April 23, 2008 // Franchising.com // PARSIPPANY, N.J. — Realogy Corporation, the world's largest real estate franchisor, today announced that the Company has again been named as a member of the FORTUNE 500. The rankings were released in the May 5 issue of FORTUNE magazine, which annually publishes this prestigious ranking.
With reported 2007 revenues of $5.97 billion, this marks the second consecutive year in which Realogy has been named to the FORTUNE 500 list of America's leading corporations.
"In a year when the residential real estate industry as a whole was fundamentally challenged, we are particularly proud to have our company's performance recognized in this manner," said Richard A. Smith, president and chief executive officer of Realogy. "This achievement is a tribute to the hard work and dedication of Realogy's employees and affiliated real estate professionals alike."
Realogy Corporation, a global provider of real estate and relocation services, has a diversified business model that includes real estate franchising, brokerage, relocation and title services. Realogy's world-renowned brands and business units include Better Homes and Gardens Real Estate®, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, The Corcoran Group®, ERA®, Sotheby's International Realty®, NRT LLC, Cartus and Title Resource Group. Collectively, Realogy's franchise systems have approximately 15,700 offices and 308,000 sales associates doing business in 88 countries around the world. Headquartered in Parsippany, N.J., Realogy (www.realogy.com) has approximately 13,400 employees worldwide. Realogy is owned by an affiliate of Apollo Management, L.P., a leading private equity and capital markets investor.
To receive future Realogy news releases, you can sign up for an e-mail subscription or secure a link for your RSS reader at www.realogy.com/media.
Realogy's company-owned real estate brokerage, is the largest residential brokerage company in the United States, operates under several of Realogy's brands and also provides related residential real estate services.