SOURCE: Carrington Property Network

Carrington Property Network

September 17, 2013 09:00 ET

Carrington Property Network Accelerates Its Expansion; Adds 15 Top Producing Brokerages in Less Than Three Months

Best-in-Class Institutional Real Estate Services Are Highly Valued Among Residential Brokerages

SANTA ANA, CA--(Marketwired - Sep 17, 2013) - Carrington Property Network (CPN), an exclusive national network of leading residential real estate brokerage firms, today announced that it has achieved exceptional growth in its membership, adding 15 of the nation's top producing brokerages in less than three months. Since its November 2012 launch, CPN has expanded to include 20 companies, 399 offices and 15,643 agents across 16 states nationwide.

A division of the corporately owned and operated national brokerage Carrington Real Estate Services, LLC (Carrington), CPN was created to complement the resale and relocation services provided by residential brokerage companies with best-in-class institutional real estate services. The rapidly expanding organization empowers brokerages to maximize their business opportunities.

"We are very pleased with the incredible growth of the CPN network and with the response this initiative has received from leading brokerages across the country," said Carrington Real Estate Services President Steve DiUbaldo, who added that the company's goal is to have a CPN or Carrington Real Estate Services company-owned office in every major U.S. market within one year. "The brokers that make up CPN today represent some of the finest and most successful residential real estate firms in the nation."

Member brokerages have access to Carrington's institutional real estate services including internet leads, asset management and property preservation as well as REO listings, short sale leads, investor buyers, property management and BPO fulfillment services. To qualify for membership, firms must be ranked among the top five in their market in terms of transactions and sales volume, and have the infrastructure in place to manage institutional business.

CPN's membership to date includes the following organizations:

  • Better Homes & Gardens Mason-McDuffie Real Estate in California
  • Rector Hayden REALTORS® in Kentucky
  • Real Estate One, Inc. in Michigan
  • Laffey Fine Homes International in New York
  • Crye-Leike Real Estate in Tennessee
  • Prudential Select Properties in Missouri
  • Prudential Alliance Realty in Oklahoma
  • The AgentOwned Realty Co. in South Carolina
  • Chase International in Utah
  • Prudential Detrick Realty in Oklahoma
  • HER REALTORS® in Ohio
  • Semonin REALTORS® in Kentucky
  • RealtySouth in Alabama
  • Prudential Homesale Services Group in Pennsylvania
  • Windermere Central Oregon Real Estate in Oregon
  • McColly Real Estate in Indiana
  • Nothnagle REALTORS® in New York
  • Prudential Indiana Realty Group in Indiana
  • Coldwell Banker Legacy in New Mexico
  • Gardner REALTORS® in Louisiana

Leading residential brokerage companies interested in becoming a CPN member should visit the company's website at www.carringtonpn.com to submit an inquiry.

About Carrington Property Network

Carrington Property Network (CPN) is an exclusive national network of leading residential real estate brokerage firms. A division of Carrington Real Estate Services, LLC, CPN was launched in November 2012 to assist qualified firms with increasing their business by facilitating their participation in the distressed property market and by enabling them to work with institutional real estate investors. CPN members have access to Carrington's institutional real estate services as well as REO listings, short sale leads, investor buyers, and property management and Broker Price Opinion (BPO) fulfillment services. CPN brokerage firms are selected by Carrington and must be ranked among the top five in their market in terms of transactions and sales volume, and have the infrastructure in place to manage institutional business in order to qualify for consideration for CPN membership. For more information, please visit www.carringtonpn.com.

About Carrington Holding Company

Carrington Holding Company, LLC (CHC) owns and operates multiple businesses that cover virtually every aspect of single family residential real estate transactions -- investments in U.S. real estate and mortgage markets, loan origination and servicing, asset management and property preservation, real estate sales and rental, title and escrow services.

Some of CHC's affiliate companies include Carrington Real Estate Services, LLC, Carrington Capital Management, LLC, Carrington Investment Services, LLC, Carrington Mortgage Services, LLC, Carrington Property Services, LLC, Carrington Home Solutions, L.P., Carrington Escrow, Inc., Carrington Title Services, LLC and Carrington Technology Solutions, LLC. Carrington Mortgage Services, LLC is an equal housing opportunity lender.

To learn more about Carrington Holding Company, visit our website at www.carringtonhc.com.

Editor's Note: All trademarks and trade names held within are the properties of their respective holders.

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