Welcome!

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

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.

NRT logo

"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®

Media Contact: 
Mark Panus
(973) 407-7215 
[email protected]

Logo - http://photos.prnewswire.com/prnh/20140311/MM81268LOGO

SOURCE NRT LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
With more than 30 Kubernetes solutions in the marketplace, it's tempting to think Kubernetes and the vendor ecosystem has solved the problem of operationalizing containers at scale or of automatically managing the elasticity of the underlying infrastructure that these solutions need to be truly scalable. Far from it. There are at least six major pain points that companies experience when they try to deploy and run Kubernetes in their complex environments. In this presentation, the speaker will d...
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations might...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
When building large, cloud-based applications that operate at a high scale, it's important to maintain a high availability and resilience to failures. In order to do that, you must be tolerant of failures, even in light of failures in other areas of your application. "Fly two mistakes high" is an old adage in the radio control airplane hobby. It means, fly high enough so that if you make a mistake, you can continue flying with room to still make mistakes. In his session at 18th Cloud Expo, Le...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
As Cybric's Chief Technology Officer, Mike D. Kail is responsible for the strategic vision and technical direction of the platform. Prior to founding Cybric, Mike was Yahoo's CIO and SVP of Infrastructure, where he led the IT and Data Center functions for the company. He has more than 24 years of IT Operations experience with a focus on highly-scalable architectures.
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
CI/CD is conceptually straightforward, yet often technically intricate to implement since it requires time and opportunities to develop intimate understanding on not only DevOps processes and operations, but likely product integrations with multiple platforms. This session intends to bridge the gap by offering an intense learning experience while witnessing the processes and operations to build from zero to a simple, yet functional CI/CD pipeline integrated with Jenkins, Github, Docker and Azure...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Dhiraj Sehgal works in Delphix's product and solution organization. His focus has been DevOps, DataOps, private cloud and datacenters customers, technologies and products. He has wealth of experience in cloud focused and virtualized technologies ranging from compute, networking to storage. He has spoken at Cloud Expo for last 3 years now in New York and Santa Clara.
Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.