Coldwell Banker Residential Brokerage Acquires
Bob Tendler Real Estate in Connecticut

Stamford, Conn. – September 8, 2004

Coldwell Banker Residential Brokerage, the largest residential real estate brokerage firm in Connecticut, today announced that it has acquired Bob Tendler Real Estate in Newtown, Conn. Located at 17 Church Hill Road, Bob Tendler Real Estate has been ranked the No. 1 local residential real estate brokerage in Newtown since 1983, according to local multiple listing statistics. The company will now operate under the banner of Coldwell Banker Residential Brokerage in Connecticut/Westchester County, N.Y.

Bob Tendler, sole owner of his namesake company, will manage the Newtown office. A licensed real estate broker for 28 years, Tendler is a well-known figure in the Newtown community, where he served previously as president of the Greater Newtown Board of Realtors for two terms. Bob Tendler Real Estate's 14 sales associates in the Newtown-based office accounted for nearly $100 million in closed sales volume during the last 12 months.

"We are very proud to welcome Bob Tendler Real Estate to our company," said Peggy Doepper, president and chief operating officer. "The company has always exceeded expectations when it comes to providing first-class service to their sales associates and clients alike. In pursuing a way into the Newtown market, we looked for a real estate firm that reflects our strong customer focus and found an excellent match with Bob Tendler Real Estate."

With this announcement, Coldwell Banker Residential Brokerage now has 40 offices in Connecticut. The company was ranked No. 1 in closed sales volume during 2003 in the state of Connecticut, according to the 2004 REAL Trends 500 study.

"By joining Coldwell Banker Residential Brokerage, we are immediately able to tap into opportunities for growth across Connecticut and into its established network across 30 major metropolitan markets," said Tendler. "We see this as a terrific opportunity for our agents to gain more referrals and traffic to their listings – which is an outstanding benefit for the real estate consumer."

Coldwell Banker Residential Brokerage's corporate offices in Connecticut/Westchester are located at 30 Buxton Farm Road, Stamford, Conn. The company has more than 2,000 sales associates in 50 offices across Connecticut and Westchester County.

About Coldwell Banker Residential Brokerage
Coldwell Banker Residential Brokerage in Connecticut/Westchester, N.Y. is a member of the Coldwell Banker® system, which has approximately 3,600 offices with 113,800 sales associates worldwide. Coldwell Banker Residential Brokerage is part of the NRT family of companies, which owns and operates companies in more than 30 of the country's largest metropolitan markets. NRT Incorporated, a subsidiary of Cendant Corporation (NYSE: CD), is the nation's largest residential real estate brokerage company, with more than 950 offices and 55,000 sales associates. In 2003, NRT posted a real estate industry record of $167 billion in closed sales volume.

Press Release Index