NRT acquires Philadelphia-based franchisee

Brokerage was 3rd-largest Coldwell Banker affiliate

Realogy Corp. subsidiary NRT LLC has taken over one of its formerly independently owned real estate brokerage affiliates, the company announced Tuesday.

NRT operates Realogy’s company-owned brokerage offices. It has acquired Coldwell Banker Preferred in Philadelphia, which has eight offices and 500 sales associates. The brokerage’s name will remain Coldwell Banker Preferred and its executive team, including its president, will stay in their current positions.