Brookfield Residential Property Services Expand

December 12, 2011 / Russell Legato, Residential Property Analyst

Brookfield Residential Property Services bought Prudential Real Estate and Relocation Services. This purchase, which includes Pricoa Relocation, was bought from Prudential Financial Inc. Pricoa itself operates globally, providing relocation services for expatriates working in foreign countries.

Brookfield Residential Property Services Expand

Assets in Northern Nevada are included along with three Prudential Sierra Nevada offices. The inclusion of 50 or more brokers in the Reno area was confirmed by a spokesman for the company.

These acquisitions place Brookfield in the position of being the third largest residential real estate brokerage business in North America. They serve many Fortune 100 companies. There will be expanded operations in nine countries around the world. Now the company is also the second largest relocation service provider in the world.

Each year, Brookfield does residential real estate transactions worth over $150 billion. It is composed of 2,800 real estate broker locations and 80,000 real estate agents around the world. They deal with residential property relocations all over the globe.

According to the CEO of Brookfield Residential Property Services, this industry giant is serving the needs of clients all over the globe. They are a leader in real estate franchising as well as employee relocation services.

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