Brokerage

Atlantic & Pacific Real Estate rebrands as Carrington

Carrington Real Estate Services plans to expand into new markets in 9 states

Atlantic & Pacific Real Estate LLC, a Santa Ana, Calif.-based brokerage licensed to operate in 25 states and Washington, D.C., has rebranded as Carrington Real Estate Services LLC to highlight the brokerage’s connection to parent company Carrington Holding Company LLC.

Carrington Real Estate Services, which currently has 33 offices across the U.S., plans to continue its expansion “in a controlled, strategic manner,” with new markets planned in 2013 including Minnesota, Missouri, Kansas, Wisconsin, Ohio, Kentucky, West Virginia, Colorado and Washington.

Atlantic & Pacific Real Estate’s name change is part of a larger initiative by Carrington Holding Company to bring all business units within the Carrington family of companies under the Carrington umbrella, the company said.

Other affiliated companies include Carrington Capital Management LLC, an investor in mortgage-backed securities, and Carrington Mortgage Services LLC, a servicer of home loans.

Atlantic & Pacific’s ties to Carrington have supplied the company with a steady stream of real estate owned (REO) properties.

“We’re proud of the rapid growth we’ve been able to achieve over the past four years and of the reputation our highly trained agents have among consumers for being able to deliver, even in some of the nation’s most challenging markets,” said Carrington Real Estate Services President Steve DiUbaldo, in a statement. “As we work toward meeting the changing needs of buyers and sellers in the markets we serve, it just seems like good business to empower our agents to leverage yet another of our assets — one of the fastest-growing and most-respected brands in the industry.”

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Other Carrington affiliates include Carrington Property Services LLC, White Van Real Estate Services LP, Telsi Escrow Inc., and Telsi Real Estate Solutions LLC.