News Feed Item
Realogy Subsidiary, NRT, Announces Strategic Growth in Residential Property Management Services
Acquires Dallas GTF Inc., a Leading Firm with 1,600 Residential Rental Properties Under Management in the Dallas/Fort Worth Market
|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®.
Logo - http://photos.prnewswire.com/prnh/20140311/MM81268LOGO
SOURCE NRT LLC
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud.
In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
Dec. 2, 2016 02:15 PM EST Reads: 1,497
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
In his session at 19th Cloud Exp...
Dec. 2, 2016 02:02 PM EST Reads: 195
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics.
In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Dec. 2, 2016 02:00 PM EST Reads: 4,806
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
Dec. 2, 2016 01:30 PM EST Reads: 5,686
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Dec. 2, 2016 01:30 PM EST Reads: 1,803
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 2, 2016 01:15 PM EST Reads: 2,069
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data.
In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Dec. 2, 2016 01:00 PM EST Reads: 1,381
Join Impiger for their featured webinar: ‘Cloud Computing: A Roadmap to Modern Software Delivery’ on November 10, 2016, at 12:00 pm CST.
Very few companies have not experienced some impact to their IT delivery due to the evolution of cloud computing. This webinar is not about deciding whether you should entertain moving some or all of your IT to the cloud, but rather, a detailed look under the hood to help IT professionals understand how cloud adoption has evolved and what trends will impact th...
Dec. 2, 2016 01:00 PM EST Reads: 2,440
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be.
We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Dec. 2, 2016 12:11 PM EST Reads: 224
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
Dec. 2, 2016 12:00 PM EST Reads: 1,825
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 2, 2016 12:00 PM EST Reads: 173
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation.
In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Dec. 2, 2016 11:45 AM EST Reads: 1,455
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files.
In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
Dec. 2, 2016 11:30 AM EST Reads: 3,739
In an era of historic innovation fueled by unprecedented access to data and technology, the low cost and risk of entering new markets has leveled the playing field for business. Today, any ambitious innovator can easily introduce a new application or product that can reinvent business models and transform the client experience. In their Day 2 Keynote at 19th Cloud Expo, Mercer Rowe, IBM Vice President of Strategic Alliances, and Raejeanne Skillern, Intel Vice President of Data Center Group and G...
Dec. 2, 2016 11:30 AM EST Reads: 1,847
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases.
In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 2, 2016 11:00 AM EST Reads: 402