Nov. 11, 2009

Real Living Growing

Real Living Inc. a Columbus based company grew.  Big growth spurt...

GMAC Real Estate and Real Living are merging.  They will be using the Real Living name, brand, technology.

Real Living  Inc. is a Columbus Ohio company.

Real Living's "expansion unit" (Real Living Network Services)  was bought by a company called Brookfield Residential Property Services.  Real Living just became five times larger...  "expansion unit" comes from the title of a Columbus Business First article.

We (Real Living HER agents)  got an email (with the press release) last night and a voice mail.

I work for Real Living HER.  That is the company formerly known as HER Realtors.  HER Realtors has been a leader in Central Ohio real estate for decades.  Real Living HER is the number one real estate company in Central Ohio.

Real Living formed in 2002 is based in Columbus.  The "expansion unit" part of Real Living is Real Living Network Services.

Matt Burns of Columbus Business First wrote about changes in  Brookfield buys Real Living expansion unit

"The name of Central Ohio’s largest residential real estate brokerage will appear in nearly every state after its Columbus parent sold the division that powered its national expansion."

Brookfield owns GMAC real estate, has for about 9 months... GMAC real estate franchises across the US are the offices that will now have the Real Living name, logo, technology etc.

The Columbus Business First article says: "All of GMAC’s more than 600 offices will take the Real Living name."

Who's who....

Harley Rouda Jr. is the president of the new merged company...

Real Living

Real Living HER = Columbus

Real Living Realty Services - Dayton, Cinci, Louisville (I get this franchise confused with Real Living Network Services, the "expansion unit" of Real Living. )

There are Real Living franchises currently in 20 states, there will soon be the red and white signs in 46 states from what I am reading and hearing.

Brookfield Residential Property Services is a division of Brookfield Asset Management Inc.

GMAC Real Estate

The Columbus Dispatch article this morning: Real Living joins GMAC realty unit in merger written by Jim Weiker says:

"The deal, consummated this month and announced today, merges Real Living's 2,000 agents in 130 offices with approximately 8,000 GMAC Real Estate agents in 470 U.S. offices. It creates a company with $20 billion in annual real-estate transactions. About 8,000 of GMAC's 13,000 agents in the United States and Canada are expected to become part of Real Living."

What's the effect for buyers and sellers in Central Ohio?  Not much, you've already got the good stuff available.

Most of this article was  published on ActiveRain, Localism, Worthington Old and News and Discover Columbus OH.

I'd love to hear from you if you have a comment on the topic. All comments are moderated so you will not see your comment immediately. Thanks. Copyright 2009 Discover Columbus and Maureen McCabe