Realogy unit forms national property management division

|About: Realogy Holdings (RLGY)|By:, SA News Editor

Alongside the consolidation of its current local operations with about 20K residential properties under management, NRT LLC (a subsidiary of RLGY) purchases Dallas GFT - a property management firm in that city with about 1.6K rentals under management.

"By combining our local property and asset management services into one national division, we are making a strong commitment to strategically growing our leadership position in this sector."