Era Real Estate Network Continues Strategic Growth With Addition Of 17 New Brokerage Affiliates And 26 Offices In The Third Quarter

(Thursday, November 08, 2007) - ERA Franchise Systems LLC reported today third quarter growth that included the addition of 17 new residential brokerage affiliates to its global franchise network as well the expanded operations of eight existing affiliates through mergers, acquisitions or the opening of new offices. Thus far in 2007, a total of 40 new firms have joined the ERA Real Estate franchise network.

"ERA Real Estate has shown an impressive resiliency and consistency in terms of its network growth in 2007,"� said Brenda W. Casserly, president and chief executive officer of ERA Franchise Systems LLC "The third quarter was our best so far this year in terms of new affiliates joining our network. Also, the number of existing firms expanding their businesses within ERA has mirrored results from the first and second quarters of this year, which is a credit to our existing franchisees."�

In the third quarter of this year, a total of 17 new affiliates with 26 offices spread out over 11 states joined the ERA franchise system. In terms of business expansions, eight existing ERA franchisees expanded their base of operations, thus raising the year-to-date total to 31 brokerages that have grown their geographic base within the ERA network. Four of these firms opened new locations in Florida and two companies have opened the doors to new locations in Massachusetts in the third quarter.

ERA Franchise Systems strengthened its market presence on the West Coast with four new firms joining the network in California, adding 11 office locations in the prime market areas of: Burbank, Mission Viejo, Victorville, Torrance, Rancho Cucamonga, Carson, Cerritos, Chatsworth, West Lancaster, Palmdale and Van Nuys. ERA Real Estate also added two offices in Philadelphia.

New Company Affiliations

Listed below are the 17 real estate companies that affiliated with ERA Real Estate in the third quarter of 2007:

Company


Office(s)


State

ERA Byrne Realty


Brick


NJ

ERA People's Realty


Van Nuys, Palmdale,
Chatsworth, Lancaster


CA

ERA Aarch Realty


Philadelphia


PA

ERA American Realty Group


Eau Claire


WI

ERA Johnny Owens Realty


Lawton


OK

ERA Lakeway Real Estate


Dandridge


TN

ERA North Point Realty


Plano


TX

ERA One Step Realty


Burbank


CA

ERA Pacific Meridian


Mission Viejo


CA

ERA SK Realty


Springfield


KY

ERA White Pine Real Estate


Crivitz


WI

Lambros Real Estate ERA


Missoula, Hamilton, Polson


MT

ERA Buy America Real Estate Services


Victorville, Cerritos, Rancho
Cucamonga, Carson, Torrance


CA

ERA Cilione Real Estate


Philadelphia


PA

ERA Esther Morales RE


Rio Rico


AZ

ERA Hemlock Sales Agency


Lords Valley


PA

ERA Integrity Realty


Summer


WA

Expanded Operations

Listed below are new and existing ERA affiliated companies that expanded operations through mergers/acquisitions or opening new offices in the third quarter of 2007:

Company


Office(s)


State
ERA Menu Realty Port Orange

FL
ERA Meloi Realty Inc. Milford

PA
ERA One Source Real Estate Services Venice

FL
ERA SK Realty Cambellsville, Lebanon

KY
ERA Winning Team Realty North Bergen

NJ
ERA American Realty of North West Florida Navarre

FL
ERA M. Connie Laplante Real Estate South Hadley

MA
ERA Morrison Real Estate Billerica

MA

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 47 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.

View all ERA Franchise Systems Press Releases

This article has been read 243 times.

Printer Friendly