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“As a recognized leader in the area of real estate services for institutional customers, Carrington is in a unique position to open doors for successful residential brokerage firms looking to expand their offerings and their reach into the institutional real estate services market,” continues DiUbaldo. “The Charter members of Carrington Property Network include some of the most successful residential brokerages in the nation and represent the quality of partner we will continue to attract in our effort to provide best-in-class institutional real estate services nationwide.”

Institutional real estate sales have grown in importance in recent years, as the volume of distressed property sales has increased dramatically. Distressed properties – short sales and foreclosed homes – have consistently accounted for between 15 to 25 percent of all residential home sales for the past three years, and have been in high demand among prospective homebuyers and investors. CPN provides training and support to its members to help them successfully participate in this market segment.

Leading residential brokerage companies interested in becoming a CPN member should visit the company’s web site at www.carringtonpn.com to submit an inquiry.

For more information, visit www.carringtonrealestate.com.

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