Anywhere Real Estate
Anywhere Real Estate Inc., formerly Realogy (/ˈriːlədʒi/), is an American publicly owned real estate services company. It owns and franchises several real estate brands and brokerages, and offers consumer programs, lead generation, relocation, and title settlement services.[2]: 5–6
| Company type | Public |
|---|---|
| Industry | Real estate |
| Founded | 2006 |
| Headquarters | Madison, New Jersey, U.S. |
Area served | Global |
Key people |
|
| Products | Real estate services |
| Revenue | US$6.918 billion (2022) |
| US$435 million (2021) | |
| US$343 million (2021) | |
| Total assets | US$7.21 billion (2021) |
| Total equity | US$2.19 billion (2021) |
Number of employees | 9,665 (2021) |
| Subsidiaries | Anywhere Advisors Anywhere Brands Anywhere Integrated Services Better Homes and Gardens Real Estate Cartus Century 21 Coldwell Banker Corcoran Group ERA Real Estate Sotheby's International Realty |
| Website | anywhere |
| Footnotes / references [2] | |
History edit
In 2005, Cendant split off all but its car rental interests into separate companies. Realogy was formed to group its real estate activities; shares in the new company were distributed to existing Cendant shareholders.[3] In late 2006, it was bought for $6.65 billion, plus debt and other liabilities, by Apollo Global Management, a private equity group.[4]
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]
In May 2022, Realogy announced that the company would be changing its name from Realogy Holdings Corp. to Anywhere Real Estate Inc.[7] This went into effect on 9 June 2022.[8]
Brands edit
- Better Homes and Gardens Real Estate
- Cartus
- Century 21 Real Estate
- Coldwell Banker
- Coldwell Banker Commercial [9]
- Corcoran Group
- ERA Real Estate (founded as Electronic Realty Associates Inc.)
- Sotheby's International Realty
References edit
- ^ a b Feeney, Caroline (23 October 2017). "Ryan Schneider of Capital One will take over Realogy as CEO Richard Smith to retire after 21 years leading the real estate giant". Inman. Retrieved 23 October 2017.
- ^ a b "2021 Form 10-K, Realogy Holdings Corp". U.S. Securities and Exchange Commission. 25 February 2022.
- ^ . Cendant. Archived from the original on 2007-03-11. Retrieved 2007-06-04.
- ^ "Apollo to acquire Realogy for $6.65 billion". msnbc.com. 2006-12-18. Retrieved 2020-04-14.[1]
- ^ "Realogy Raises $1.08 Billion, Pricing IPO at Top End of Range". Bloomberg. Retrieved 27 May 2013.
- ^ "Realogy to Relocate Headquarters and 950 Jobs to Madison". patch.com. 2011-11-28.
- ^ "Realogy rebranding as Anywhere Real Estate". therealdeal.com. 2022-05-11.
- ^ "Form 8-K, Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year". U.S. Securities and Exchange Commission. 9 June 2022.
- ^ "ANYWHERE REAL ESTATE INC. NAMED A GREAT PLACE TO WORK® FOR FIFTH YEAR IN A ROW". www.prnewswire.com. Retrieved 2023-02-18.