| 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 |
Network¿s second-quarter growth highlighted by both new franchisees and the expansion of existing affiliates in Florida, Texas and California
PARSIPPANY, N.J., (August 8, 2006) – ERA Real Estate today announced that it welcomed 27 residential real estate brokerage companies to its global franchise network during the second quarter of 2006. In addition, 17 existing ERA affiliate companies expanded their market presence with new office openings during this three-month period. Through this combination of new company affiliations and existing member growth, the ERA network added 51 new offices for the quarter – a 16 percent increase over new office expansion during the same quarter in 2005. Year to date, ERA Real Estate has added more than 50 companies and 100 offices to its global real estate network. ERA® now has 2,989 offices and more than 39,700 sales associates and brokers throughout the United States and 29 other countries and territories.
"This past quarter was another huge success in terms of expansion for ERA Real Estate," said Brenda W. Casserly, president and chief executive officer for ERA Real Estate. "We continue to maintain our role as one of the leading growth brands within the industry by offering tools and technology that are unmatched within the industry and by providing our current brokers with the resources they need to expand their business."
Florida accounted for the largest area of growth for ERA Real Estate with six new franchised brokerage companies and three existing franchisees combining to open 11 new offices under the ERA banner between April and June 2006. ERA also expanded its network with six new affiliate companies in Texas and three newly affiliated brokerages apiece in California and North Carolina. The ERA network's second-quarter growth was the result of a combination of new company affiliations and existing affiliate expansion through the opening of branch offices and mergers and acquisitions.
New Company Affiliations
Listed below are real estate companies that affiliated with ERA Real Estate during second quarter 2006:
| Company | Office(s) | State |
| ERA 1st Choice Realty | Parkland | FL |
| ERA Advantage Realty | Lake City (2), Live Oak | FL |
| ERA Advantage Realty | Pleasantville | NY |
| ERA American Home Realty | Glastonbury | CT |
| ERA Anchor Realty | Barco | NC |
| ERA Blain & Co. Realtors | Bonham, Trenton | TX |
| ERA Blue Diamond | Woodbridge | VA |
| ERA Blue Sky | DeLand | FL |
| ERA Brown & Rutherford Realty | Front Royal | VA |
| ERA Cape Fear Properties | Carolina Beach | NC |
| ERA Casa Verde Realty | Santa Ana | CA |
| ERA Classic Realty | Austin | TX |
| ERA Connie R. Ham Middle GA Realty | Forsyth (2) | GA |
| ERA Excel Realty | Temecula | CA |
| ERA Falcone Realty Group | Fort Meyers Beach | FL |
| ERA First Fidelity Realtors | Rowlett | TX |
| ERA Metropoint REALTORS | Aurora | CO |
| ERA Newlin & Vincent Realty | San Angelo | TX |
| ERA Oasis Realty | Arcadia | CA |
| ERA Paramount Realty | Maryville | TN |
| ERA Ramtej Realty | South Richmond Hill | NY |
| ERA Real Estate Professionals | Brandon, Byram, Ridgeland | MS |
| ERA Scenic View Properties | Andrews | NC |
| ERA Spencer Realty | Gulf Breeze | FL |
| ERA Steve Cook & Co., Realtors | Pottsboro | TX |
| ERA Sun Coast Real Estate | Punta Gorda | FL |
| ERA Team Advantage | Calhoun | GA |
Expanded Operations
Listed below are existing ERA affiliate companies that expanded their operations through mergers and acquisitions or by opening new branch offices:
| Company | Office(s) | State |
| ERA American Dream Realtors | Flemington | NJ |
| ERA American Realty | Navarre | FL |
| ERA Bienvenido | Norcross | GA |
| ERA Fernandina Beach Realty | Fernandina Beach | FL |
| ERA Gold Crown Realtors | Mission Hills | CA |
| ERA Harrington Realty, Inc. | Georgetown, Seaford | DE |
| ERA Mata Realty West | Sacramento | CA |
| ERA Muske Company Real Estate | Saint Croix Falls | WI |
| ERA Semidey & Associates | Manassas | VA |
| ERA Signature | Allen | TX |
| ERA Tom Grizzard Inc. | Wildwood | FL |
| ERA Top Gun Realty, Inc. | Salem | NC |
| ERA Top Producers | Sevierville | TN |
| ERA United Home Realty | Raleigh | NC |
| ERA Webb Associates | Winthrop | ME |
| ERA Wilder Realty | Santee | SC |
| Napier Realtors ERA | Richmond | VA |
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. Since 1977, ERA Real Estate has teamed up with the Muscular Dystrophy Association in its fight against neuromuscular diseases, raising more than $30 million.
The ERA network includes more than 38,000 brokers and sales associates and approximately 3,000 offices throughout the United States and 49 other countries and territories. Each office is independently owned and operated except offices owned and operated by NRT LLC.
ERA Franchise Systems LLC is a subsidiary of Realogy Corporation, a global provider of real estate and relocation services.
ERA Franchise Systems LLC information is available at ERA.com.
