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Coldwell Banker Residential Real Estate, Inc., Acquires Burnt Store Properties, Inc., in Punta Gorda, Fla.
PUNTA GORDA, Fla. – March 22, 2006
Coldwell Banker Residential Real Estate, Inc., today announced that it has acquired the assets of Burnt Store Properties, Inc., located at 25001 Harborside Boulevard in Punta Gorda, Fla. The office will continue to operate from its current location under the banner of Coldwell Banker Residential Real Estate, Inc.
Burnt Store Properties’ 24 sales associates were responsible for over $88 million in total closed sales volume during the last 12 months. With this announcement, Coldwell Banker Residential Real Estate has more than 7,200 sales associates in 150 offices that accounted for a combined closed sales volume of $23 billion the past year.
“We are always looking for solid business opportunities, and with the acquisition of Burnt Store Properties, we can significantly expand our presence in the dynamic Punta Gorda and Cape Coral markets,” said Budge Huskey, president and chief operating officer for Coldwell Banker Residential Real Estate in Florida. “Burnt Store Properties has enjoyed an excellent reputation in the community based on the dedication of its real estate professionals, and we are very pleased to welcome them to the Coldwell Banker Residential Real Estate family.”
Lisa Levendofsky has owned and operated Burnt Store Properties for the past seven years. She will join Coldwell Banker Residential Real Estate as a sales associate.
“Through the contributions of our talented sales associates, our company has grown into one of the most successful real estate firms in the area,” said Levendofsky. “By joining forces with the market leader, our sales associates will be uniquely positioned to better serve local, national and international customers. Coldwell Banker offers a worldwide network and the innovative technology required to be even more successful in today’s real estate market.”
About Coldwell Banker Residential Real Estate, Inc.:
Coldwell Banker Residential Real Estate, Inc. is a member of the NRT family of companies. NRT Incorporated, a subsidiary of Cendant Corporation (NYSE: CD), is the nation’s largest residential real estate brokerage company. NRT has more than 1,000 offices and 64,000 sales associates operating in over 35 major metropolitan areas. In 2005, NRT posted a real estate industry record of $230 billion in closed sales volume.
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