Corporate Profile for NRT Incorporated, dated February 12, 1999.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and online services, including all of the leading Internet-based services.
Published Date: February 12, 1999
Company Name: NRT Incorporated
Address: 6 Sylvan Way,
Parsippany, NJ
07054
Main Telephone
Number: 973/496-5700
Internet Home
Page Address
(URL): www.nrtinc.com
Chief Executive
Officer: Bob Becker
Chief Financial
Officer: Greg Hunt
Investor Relations
Contact: Jim Huseby
Business number: 973-496-4980
Corporate Communications
Contact: Chris Laureys
Business number: 973-496-4948
Trading Symbol/
Exchange: N/A
Industry: Real Estate
Company description: NRT INCORPORATED NRT Incorporated is the nation's largest residential real estate brokerage company. It is a subsidiary of Realogy Corporation. NRT's commercial operations rank as the twelfth largest corporate-owned commercial real estate brokerage in the country. is the nation's largest residential real estate brokerage with approximately 690 offices in 18 of the 30 largest U.S. metropolitan markets and annual sales volume five times that of its nearest competitor. NRT's formation can be traced to May 1996, when HFS (Hierarchical File System) The file system used in the Macintosh. The first version, known as "Mac OS Standard," was introduced in 1985. HFS+, an enhanced version, came out in 1998 in preparation for the upcoming Mac OS X operating system. Incorporated (now Cendant Cendant Corporation was a New York-based provider of business and consumer services, primarily within the real estate and travel industries. Although the company was based out of New York City, the majority of Cendant's headquarters employees were located in Parsippany-Troy Hills, Corporation) purchased Coldwell Coldwell may refer to:
REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Trust" to own the 370 brokerage offices then owned by Coldwell Banker. Given its new relationship with HFS, all companies acquired by National Realty Trust became affiliated with one of three HFS brands: COLDWELL BANKER(R), ERA(R) and CENTURY 21(R). To facilitate faster acquisition growth than a trust could accommodate, HFS and Apollo Management Apollo Management L.P. is a private equity L.P. firm, founded in 1990 by Leon Black (Apollo Advisors). Based in New York, it also has offices in Los Angeles and London. It has invested over $16 billion in companies inside and outside the of the United States. L.P. formed "NRT Incorporated" in August 1997 and committed approximately $700 million in funding for acquisitions. (An additional $1 billion in acquisition capital was subsequently committed.) As of year-end 1998, NRT NRT Nicotine Replacement Therapy NRT Norm-Referenced Test NRT near real time NRT Non-Real-Time NRT National Response Team NRT Tokyo, Japan - Narita (Airport Code) NRT Net Registered Tonnage had acquired 28 multi-office and 36 single-office brokerages, adding approximately $1.1 billion to its annual Gross Commission Income. This February, NRT announced it had filed a Registration Statement with the SEC for a proposed $225 million initial public offering of common stock which it expects to complete in the first half of 1999. |
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