GMAC Real Estate

From Wikipedia, the free encyclopedia
Jump to: navigation, search
GMAC Real Estate
Industry Real Estate
Fate Acquired by Brookfield Asset Management
Successor Real Living
Founded 1998
Website www.gmacrealestate.com

GMAC Real Estate was a real estate brokerage firm operating in the United States, Canada, Puerto Rico, and Portugal.[1]

In 2007, GMAC Real Estate ranked 5th in transaction volume among U.S. real estate companies.[1]

The company had 13,000 agents.[2]

History[edit]

GMAC Real Estate was founded in 1998, when General Motors Acceptance Corporation (now Ally Financial) bought the Better Homes and Gardens Real Estate brand from Meredith Corporation.[3]

In 2008, the company was acquired by Brookfield Asset Management[2] and in 2009, Brookfield merged the company into its Real Living division.[4]

In 2012, Real Living was merged into HomeServices of America.[5]

References[edit]

  1. ^ a b "Canadian company acquires GMAC Home Services". AOL. Bradley Inman. September 30, 2008. 
  2. ^ a b "Real Living joins GMAC realty unit in merger". The Columbus Dispatch. November 11, 2009. 
  3. ^ "GMAC buys 'BH&G' real estate". AdAge. June 30, 1998. 
  4. ^ "Real Living Merges with GMAC Real Estate". RIS Media. November 11, 2009. 
  5. ^ "Prudential, Real Living brands to be Berkshire Hathaway HomeServices". Bradley Inman. October 30, 2012.