NRT (company)
| Company type | Subsidiary |
|---|---|
| Industry | Residential real estate brokerage |
| Predecessor | Realogy Brokerage Group, NRT, National Realty Trust |
| Founded | 1996 |
| Headquarters | Madison, New Jersey , United States |
Area served | United States |
| Parent | Anywhere Real Estate, Inc. |
Anywhere Advisors (previously known as Realogy Brokerage Group, NRT, or National Realty Trust) is a U.S.-based residential real estate brokerage firm with its headquarters situated in Madison, New Jersey. It operates as a subsidiary of Anywhere Real Estate, Inc., formerly Realogy Holdings Corp. By 2022, the enterprise managed and owned more than 40 brokerage companies spanning roughly 55 American markets, mainly represented by the brands Coldwell Banker, Coldwell Banker Commercial, Sotheby's International Realty, and Corcoran Group.
History
The inception of National Realty Trust dates back to 1996 when Cendant, then known as HFS Inc., acquired the Coldwell Banker Corporation. Following this acquisition, the trust oversaw close to 400 brokerage offices and proceeded to expand by acquiring and rebranding additional offices under Cendant’s prominent brands such as Coldwell Banker, ERA, and Century 21.
In August 1997, Cendant collaborated with Apollo Management to establish NRT LLC, facilitating rapid growth through acquisitions. That same year, NRT extended its footprint into regions including Northern and Southern California as well as Cincinnati, Ohio.
By 1998, NRT had entered significant metropolitan areas such as Atlanta, Baltimore, Boston, Denver, Minnesota, and Washington, D.C., while also substantially increasing its presence in Florida and New Jersey.
The expansion persisted in 1999 with market entries into Dallas/Fort Worth, Harrisburg (Pennsylvania), and Milwaukee (Wisconsin), marking NRT’s centennial acquisition milestone.
In 2000, NRT achieved a landmark in the real estate sector by exceeding $100 billion in closed sales volume and acquired Fred Sands Realtors, a Los Angeles-based firm with $5 billion in sales volume. By the end of that year, NRT had completed over 150 acquisitions.
Further growth occurred in 2001 with expansions into Columbus (Ohio), New York City, and Utah markets. Concurrently, acquisitions continued across St. Louis, Dallas/Fort Worth, Lake Tahoe, Denver, Atlanta, Sacramento, and San Diego.
In 2002, Cendant secured full control of NRT by purchasing Apollo Management’s stake through a $224 million stock transaction. Subsequently, NRT was incorporated into Cendant’s Real Estate Services division. That year also included acquisitions of the largest independent real estate firms in Florida and New England. Additionally, the corporate headquarters relocated from Mission Viejo, California to Parsippany, New Jersey.