Realogy Article

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Realogy Holdings Corp.
Public
Traded as
Industry Real estate
Founded2006
Headquarters Madison, New Jersey, U.S.
Area served
United States, Global
Key people
Ryan Schneider (CEO) [1]
Anthony E. Hull, MBA (CFO, Treasurer)
ProductsReal estate services
RevenueIncrease US$ 5.81 billion (2016) [2]
Increase US$ 349 million (2016) [2]
Increase US$ 213 million (2016) [2]
Total assetsDecrease US$ 7.421 billion (2016) [2]
Total equityIncrease US$ 2.469 billion (2016) [2]
Number of employees
11,800 (2016) [2]
Subsidiaries Better Homes and Gardens Real Estate
Century 21
Coldwell Banker
ERA Real Estate
ZipRealty
ZapLabs
Sotheby's International Realty
NRT
Title Resource Group
Cartus
Website realogy.com

Realogy Holdings Corp. (pronounced "rēl′ ə jē", as in "real" estate) is an American publicly owned company real estate and relocation services company. It owns and franchises several real estate brands and brokerages, and offers relocation, title and settlement services.[ citation needed]

History

In 2005 Cendant 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. [3] In late 2006, it was bought for $8.5 billion by Apollo Management, a private equity group.[ citation needed]

The company was listed on the New York Stock Exchange in 2012; 40 million shares were sold at $27 each, raising US$1.08 billion. [4]

In 2013 the company moved its head office from Parsippany-Troy Hills, New Jersey to Madison, New Jersey.[ citation needed] Ryan Schneider succeeded Richard A. Smith as chief executive officer in 2017.[ citation needed]

References

  1. ^ Feeney, Caroline (23 October 2017). "Ryan Schneider of Capital One will take over Realogy as CEO Richard Smith to retire after 21 years leading the real estate giant". Inman. Retrieved 23 October 2017.
  2. ^ a b c d e f "2016 Form 10-K, Realogy Holdings Corp". Realogy Holdings Corp. (via the U.S. Securities and Exchange Commission).
  3. ^ "Cendant". Cendant. Archived from the original on 2007-03-11. Retrieved 2007-06-04.
  4. ^ "Realogy Raises $1.08 Billion, Pricing IPO at Top End of Range". Bloomberg. Retrieved 27 May 2013.