Nation’s largest brokerage launches property management division to cultivate sellers

NRT managing more than 20,000 homes with acquisition of Dallas GTF

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The U.S.'s largest brokerage, Realogy subsidiary NRT LLC, is out to capture more sellers with a new national property and asset management services division that can help homeowners rent out their property until they're ready to sell. To accelerate the new property management division's growth, NRT has acquired Dallas-based property management firm Dallas GTF Inc., which does business as Get There First Realty Services and manages about 1,600 residential properties in the Dallas area. With those properties, NRT now manages over 20,000 residential homes across the U.S. NRT, whose property management portfolio includes short- and long-term rentals along with bank-owned properties, previously managed properties at the local level but did not have a national division until July. "This is the first of several adjacent growth initiatives underway to complement NRT's residential real estate brokerage model and enhance overall profitability," said Bruce Zipf, NRT's president and CEO,...