Coldwell Banker Residential Brokerage Acquires Preferred Properties Inc. in Connecticut

Coldwell Banker Residential Brokerage Expands Sales Network to Darien and Strengthens Operations in Greenwich, New Canaan and Westport

April 04, 2008 // Franchising.com // DANBURY, Conn.— Coldwell Banker Residential Brokerage in Connecticut and Westchester County, N.Y. today announced that it has acquired the assets of family-owned Preferred Properties Inc. in Connecticut. The approximately 80 sales associates in the Darien, Greenwich, New Canaan, and Westport offices of Preferred Properties Inc. will now operate under the banner of Coldwell Banker Residential Brokerage in Connecticut and Westchester County, N.Y. The Darien office, located at 893 Post Road, is a new office location for Coldwell Banker Residential Brokerage.

"It is an honor to be selected to carry on Preferred Properties' local traditions of personal service and real estate expertise," said Kate Rossi, president and COO of Coldwell Banker Residential Brokerage in Connecticut and Westchester County, N.Y. "These are core values both of our companies share and recognize as critical to success and I am pleased to welcome their stellar sales team into our family."

"We are very proud of the strong reputation Preferred Properties has established in its more than 45 years in Connecticut," said Marjorie Rowe, who founded Preferred Properties Inc. in 1962. "By joining forces with Coldwell Banker Residential Brokerage, the legacy of Preferred Properties will continue to grow by offering our expert sales associates a unique opportunity to expand their businesses and serve customers through Coldwell Banker Residential Brokerage's technology and marketing tools as well as its vast international network."

About Coldwell Banker Residential Brokerage

Coldwell Banker Residential Brokerage, a leading residential real estate brokerage company in Connecticut and Westchester County, N.Y., operates 49 offices with more than 2,200 sales associates serving the communities of Connecticut and Westchester County, N.Y. Coldwell Banker Residential Brokerage, www.ColdwellBankerMoves.com, is part of NRT LLC, the nation's largest residential real estate brokerage company. NRT, a subsidiary of Realogy Corporation, operates Realogy's company-owned real estate brokerage offices.

The corporate offices of Coldwell Banker Residential Brokerage in Connecticut and Westchester County, N.Y. are located at 51-53 Kenosia Ave. in Danbury, Conn. For further information, please call 1-800-756-3660.

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