Prudential Real Estate and Relocation Services joins Brookfield Residential Property Services!

Brookfield Residential Property Services, an affiliate of Brookfield Asset Management, Inc., has purchased Prudential Real Estate and Relocation Services from Prudential Financial, Inc.

Louis Stephan, of Prudential Ursula M. Stephan REALTORS says the acquisition is a tripling of resources for his company and a very positive move.

Stephan purchased his franchise in 1987.  The acquisition does not affect his franchise agreement or those of other affiliates across North America. They will continue to use the Prudential brand.

But Stephan says the acquisition opens additional resources and corporate relationships. “Corporate relationships we have now,” he said, “can be built on locally and then become national connections.”

According to Stephan his operation has a high percentage of relocation business because of Prudential, and adding this component is going to grow that business by leaps and bounds.

Brookfield Residential Property Services is a leading global provider of real estate and relocation services, analytics and knowledge. With this acquisition the company’s portfolio consists of leading brands, including Brookfield Global Relocation services, the second largest provider of global relocation services, Prudential Real Estate and Relocation Services, Brookfield Real Estate Services, Royal LePage, Real Living, Via Capitale and Centract.

Through its real estate brands it has nearly 80,000 real estate professionals in more than 2,800 locations, who transact over $150 billion annually.  

The global footprint spans North America, the United Kingdom, France, China, Singapore, India, Brazil and Australia and includes more than 2,500 employees worldwide.

It is a division of Brookfield Asset Management, a global asset manager with approximately $150 billion of assets under management.