NRT Acquires Leading Real Estate Companies in Utah

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RISMEDIA-NRRE August 2001

Industry News

NRT Acquires Leading Real Estate Companies in Utah

NRT, the nation?s leading residential real estate brokerage company, announced the acquisition of the three leading real estate companies in Utah: Coldwell Banker Premier Realty, Mansell and Associates Inc. and Wardley GMAC Real Estate. The new company will be headquartered in the greater Salt Lake City area and will be operated as Coldwell Banker Residential Brokerage (see page 44 for full story).

Dave Mansell, president of Mansell and Associates, Inc., will become president and chief operating officer of Coldwell Banker Residential Brokerage and Al Mansell will become the company?s new chief executive officer. Joining them on the senior leadership team will be Lynn Wardley, president of Wardley GMAC Real Estate; Scott Webber, president of Coldwell Banker Premier Realty; Ken Tramp, vice president of Wardley GMAC Real Estate; and Steve Webber, vice president of Coldwell Banker Premier Realty.

Members of the senior leadership team will focus on specific areas of business within the new company. Lynn Wardley will become president of new business development and Scott Webber will serve as president of Coldwell Banker?s Olympic Residential Accommodations program. Al Mansell, who serves as president of the Utah Senate and member of the leadership team of the National Association of Realtors, will focus on strategic regional and national issues. Ken Tramp and Steve Webber will serve as vice presidents.

With the entry into Utah, the NRT family of companies includes coverage in 23 of the nation?s largest metropolitan markets. This acquisition includes 38 offices and more than 1,900 sales associates across Utah.