Real estate brokerage and franchise company Realogy Corp. reported a $797 million net loss in 2007 for the period since its April 10 acquisition by an affiliate of private equity firm Apollo Management LP.
The company also reported a $44 million net loss for the period from Jan. 1, 2007, through April 9, 2007. That compares with net income of $365 million in 2006 and net income of $627 million in 2005. more…
Tags: Industry News · Inman Real Estate · Real estate brokerage · apollo · brokerage · earnings · franchise · glenn roberts jr. · net loss · realogy
Despite the tough market, RE/MAX International reported on Tuesday that the company sold 940 franchises in 2007 and boosted its net office count by 4 percent compared to the prior year.
The company had 7,016 offices at the close of 2007. Texas, the Carolinas and Florida had the highest franchise growth in the United States, and Italy, Portugal and the Czech Republic led overseas franchise sales, the company announced. more…
Tags: Industry News · Inman Real Estate · Real estate brokerage · brokerage · franchise · liniger · re/max · realogy
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