Corcoran swallows up Hamptons powerhouse, Allan Schneider.

NRT Incorporated, the largest residential real estate brokerage company in the United States, announced that under the banner of The Corcoran Group, it has acquired the assets of Allan M. Schneider Associates, Inc., in Bridgehampton, N.Y.

NRT, a subsidiary of Realogy Corporation (NYSE: H), operates Realogy's company-owned real estate brokerage offices, including The Corcoran Group. Terms of the deal were not disclosed.

The announcement joins together The Corcoran Group and Allan Schneider Associates, the two largest residential real estate companies on Long Island's East End. On a combined basis in the region, the two companies have 475 sales professionals who accounted for $2.6 billion in closed sales volume during the last 12 months. Allan Schneider Associates' 12 offices will now operate as The Corcoran Group.

Peter Hallock, Timothy Davis and Peggy Griffin, principals for Allan Schneider Associates, will remain with the newly combined organization as senior managing directors, and will continue to manage the Southampton, Bridgehampton and Easthampton offices, respectively. Marty Gleason will serve as vice president of operations for the Hamptons region, and Rick Hoffman will continue to lead The Corcoran Group's Hamptons operations as regional vice president.

"Allan Schneider Associates is one of the most well-known and highly regarded firms in the real estate industry, and we're deeply honored to welcome their talented team to The Corcoran Group," said Pamela Liebman, NRT regional senior vice president and president and CEO for Corcoran.

For over 30 years, Allan Schneider Associates has been a major force in East End real estate, specializing as a luxury residential real estate brokerage in the Hamptons, on Shelter Island and the North Fork.