Realogy
From Wikipedia, the free encyclopedia
Realogy (NYSE: H) is a real estate services company that owns and franchises several well-known real estate brands.
It was spun off from Cendant Corporation; on October 24, 2005, Cendant announced its decision to split into four separate companies, citing a necessity to diversify in appealing to stockholders and in an attempt to increase the value of the post-split up company. These four categories include "Real Estate, Travel Distribution, Hospitality and Vehicle Rental Companies." [1]
On July 31, 2006, the separation was completed, and Realogy became a separate company. Subsequently, the Cendant name has been completely retired.
On December 18, 2006, Realogy announced it had accepted a $6.6 billion buyout offer from private equity group Apollo Management.
[edit] Realogy franchises
- Century 21 Real Estate
- Coldwell Banker
- Coldwell Banker Commercial
- ERA Real Estate
- Sotheby's International Realty
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