Newsroom at ERA.com

2002 Press Releases

ERA Franchise Systems LLC
1 Campus Drive
Parsippany, NJ 07054
(973) 428-9700
Media contact: Stacy Quinn
(973) 496-7904
stacy.quinn@ERA.com
FOR IMMEDIATE RELEASE 

ERA NETWORK MERGER HELPS BUILD STRONG PRESENCE IN SAN FRANCISCO MARKET
ERA Win Realty combines with The Property Professionals in Fremont (CA)  

PARSIPPANY, NJ, November 7, 2002 - ERA Franchise Systems LLC announced today that network affiliates ERA Win Realty in Union City (CA) and The Property Professionals of Fremont (CA) have united to create a network of nearly 100 sales associates serving the San Francisco Bay area.

ERA Win Realty has been helping people achieve the dream of homeownership since 1984 with a diversified staff of 60 sales associates who speak more than 12 different languages. The company is an ERA® President's Circle Top 50 brokerage and a member of the National Military Broker Network.

The Property Professionals has served the East Bay area since 1977, specializing in luxury homes and relocation services. In 2001, it reported a gross closed income (GCI) of $3.5 million. The company has 35 full-time sales professionals with an average of 15 years of experience and $4.3 million in annual sales. Steven Lloyd, sales manager of The Property Professionals, will continue to oversee daily operations of the brokerage.

"We united with The Property Professionals based on its distinctive reputation and to increase our market share," said Sam Nawar, broker/owner, ERA Win Realty. "Most importantly, the company shares our philosophy of operating an ethical business with an emphasis on personalized service. The brokerage has a wonderful group of sales professionals with many years of experience. We couldn't be more delighted to welcome them to the ERA team."

As ERA Property Professionals, the brokerage will continue operations in its Fremont office. "With another office location, we can offer our customers more convenient services in a larger geographic area," explained Nawar. "Our customer service will also strengthen by combining the talents of sales associates and creating a synergy between both offices."

About ERA Franchise Systems LLC
ERA Franchise Systems LLC is a global leader in the residential real estate industry with 30 years experience in developing consumer-oriented products and services. It is a subsidiary of Cendant Corporation (NYSE: CD) and part of its Real Estate Franchise Group. The ERA real estate network includes more than 28,000 brokers and sales associates throughout the United States and 29 other countries and territories. Each ERA office is independently owned and operated except offices owned and operated by NRT Incorporated. ERA information is available to consumers on the Internet at ERA.com. ERA properties can also be viewed at www.REALTOR.com®.

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DCSIMG