|By PR Newswire||
|August 11, 2014 11:17 AM EDT||
MADISON, N.J., Aug. 11, 2014 /PRNewswire/ -- NRT LLC, a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), today announced the formation of a new national residential property management division within NRT and the acquisition of a leading property management firm in the Dallas/Fort Worth market. In consolidating its current local operations with approximately 20,000 residential properties under management, NRT will accelerate its strategic objective of growing its leadership position in residential property management services on a national basis.
"This is the first of several adjacent growth initiatives underway to complement NRT's residential real estate brokerage model and enhance overall profitability," said Bruce Zipf, NRT's president and chief executive officer. "We are going to leverage our presence in 40 of the top 100 U.S. markets to grow our position in residential property management services in order to better serve single family rental investors, who are buyers today and may be sellers in the future, as well as to develop relationships with today's renters who may be tomorrow's home purchasers."
Specifically, NRT has acquired the assets of Dallas GTF Inc., which does business as Get There First Realty Services and is based in Dallas, Texas. Get There First Realty is a property management services firm with approximately 1,600 rental properties under management across the Dallas/Fort Worth Metroplex. Get There First Realty will become an integral part of NRT's newly created property and asset management services division, and the company's founder and president Mark H. Kreditor, will join NRT as a vice president. Kreditor is past president of the National Association of Residential Property Managers (NARPM), and is widely recognized as among the foremost national authorities on single family property management.
NRT formed this new national division in July with the appointment of industry veteran Robert Way as president of NRT's property and asset management services division. Way is a 17-year Realogy veteran, who most recently served as a senior vice president with its Title Resource Group (TRG) subsidiary. The division now oversees management of NRT's extensive local property management and related activities, which are comprised of 20,000 short- and long-term rentals and bank real estate owned (REO) properties.
"By combining our local property and asset management services into one national division, we are making a strong commitment to strategically growing our leadership position in this sector, with an emphasis on delivering levels of client service and professionalism that will continue to raise the bar for the industry," said M. Ryan Gorman, senior vice president of strategic operations with NRT.
"We believe Robert Way, along with Mark Kreditor, will provide the right leadership focus to propel NRT forward in this business growth opportunity," added Gorman.
Previously, Way served as chief operating officer for TRG's Texas American Title and American Title Company of Houston, and its underwriter, Title Resource Guaranty Company. Prior to joining TRG, Way worked for five years in London for Cendant Europe where he served as senior vice president of business operations for the Vacation Rental Group, which managed tens of thousands of vacation rental properties located in the U.K., France, Italy, Germany, Spain, Denmark and other European destinations.
"I could not be more thrilled to announce our first asset acquisition since launching this initiative along with Mark Kreditor's appointment as the first member of my national property management leadership team," said Way. "Both Mark and Get There First Realty exemplify precisely the type of tireless dedication to client service, and forward-thinking innovation that we believe will characterize NRT's property and asset management culture and reputation in the years to come. We are honored to welcome Mark and his team."
Formed in 1981, Get There First Realty today manages more than $130 million worth of residential properties, mostly held by individual owners who remain clients for years.
"We have always put our clients first, and we constantly strive to find or develop new ways to serve our clients," said Kreditor. "In joining forces with NRT, we are taking our clients, and our team, to the next level. The vision Robert and I share for where this organization, and this industry, can and should be on a national level is truly exciting."
About NRT LLC
With approximately 700 offices and 43,000 independent sales associates, NRT LLC owns and operates real estate brokerage companies that do business in more than 40 of the 100 largest metropolitan areas in the United States. NRT, its affiliated companies, marketing partners or joint ventures also provide mortgage, title, insurance, escrow, warranty, relocation, concierge and property and asset management services to customers and clients of NRT's family of companies. A subsidiary of Realogy Holdings Corp. (NYSE: RLGY), NRT operates Realogy's company-owned real estate brokerage offices under the brand names of Coldwell Banker®, Coldwell Banker Commercial®, ERA®, Sotheby's International Realty® and The Corcoran Group®.
SOURCE NRT LLC
Learn how to solve the problem of keeping files in sync between multiple Docker containers. In his session at 16th Cloud Expo, Aaron Brongersma, Senior Infrastructure Engineer at Modulus, discussed using rsync, GlusterFS, EBS and Bit Torrent Sync. He broke down the tools that are needed to help create a seamless user experience. In the end, can we have an environment where we can easily move Docker containers, servers, and volumes without impacting our applications? He shared his results so yo...
Jul. 31, 2015 11:45 PM EDT Reads: 782
Palerra, the cloud security automation company, announced enhanced support for Amazon AWS, allowing IT security and DevOps teams to automate activity and configuration monitoring, anomaly detection, and orchestrated remediation, thereby meeting compliance mandates within complex infrastructure deployments. "Monitoring and threat detection for AWS is a non-trivial task. While Amazon's flexible environment facilitates successful DevOps implementations, it adds another layer, which can become a ...
Jul. 31, 2015 10:15 PM EDT Reads: 307
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
Jul. 31, 2015 04:30 PM EDT Reads: 425
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Jul. 31, 2015 03:00 PM EDT Reads: 493
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Jul. 31, 2015 02:30 PM EDT
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Jul. 31, 2015 02:30 PM EDT Reads: 276
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Jul. 31, 2015 02:00 PM EDT Reads: 367
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Jul. 31, 2015 01:45 PM EDT Reads: 109
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Jul. 31, 2015 11:45 AM EDT Reads: 124
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Jul. 31, 2015 11:45 AM EDT Reads: 134
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Jul. 31, 2015 10:00 AM EDT Reads: 146
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Jul. 31, 2015 08:45 AM EDT Reads: 305
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Jul. 31, 2015 08:00 AM EDT Reads: 165
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Jul. 30, 2015 07:30 PM EDT Reads: 1,403
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
Jul. 30, 2015 06:30 PM EDT Reads: 895