Realogy

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

Realogy Holdings Corp.
Public
Traded as
IndustryReal estate
Founded2006
Headquarters
Madison, New Jersey, U.S.
Area served
United States, Global
Key people
Ryan Schneider (CEO)[1]
Charlotte Simonelli (CFO)
Dave Gordon (CTO)
Michael J. Williams (Chairman)
ProductsReal estate services
Revenue US$ 5.598 billion (2019)
US$ 5.782 billion (2018)[2]
US$ 349 million (2016)[3]
US$ 213 million (2016)[3]
Total assets US$ 7.421 billion (2016)[3]
Total equity US$ 2.469 billion (2016)[3]
Number of employees
11,800[4] (2017)
SubsidiariesBetter Homes and Gardens Real Estate
Century 21
Coldwell Banker
ERA Real Estate
Estately
ZipRealty
ZapLabs
Sotheby's International Realty
Realogy Brokerage Group
Realogy Title Group
Websiterealogy.com

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.[5] In late 2006, it was bought for $6.65 billion, plus debt and other liabilities, by Apollo Management, a private equity group.[6]

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.[7]

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 in 2017.

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. https://www.prnewswire.com/news-releases/realogy-reports-fourth-quarter-and-full-year-2019-financial-results-301010358.html
  3. "2016 Form 10-K, Realogy Holdings Corp". Realogy Holdings Corp. (via the U.S. Securities and Exchange Commission).
  4. "Realogy Holdings". Fortune. Retrieved 2018-12-31.
  5. "Cendant". Cendant. Archived from the original on 2007-03-11. Retrieved 2007-06-04.
  6. "Apollo to acquire Realogy for $6.65 billion". msnbc.com. 2006-12-18. Retrieved 2020-04-14.
  7. "Realogy Raises $1.08 Billion, Pricing IPO at Top End of Range". Bloomberg. Retrieved 27 May 2013.
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