Carrington Real Estate Services Acquires Realty Direct, Inc. in Washington, DC Metro Area, Continuing Its Global Expansion

SANTA ANA, Calif., Oct. 30, 2014 /PRNewswire/ -- Carrington Real Estate Services (US), LLC (Carrington), a corporately owned and operated national brokerage, today announced that it has acquired all Realty Direct, Inc.'s assets and operations in the Washington, DC metro area in an effort to broaden delivery of its high quality products and services to customers during each phase of the home buying and selling process. The addition of offices and staff in Largo, Maryland, as well as Ashburn and McLean, Virginia brings a proven track record of exceptional customer service, and adds approximately 230 agents to the Carrington brand operating under local office market leader and majority owner of Realty Direct, Wendy Powers.

"This acquisition aligns with our strategy to ensure a smooth, seamless real estate transaction, placing high value on the customer experience through our integrated services model, which is localized to individual regions," said Carrington Holding Company Chief Real Estate Officer Steve Ozonian. "Carrington offers an extensive array of single family services ranging from mortgage servicing and origination to property field services, providing our customers with a full service solution." 

With nearly 14 years of experience in the DC metro area, our leadership team is well equipped to effectively accommodate the real estate needs of the local community. Carrington's DC brokerage also has a history of assisting local Veterans with their housing needs.

Carrington is a leader in institutional real estate services, which include providing residential real estate development, management, brokerage, settlement and field services to a wide range of government and large corporate institutions in the U.S.

"In today's ever changing real estate market, Carrington's strategic relationships and vision offer a significant point of differentiation in taking an agent's business to the next level," said Wendy Powers. "Carrington's holistic and innovative approach to single family real estate transactions, with direct access to unique programs like, 'The Carrington Loan,' Carrington Mortgage Services' no upfront financing fee loan for consumers with lower FICO scores. We are thrilled to join the Carrington team and have the support of a national brokerage. We look forward to growing with Carrington and supporting real estate consumers in the DC metro area."

"Because of our comprehensive strategy that excels at every stage of the real estate transaction, we are uniquely positioned to support both customers and agents in key markets across the U.S," said Carrington Real Estate Services Executive Vice President and Head of Global Operations Wendy Forsythe.

Carrington Real Estate Services' offices in the Washington, DC metro area are located at:

• 44330 Premier Plaza, Suite 210, Ashburn, VA 20147
• 7601 Lewinsville Road, Suite 306, Mclean, VA 22102
• 1401 Mercantile Lane, Suite 100, Largo, MD 20774

For more information about Carrington's offices in the DC metro area and its plans for future expansion, please visit www.carringtonrealestate.com or call (877) 330-2773.

About Carrington Real Estate Services

Carrington Real Estate Services, LLC is one of the 16 operating companies under Carrington Holding Company, LLC. Through its operating subsidiaries, Carrington Real Estate Services offers full-service national real estate brokerage services, with 33 corporately owned and operated offices. Approximately 1,800 sales professionals provide expertise to assist buyers and sellers with residential property services that include retail sales, investment, rentals, distressed property sales and short sales. To learn more, visit our website at www.carringtonrealestate.com.

About Carrington Holding Company

Carrington Holding Company, LLC (Carrington) owns and operates multiple businesses that cover virtually every aspect of single family residential real estate transactions. Carrington's 16 separate business units are organized into four distinct, but closely related, operating segments: Asset Management, which oversees investments in U.S. real estate and mortgage markets; Mortgage Servicing; Mortgage Lending; and Real Estate, which is divided into a real estate logistics sub-segment providing property asset management, preservation and rental services, and a real estate brokerage sub-segment which is comprised of a retail residential brokerage company as well as title and escrow services.

Carrington's non-profit organization, Carrington Charitable Foundation, through its collective associates made up of Carrington leaders and employees, seeks to promote giving back to the community through causes that reflect the interests of Carrington associates. For more information about Carrington Charitable Foundation and the organizations and programs it supports through specific fundraising efforts, including the Annual Carrington Charitable Foundation Golf Classic, which assists our nation's heroes who have made tremendous sacrifices to protect our freedom, please visit: http://carringtoncf.org.

Carrington Mortgage Services, LLC is an equal housing opportunity lender. To learn more about Carrington Holding Company, please visit: www.carringtonhc.com.

Disclaimer: NMLS ID 2600. The Carrington Loan is currently available in limited markets. Restrictions apply.

Media Contact:         

Christine Stricker
Office: (949) 517-7313
Mobile: (714) 873-4275
[email protected]

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SOURCE Carrington Real Estate Services

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