eXp World Holdings Inc. has acquired national real estate franchise NextHome, Inc, according to an announcement on Thursday. The financial terms of the deal were not disclosed. Through this acquisition, eXp is adding a full franchise option alongside its cloud-based brokerage model. Reflecting the acquisition, eXp said it will begin trading under a new Nasdaq […]
eXp acquires NextHome, shifts to multi-model platform Read More »
For those wondering what the upside is for The Real Brokerage regarding its recently announced acquisition of REMAX, Real CEO Tamir Poleg has answers. “At its core, Real REMAX Group will unite an iconic real estate brand and franchise network with our innovative technology and the fastest growing major public real estate brokerage,” Poleg said
Real CEO Tamir Poleg on the value of the REMAX acquisition Read More »
As large national brokerages and franchisors consolidate, two regional independent firms, the West Coast-based FirstTeam Real Estate and the East Coast-based Brown Harris Stevens, are teaming up to show that there is a way for independents to compete more aggressively while maintaining their independence. On Tuesday, the two companies announced a strategic multi-year marketing partnership,
FirstTeam and Brown Harris Stevens form marketing partnership Read More »
UWM Holdings Corp. is challenging Two Harbors Investment Corp.’s board after it rejected a $12 per share acquisition proposal in favor of an $11.30 per share deal with CrossCountry Mortgage LLC, issuing a lengthy response that questioned the board’s analysis and process. In a statement on Monday, UWM said “the TWO Board’s interpretation of the numbers
UWM slams Two Harbors board over $12 offer rejection Read More »
“Where’s the upside here?” That’s the question Steve Murray, the co-founder of RealTrends Consulting, keeps coming back to as the industry digests The Real Brokerage’s acquisition of REMAX — and it’s the same question investors appeared to answer swiftly. On the day of the announcement, Real’s stock plunged to $2.02 per share, with trading volume
Real-REMAX deal: complementary models or culture clash? Read More »
Stanley Martin Homes announced on Monday that its $221 million, all-cash acquisition of United Homes Group Inc. had closed, immediately scaling its presence in several of the Southeast’s fastest-growing housing markets. With the deal, which was first announced in February, United Homes becomes a wholly owned subsidiary of Stanley Martin, and its common stock has
Stanley Martin closes on its $221M United Homes acquisition Read More »
A revised proposal from UWM Holdings Corporation to acquire Two Harbors Investment Corp. was formally rejected by the seller’s board of directors, citing “financing, closing, business and credibility risks.” The board continues to unanimously support the competing bid from CrossCountry Mortgage, LLC. In late April, UWM intensified its campaign to acquire TWO by issuing an
Two Harbors rejects UWM revised offer, cites financing risk Read More »
UWM Holdings Corp. is pressing its campaign to acquire Two Harbors Investment Corp. (TWO), issuing an open letter to the seller shareholders Thursday evening that details a sweetened proposal that valued the real estate investment trust (REIT) at $12 per share, positioning the bid as superior to the pending sale to CrossCountry Intermediate Holdco. UWM
UWM raises Two Harbors bid to $12 per share Read More »
UWM Holding Corp. may not win the bid to acquire Two Harbors Investment Corp., but an unsolicited proposal for the real estate investment trust just forced CrossCountry Intermediate Holdco to raise its offering. Two Harbors announced Tuesday that it amended its merger agreement to increase the all-cash price CrossCountry will pay to $11.30 per share.
CrossCountry raises bid for Two Harbors after rival offer from UWM Read More »
As the real estate brokerage space continues to consolidate, creating large national firms with massive scale, critics have claimed this move will lead to a homogenization of formerly disparate brands. However, Sue Yannaccone, who was recently promoted to chief operations officer of Compass International Holdings (CIH) the parent company of Compass, @properties, Christie’s International Real