Prudential to buy eRealty
Deal expected to close within days
By Marcie Geffner, Friday, January 23, 2004.Inman News®
Prudential Real Estate and Relocation Services is negotiating a deal to purchase eRealty, an online real estate brokerage headquartered in Houston, Texas, Inman News has learned.
The deal is expected to close early next week.
No one at either company was available to comment late Friday afternoon.
The Prudential real estate franchise network has more than 1,600 franchise offices and 44,000 sales associates in the United States and Canada.
ERealty was founded in 1997 and has offices in a dozen metro areas around the country. Venture capital investors included Milestone Equities, Polaris Ventures and TL Ventures.
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