
Brookfield Asset Management’s residential real estate brokerage division, Real Living, opened another office in metro Denver, bringing the total number of state offices to three.
Real Living took over the Colorado Real Estate Associates office, 12001 N. Tejon St., Westminster (www.reallivingCOrealestate.com). That adds to the office at 480 Holly St., Denver, and one in Colorado Springs.
Jackie Nordstrom owns the new franchise. “We have some opportunities with the Real Living brand we didn’t have before,” Nordstrom said. “Brookfield’s parent company is the second-largest relocation company in the nation. There are just so many positives to the brand and what it has to offer.”
Brookfield Office Properties Inc., part of Brookfield Asset Management, recently bought the former Qwest building and owns Republic Plaza.
Brookfield Asset Management, which is based in Toronto, Ontario, Canada, bought three U.S. real estate companies recently: GMAC Real Estate, Prudential Residential Real Estate and Real Living Real Estate.
Real Living works closely with Brookfield’s relocation service.
Network Development Director Chip Bruss said Brookfield has helped relocate about 150 energy executives to Denver in the past year.
Nordstrom said in an interview that Real Living has an exclusive relationship with Bank of America (BOA), which can help streamline short sales. It also allows Real Living’s brokers to list properties on the BOA website.
“That gives our sellers an advantage because it’s additional exposure for their properties,” Nordstrom said.
There are about 40-50 brokers in each office, she said.
Though the Real Living name doesn’t have as much recognition as other real estate brokerages, Nordstrom in a news release that its “tools and systems are unmatched,” especially the website. It allows homebuyers to do side-by-side comparisons of not only homes for sale, but the areas where they’re located.
“It’s very robust and consumer-oriented,” she said.
Real Living has about 400 offices and more than 10,000 brokers nationwide.
This article is reprinted from the Denver Post. Dennis Huspeni covers real estate and retail for the Denver Business Journal and writes for the "Real Deals" blog. Email: dhuspeni@bizjournals.com. Phone: 303-803-9232.
