NRT, the nation's largest residential real estate brokerage company, today acquired the residential real estate operations of the Henry S. Miller Companies, Inc. of Dallas/Fort Worth. In addition to the Henry S. Miller Realtor offices in Dallas/Fort Worth, NRT also acquired the Henry S. Miller Companies' operation in the Denver metropolitan area, operated as Perry & Butler Realty, Inc. The acquired entities will be merged into two NRT-owned companies, Coldwell Banker Residential Brokerage of Dallas/Fort Worth and Coldwell Banker Residential Brokerage of Colorado, respectively.

The move strengthens the two NRT companies' No. 1 positions in Texas and Colorado. All told, NRT added 30 locations and more than 1,000 sales associates across the two states with sales volume in excess of $2.45 billion in the year 2000. Henry S. Miller, Realtors is the 16th firm with an annual sales volume greater than $1 billion to join NRT in the past three and a half years.

The Henry S. Miller Companies will retain ownership and control of Henry S. Miller's commercial and real estate development operations, with Vance C. Miller remaining as chairman and chief executive officer. Heidi Holman, former president of Henry S. Miller Realtors, will serve as president of the new Henry S. Miller division of Coldwell Banker Residential Brokerage of Dallas/Fort Worth.

Founded in 1914 by Henry S. Miller, the company that bears his name has grown into one of Texas' most successful independent real estate brokerages. With 30 offices and more than 1,000 sales professionals, Henry S. Miller, Realtors, achieved $2.7 billion in closed sales volume in Texas for 2000. Specifically in the Dallas/Fort Worth Metroplex, Henry S. Miller, Realtors achieved $1.75 billion in closed sales volume in 2000 with its 19 offices and more than 750 sales professionals.

Led by president and chief operating officer Linda Berg, NRT's Coldwell Banker Residential Brokerage of Dallas/Forth Worth completed more than $2.9 billion in closed sales volume last year, which ranked No. 1 in the Dallas/Fort Worth Metroplex and in all of Texas. Now with more than 45 offices and 2,000 sales associates, Coldwell Banker Dallas/Fort Worth greatly extends its lead in the marketplace.

At the same time that the Henry S. Miller Realtors' operations in Dallas/Fort Worth were folded into NRT's Coldwell Banker Residential Brokerage, it was announced that the company's eight residential real estate offices in Houston will join Coldwell Banker United, Realtors, while its four residential offices in Austin will become part of Coldwell Banker Richard Smith, Realtors. Both of these companies are owned and operated by Richard Smith.

Coldwell Banker Residential Brokerage of Dallas/Fort Worth is the leading residential real estate company in Texas with 45 locations and more than 2,000 sales professionals. Coldwell Banker Residential Brokerage of Colorado is the leading residential real estate company in Colorado, and now has 29 locations and 1,300 sales associates.

NRT is the nation's largest residential real estate brokerage company with more than 650 offices, 32,000 sales associates and closed sales volume of $105 billion in the year 2000. NRT independently owns and operates companies in 22 of the nation's largest metropolitan areas. The NRT family of companies do business under the COLDWELL BANKER®, ERA® and CENTURY 21® brand names. NRT is a joint venture between Cendant (NYSE: CD) and Apollo Management L.P.

Published: March 13, 2001

Use of this article without permission is a violation of federal copyright laws.