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ERA Franchise Systems LLC 1 Campus Drive Parsippany, NJ 07054 (973) 428-9700 FOR IMMEDIATE RELEASE |
Media contact: Steven Alessandrini (973) 496-7904 steven.alessandrini@era.com |
Leading Houston-based real estate brokerage joins the ERA® global system
PARSIPPANY, NJ, March 16, 2004 – ERA Franchise Systems LLC today announced the affiliation of The Michael Group to its global network of 2,500 offices worldwide. As one of the leading real estate companies serving the Houston metro area since 1988, the addition of The Michael Group increases ERA Real Estate's presence in the Houston market.
"When we first considered affiliating with a national real estate franchise, we wanted to make sure we selected a company committed to similar goals and values," said Michael Levitin, president of The Michael Group. "Ultimately, we chose ERA Real Estate for its dedication to its brokers and sales associates. The technology, marketing and training programs offered to affiliates will also be extremely beneficial to us as a company. We are pleased to become the newest member of the ERA network."
The Michael Group is a privately owned business consisting of five offices and approximately 800 sales professionals. In 2003, it reported an annual Gross Closed Income of more than $13 million and handled an impressive real estate volume of more than $475 million and over 3,300 units. With its new affiliation, the company will now operate as ERA The Michael Group.
"We are pleased to welcome The Michael Group to the ERA system," said Brenda W. Casserly, president and COO, ERA Franchise Systems LLC. "The Michael Group demonstrates the dedication to service, community and growth that is an important foundation of the ERA Real Estate culture. A brand affiliation is really a team effort, and high-quality companies like The Michael Group play an integral part in our continued success."
About ERA Franchise Systems LLC
ERA Franchise Systems LLC is a global leader in the residential real estate industry with more than 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 30 other countries and territories. Each office is independently owned and operated except offices owned and operated by NRT Incorporated. ERA information is available to consumers at ERA.com. ERA properties can also be viewed at Realtor.com. For additional information about ERA Franchise Systems LLC, as well as expert commentary on emerging trends in the real estate industry, visit the Cendant Media Resource Center at http://www.cendant.com/media/.
