Thursday, April 25, 2013
Realogoy, Under the radar
Insiders know the name but most people have little idea about this major real estate player. Maybe this graphic will help:
It is even a public company; RLGY And why should you care? Lots of reasons. not least if You have a Sotheby's agent and you are buying a CB (Coldwell Banker) property it is an in-house transaction and you may never know it. And recent news is interesting. They just refinanced themselve. Why? Because they were paying 11.5%. The new notes are $500 million aggregate principal amount of 3.375% senior notes due 2016. Thanks Ben!
Now the light bulb goes on.
FD: No position as of posting.