Anywhere Real Estate Inc., formerly Realogy (), is an American
publicly traded
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) co ...
real estate services company. It owns and
franchises
Franchise may refer to:
Arts, entertainment, and media
* Media franchise, a collection of related creative works, such as films, video games, books, etc., particularly in North American usage
* "Franchise" (short story), a 1955 short story ...
several real estate brands and brokerages, and offers consumer programs,
lead generation
In marketing, lead generation () is the process of creating consumer interest or inquiry into the products or services of a business. A lead is the contact information and, in some cases, demographic information of a customer who is intereste ...
,
relocation, and title settlement services.
History
In 2005,
Cendant
Cendant Corporation was an American provider of business and consumer services, primarily within the real estate and travel industries. In 2005 and 2006, it broke up and spun off or sold its constituent businesses. Although it was based in New Yo ...
split off all but its car rental interests into separate companies. Realogy was formed to group its real estate activities; shares in the new company were distributed to existing Cendant shareholders.
In late 2006, it was bought for $6.65 billion, plus debt and other liabilities, by
Apollo Global Management
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capita ...
, a private equity group.
The company was listed on the
New York Stock Exchange
The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It is the List of stock exchanges, largest stock excha ...
in 2012; 40 million shares were sold at $27 each, raising US$1.08 billion.
In 2013, the company moved its head office from
Parsippany-Troy Hills, New Jersey to
Madison, New Jersey. Ryan Schneider succeeded Richard A. Smith as
chief executive officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization.
CEOs find roles in variou ...
in 2017.
In May 2022, Realogy announced that the company would be changing its name to Anywhere Real Estate Inc. This went into effect on 9 June 2022.
Brands
* Anywhere Advisors (formerly
NRT)
*
Better Homes and Gardens Real Estate
* Cartus
*
Century 21 Real Estate
*
Coldwell Banker
Coldwell Banker Real Estate LLC is an American real estate franchise owned by Anywhere Real Estate, with headquarters in Madison, New Jersey. It was founded in 1906 in San Francisco, and has approximately 3000 offices in 49 countries and terri ...
* Coldwell Banker Commercial
*
Corcoran Group
Corcoran Group is an American real estate firm founded in 1973 by Barbara Corcoran.
History
Barbara Corcoran, a former diner waitress, founded her own real estate company in 1973 with a $1,000 loan. In 2001, Barbara Corcoran sold her company ...
* ERA Real Estate (founded as Electronic Realty Associates Inc.)
*
Sotheby's International Realty
Sotheby’s International Realty is a luxury real estate brand founded in 1976 by Sotheby's fine art dealers. Sotheby's International Realty operates as a franchise focusing on brokering and marketing of residential real estate.
As of 2018, th ...
References
{{Portal bar, Business and economics
Real estate companies established in 2006
Realogy brands
Companies based in Morris County, New Jersey
Real estate services companies of the United States
2012 initial public offerings
Companies listed on the New York Stock Exchange
Corporate spin-offs
2007 mergers and acquisitions
Franchises