a>,&#x202f;and&#x202f;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=433820046&amp;u=https%3A%2F%2Fwww.sothebysrealty.com%2Feng&amp;a=Sotheby%27s+International+Realty%C2%AE\" rel=\"nofollow noopener\">Sotheby&#8217;s International Realty<sup>&reg;<\/sup><\/a><sup>&nbsp;<\/sup>brand names in many of the largest metropolitan areas in the U.S.&nbsp;Realogy Brokerage Group is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY).<\/p>\n<p><b>About Realogy Holdings Corp.<br \/><\/b>Realogy Holdings Corp. (NYSE: RLGY) is the leading and most integrated provider of U.S. residential real estate services, encompassing franchise, brokerage, and title and settlement businesses as well as a mortgage joint venture.&nbsp; Realogy&#8217;s diverse brand portfolio includes some of the most recognized names in real estate:&nbsp;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=3477602150&amp;u=https%3A%2F%2Fwww.bhgre.com%2F&amp;a=Better+Homes+and+Gardens%C2%AE%E2%80%AFReal+Estate%2C\" rel=\"nofollow noopener\">Better Homes and Gardens<sup>&reg;<\/sup>&#x202f;Real Estate,<\/a>&#x202f;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=3770175681&amp;u=https%3A%2F%2Fwww.century21.com%2F&amp;a=CENTURY+21%C2%AE\" rel=\"nofollow noopener\">CENTURY 21<sup>&reg;<\/sup><\/a>,&#x202f;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=3047872138&amp;u=https%3A%2F%2Fwww.coldwellbanker.com%2F&amp;a=Coldwell+Banker%C2%AE\" rel=\"nofollow noopener\"><span class=\"xn-person\">Coldwell Banker<\/span><sup>&reg;<\/sup><\/a>,&#x202f;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=1317815826&amp;u=https%3A%2F%2Fwww.cbcworldwide.com%2F&amp;a=Coldwell+Banker+Commercial%C2%AE\" rel=\"nofollow noopener\">Coldwell Banker Commercial<sup>&reg;<\/sup><\/a>,&#x202f;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=400860262&amp;u=https%3A%2F%2Fwww.corcoran.com%2F&amp;a=Corcoran%C2%AE\" rel=\"nofollow noopener\">Corcoran<sup>&reg;<\/sup><\/a>,&#x202f;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=2616667881&amp;u=https%3A%2F%2Fwww.era.com%2F&amp;a=ERA%C2%AE\" rel=\"nofollow noopener\">ERA<sup>&reg;<\/sup><\/a>, and&#x202f;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=433820046&amp;u=https%3A%2F%2Fwww.sothebysrealty.com%2Feng&amp;a=Sotheby%27s+International+Realty%C2%AE\" rel=\"nofollow noopener\">Sotheby&#8217;s International Realty<sup>&reg;<\/sup><\/a>.&nbsp;Using innovative technology, data and marketing products, best-in-class learning and support services, and high-quality lead generation programs, Realogy fuels the productivity of independent sales agents, helping them build stronger businesses and best serve today&#8217;s consumers. Realogy&#8217;s affiliated brokerages operate around the world with approximately 187,500 independent sales agents in <span class=\"xn-location\">the United States<\/span> and more than 130,800 independent sales agents in 114 other countries and territories.&nbsp;Recognized for nine consecutive years as one of the&#x202f;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=352517955&amp;u=https%3A%2F%2Fwww.worldsmostethicalcompanies.com%2Fhonorees%2F%3F__hstc%3D222959556.d317b27b341713c70f7612836dad7527.1581395211108.1581395211108.1581395211109.1%26__hssc%3D222959556.1.1581395211110%26__hsfp%3D1856758919&amp;a=World%27s+Most+Ethical+Companies\" rel=\"nofollow noopener\">World&#8217;s Most Ethical Companies<\/a>, Realogy has also been designated a&#x202f;<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=2436566479&amp;u=https%3A%2F%2Fwww.realogy.com%2Fnews%2F2019%2F05%2F28%2Frealogy-earns-great-place-to-work-designation-for-second-consecutive-year&amp;a=Great+Place+to+Work\" rel=\"nofollow noopener\">Great Place to Work<\/a>&nbsp;and one of <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2935431-1&amp;h=4540&amp;u=https%3A%2F%2Fwww.realogy.com%2Fnews%2F2020%2F01%2F21%2Frealogy-named-to-forbes-2020-best-employers-for-diversity-list&amp;a=Forbes%27+Best+Employers+for+Diversity\" rel=\"nofollow noopener\">Forbes&#8217; Best Employers for Diversity<\/a>.&#x202f;Realogy is headquartered in <span class=\"xn-location\">Madison<\/span>, New Jersey.&#x202f;&nbsp;<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<\/div>\n<p>SOURCE  Realogy Brokerage Group<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY43639&amp;Transmission_Id=202010011230PR_NEWS_USPR_____NY43639&amp;DateId=20201001\" style=\"border:0px; width:1px; height:1px;\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MADISON, N.J., Oct. 1, 2020 \/PRNewswire\/ &#8212;&nbsp;Realogy Brokerage Group, the nation&#8217;s largest residential real estate brokerage company by sales volume, today announced the completed sale of its Property Frameworks residential property management company to HomeRiver Group (HRG), the nation&#8217;s leading provider of property management services for single-family and small multifamily properties. HRG will continue to [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-11915","post","type-post","status-publish","format-standard","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/comments?post=11915"}],"version-history":[{"count":0,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/posts\/11915\/revisions"}],"wp:attachment":[{"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/media?parent=11915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/categories?post=11915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.wordpress.realogydev.com\/anywherere\/wp-json\/wp\/v2\/tags?post=11915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}