Carrington Real Estate Services, the Santa Ana, CA-based brokerage, announced that it had acquired all Realty Direct, Inc.'s assets and operations in the Washington, DC metro area, adding approximately 230 agents to the Carrington brand operating under local office market leader and majority owner of Realty Direct, Wendy Powers. The Realty Direct assets include offices and staff in Largo, MD, as well as Ashburn and McLean, VA. Terms of the acquisition were not disclosed.
"This acquisition aligns with our strategy to ensure a smooth, seamless real estate transaction, placing high value on the customer experience through our integrated services model, which is localized to individual regions," said Carrington Holding Company Chief Real Estate Officer Steve Ozonian. "Carrington offers an extensive array of single family services ranging from mortgage servicing and origination to property field services, providing our customers with a full service solution."
"In today's ever changing real estate market, Carrington's strategic relationships and vision offer a significant point of differentiation in taking an agent's business to the next level," said Wendy Powers. "Carrington's holistic and innovative approach to single family real estate transactions, with direct access to unique programs like, 'The Carrington Loan,' Carrington Mortgage Services' no upfront financing fee loan for consumers with lower FICO scores. We are thrilled to join the Carrington team and have the support of a national brokerage. We look forward to growing with Carrington and supporting real estate consumers in the DC metro area."
For more news and information visit Blumberg Capital Partners.
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