Re/Max being acquired, headquarters to leave Colorado
Key Points:
- Miami-based Real Brokerage Inc. is acquiring Denver-based Re/Max Holdings in a cash-and-stock deal, combining the two publicly traded real estate companies.
- Re/Max, a major franchisor of residential real estate services, has been headquartered in Denver since the 1970s.
- The merged entity will be named Real Re/Max Group and will have its global headquarters in Miami.
- Despite the headquarters move, the new company will continue to maintain a significant operational presence in the Denver area.