Sotheby’s International Realty, Inc. Acquires John T. Henningsen, Inc. Real Estate

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RISMEDIA, June 18, 2007-Sotheby’s International Realty, Inc. has announced it has acquired the assets? of John T. Henningsen, Inc. Real Estate based in Rye, New York. The John T. Henningsen office, set on a prime Purchase Street location, will now operate as Sotheby’s International Realty, Inc., a subsidiary of NRT Incorporated, the largest residential real estate brokerage company in the United States. The office supplements Sotheby’s International Realty’s existing Rye presence on Purdy Avenue. During the last 12 months, the two Rye operations were responsible for a combined $424 million in closed sales volume.Co-owners John and Joan Henningsen will both assume roles as sales associates for Sotheby’s International Realty, Inc., and Ellie Johnson, vice president for Sotheby’s International Realty, Inc. and manager of the company’s existing Rye operations and uptown Manhattan office, will also lead the new Rye-based office.

“John T. Henningsen is a leading boutique real estate firm in Rye that is culturally compatible with Sotheby’s International Realty and has proven itself within the local high-end market,” said Kathy Korte, president and chief executive officer of Sotheby’s International Realty, Inc. “Given John T. Henningsen’s commitment to superior service and the local community, it is clear that our two firms are strategically aligned.”

John T. Henningsen, Inc. was founded in 1984 and achieved an average sales price of $2 million during the past 12 months.

“Sotheby’s International Realty is the only firm with which we considered entrusting the future leadership of our company,” said Joan Henningsen. “John and I have dedicated our lives to our business, and this is the best and most natural evolution to ensure that our sales associates continue to expand their opportunities and prosper for years to come. We’re very excited to join Sotheby’s International Realty’s legacy of transacting real estate with the highest level of service and sophistication.”

For more information, visit www.sothebyshomes.com.

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