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The trust was responsible for the nearly 400 brokerage offices that had been acquired in the Coldwell Banker purchase as well as continuing to acquire offices and renaming them with one of Cendant's brand names (Coldwell Banker, ERA and Century 21). [2] In August 1997, Cendant and Apollo Management formed the current company – NRT LLC.
Coldwell Banker Real Estate LLC is an American real estate franchise owned by Anywhere Real Estate, with headquarters in Madison, New Jersey. It was founded in 1906 in San Francisco , [ 1 ] and has approximately 3000 offices in 49 countries and territories. [ 2 ]
Century 21 Real Estate LLC is an American real estate agent franchise company founded in 1971. The system consists of approximately 14,000 independently owned and operated franchised broker offices in 86 countries and territories worldwide with over 147,000 sales professionals. [2]
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In 1981, Coldwell Banker was acquired by Sears. [11] In 1989, Sears sold Coldwell Banker's commercial unit to a management-led buyout group including The Carlyle Group for approximately $300 million. [12] [13] [14] After the buyout, the company was renamed CB Commercial Real Estate Group. [15] The residential group retained the Coldwell Banker ...
The company was listed on the New York Stock Exchange in 2012; 40 million shares were sold at $27 each, raising US$1.08 billion. [5] In 2013, the company moved its head office from Parsippany-Troy Hills, New Jersey to Madison, New Jersey. [6] Ryan Schneider succeeded Richard A. Smith as chief executive officer in 2017. [1]
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