NRT LLC is pleased to announce the acquisition of Crown Realty & Management, a real estate firm in Atlanta whose core business is property management. The addition of Crown will strengthen the national footprint of NRT’s Property and Asset Management Services Division and be aligned closely with Coldwell Banker Residential Brokerage in Atlanta, also an NRT subsidiary.
“Crown has been a prominent property management firm in the Atlanta metro for the past 35 years, and we are pleased to have their management and team of 16 employees continue their excellence in residential property management services as part of our company,” said Robert Way, president of the NRT Property and Asset Management Services Division. “Atlanta is a key market for NRT’s property management growth initiatives.”
Robert Locke, Crown’s former owner and property management industry veteran, will join the NRT Property and Asset Management Services Division in a consulting role. Crown currently manages more than 850 properties, which brings NRT’s total to more than 1,200 properties under management in the Atlanta metro.
“We have always put our clients first, and we believe that by joining forces with NRT, we are taking our clients, and our team, to the next level,” said Locke. “We are excited to be joining an industry leader and to be part of their national growth in property management services.”
NRT is currently in the process of consolidating its local property management operations around the country under one central organization led by Way, which will accelerate the company’s strategic objective of growing its leadership position in residential property management services on a national basis.