Brookfield Residential Property Services Acquires GMAC Home Services LLC

Brookfield Residential Property Services (“BRPS”), a division of Brookfield Asset Management Inc. (“Brookfield”), announced today that it has entered into an agreement to purchase GMAC Home Services LLC, a recognized leader in global relocation, real estate franchising and brokerage and home financing services, from GMAC Residential Holding Company LLC and Residential Capital LLC. The transaction is expected to close in the fourth quarter 2008.
“Brookfield is a leading provider of residential property services in Canada,” stated Chairman George Myhal. “Notwithstanding the recent market turmoil, this acquisition represents an important opportunity for us to expand in the U.S. market for residential property services and we believe we are well-positioned to grow our market share once this difficult period of adjustment is behind us.”
In Canada, Brookfield provides executive relocation services, home appraisals and property brokerage services under the Royal LePage, La Capitale, Johnston & Daniel and Centract brand names.
The GMAC Home Services’ business units that are part of this acquisition include: GMAC Global Relocation Services, GMAC Real Estate and GMAC Home Services Mortgage.
Related posts:
- Custom Home Builder, Top Selling New Home Realtor Join Forces – Marketing Agreement Will Benefit Entry-Level First Time Home Buyers PR.com: Brook Swientisky, Colorado/Wyoming Master Franchisor for G.J. Gardner...
- Property Cashpoint Unveils New Franchise Opportunity In The Buy To Let Market Online PR News: Paul Clifton, Co-founder and Timon Shiner,...
- These IIT-Ians Make Your Home-Hunt Easier Rediff: Meet Ashutosh Upadhyay and Snehesh Mitra, two IIT-ians...
- Right At Home, Inc. Expands In-Home Personal Care Services To The UK Reuters: Right at Home, Inc., a leading provider of...
Related posts brought to you by Yet Another Related Posts Plugin.








