Coldwell Banker Residential Real Estate Acquires Luxury Team of Florida Real Estate Group, Expands Into Three New Counties

Marketwired

PALM COAST, FL--(Marketwire - Mar 20, 2013) - Coldwell Banker Residential Real Estate LLC in Florida announced today that it has acquired the assets of the Luxury Team of Florida Real Estate Group, based in Palm Coast. The Luxury Team of Florida's nine sales centers will now operate as Coldwell Banker Residential Real Estate sales offices. With this acquisition, Coldwell Banker Residential Real Estate expands for the first time into Flagler, Volusia and Osceola Counties. Coldwell Banker Residential Real Estate LLC is a subsidiary of NRT LLC, the nation's largest residential real estate brokerage company. NRT operates the company-owned brokerage operations of Realogy Holdings Corp. (NYSE: RLGY).

"We are pleased to welcome the Luxury Team of Florida to our operations," said Clark Toole, president of Coldwell Banker Residential Real Estate in Florida. "Their professionals bring an excellent reputation in the industry and local community, and we are especially excited that this acquisition will expand our footprint into a new part of the state -- three counties where we previously did not have offices. This further strengthens our leadership throughout Florida and helps us better serve our relocation clients."

Under the leadership of Craig Straky, the Luxury Team of Florida Real Estate Group has provided professional real estate services to the local community since 2009. During 2012, the Luxury Team of Florida Real Estate Group was responsible for more than $97 million in closed sales volume. A prominent and respected business leader committed to fostering economic growth in Flagler County, where the majority of the offices are located, Straky will become a managing broker with Coldwell Banker Residential Real Estate and continue to oversee the former Luxury Team of Florida offices and 30 sales associates.

"I believe our firm's business philosophies and practices are a good match with Coldwell Banker Residential Real Estate and that our sales associates and their clients will benefit from their global network, brand strength and online exposure," said Straky. "We will gain access to a vast array of innovative tools and technology offered through Coldwell Banker Residential Real Estate to support our business and provide enhanced service levels to local, national and international customers."

With this announcement, Coldwell Banker Residential Real Estate acquired nine offices in Central Florida: seven in Palm Coast in Flagler County, one in Volusia County, and one at the Reunion Resort & Club in Kissimmee in Osceola County.

About Coldwell Banker Residential Real Estate LLC
Coldwell Banker Residential Real Estate LLC is a leading full-service residential real estate company with more than 80 offices and 4,600 sales associates serving the communities of Central Florida, Palm Beach, Palm Coast, Southeast Florida, Southwest Florida and Tampa Bay. Worldwide, the Coldwell Banker network includes approximately 3,100 offices with 82,000 sales associates spanning 50 countries. Every day, Coldwell Banker Residential Real Estate properties are exposed to 15 million buyers on more than 550 high-traffic websites. For more information or to view local listings, visit FloridaMoves.com. Coldwell Banker Residential Real Estate LLC is a subsidiary of NRT LLC, the nation's largest residential real estate brokerage company. NRT operates the company-owned brokerage operations of Realogy Holdings Corp. (NYSE: RLGY).

Contact:
Media Contact:
Jennifer McGuire
NRT Southeast
941.487.1432
Email Contact

5951 Cattleridge Avenue
Sarasota, FL 34232
Phone (941) 487-1400
Fax (941) 378-8250

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