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Carrington Property Network Becomes One of the Nation's Largest Broker Networks in Just Over One Year

Carrington's growing network now includes 48 leading brokerages, 1,057 offices and nearly 33,000 agents in key markets across the U.S.

SANTA ANA, Calif., Feb. 20, 2014 /PRNewswire/ -- Carrington Property Network (CPN), an exclusive national network of leading residential real estate brokerage firms, today announced that it has grown to become one of the largest broker networks in the U.S. in just over one year. Since its November 2012 launch, CPN has expanded to include 48 of the nation's largest and highest-producing franchised and independent residential real estate brokerages, 1,057 offices and nearly 33,000 agents generating a combined total sales volume in excess of $59 billion.

(Logo: http://photos.prnewswire.com/prnh/20140220/LA68594LOGO)

A division of the corporately owned and operated national brokerage Carrington Real Estate Services (US), LLC (Carrington), CPN was created to complement the resale and relocation capabilities provided by residential brokerage companies with best-in-class institutional real estate services. Powered by Carrington, the predominant supplier of institutional real estate services in the residential brokerage industry, CPN now optimizes the service offerings of brokerages in all major U.S. markets.

"We are very pleased with the incredible growth of the CPN network and with the response this initiative has received from leading brokerages across the country," said Carrington Holding Company Chief Real Estate Officer Steve Ozonian. "With the combined coverage of its own brokerage and CPN, Carrington is now positioned to provide institutional real estate services coverage in major markets across the U.S."

CPN's carefully selected member brokerages have access to Carrington's institutional real estate services including internet leads, asset management and property preservation as well as REO listings, short sale leads, investor buyers, property management and BPO fulfillment services. To qualify for membership, firms must be ranked among the top five in their market in terms of transactions and sales volume, and have the infrastructure in place to manage institutional business. Leading residential brokerage companies interested in becoming a CPN member should visit the CPN website to submit an inquiry.

About Carrington Property Network

Carrington Property Network (CPN) is an exclusive national network of leading residential real estate brokerage firms. A division of Carrington Real Estate Services (US), LLC, CPN was launched in November 2012 to assist qualified firms with increasing their business by facilitating their participation in the distressed property market and by enabling them to work with institutional real estate investors. CPN members have access to Carrington's institutional real estate services as well as REO listings, short sale leads, investor buyers, and property management and Broker Price Opinion (BPO) fulfillment services. CPN brokerage firms are selected by Carrington and must be ranked among the top five in their market in terms of transactions and sales volume, and have the infrastructure in place to manage institutional business in order to qualify for consideration for CPN membership. For more information, please visit www.carringtonpn.com.

About Carrington Holding Company

Carrington Holding Company, LLC (CHC) owns and operates multiple businesses that cover virtually every aspect of single family residential real estate transactions – investments in U.S. real estate and mortgage markets, loan origination and servicing, asset management and property preservation, real estate sales and rental, title and escrow services.

Some of CHC's affiliate companies include Carrington Real Estate Services, LLC, Carrington Capital Management, LLC, Carrington Investment Services, LLC, Carrington Mortgage Services, LLC, Carrington Property Services, LLC, Carrington Home Solutions, L.P., Carrington Escrow, Inc., Carrington Title Services, LLC and Carrington Technology Solutions, LLC. Carrington Mortgage Services, LLC is an equal housing opportunity lender. To learn more about Carrington Holding Company, visit our website at www.carringtonhc.com.

Contacts:       

Michelle Schneider
Office: (949) 517-7197
Mobile: (760) 419-2543
Michelle.Schneider@carringtonmh.com

Christine Stricker
Office: (949) 517-7313
Mobile: (714) 873-4275
Christine.Stricker@carringtonmh.com

SOURCE Carrington Property Network

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