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Newsroom at ERA.com

2003 Press Releases

ERA Franchise Systems LLC
1 Campus Drive
Parsippany, NJ 07054
(973) 428-9700
Media contact: Stacy Quinn
(973) 496-7904
stacy.quinn@ERA.com
FOR IMMEDIATE RELEASE 


MERGER STRENGTHENS ERA NETWORK PRESENCE IN SAN ANTONIO REAL ESTATE MARKET
ERA Colonial Real Estate joins forces with Kuper Realty Corporation  

PARSIPPANY, NJ, June 16, 2003 – ERA Franchise Systems LLC announced today that network affiliate ERA Colonial Real Estate in Harker Heights, Texas, and Kuper Realty Corporation in San Antonio, have united to create a network of more than 150 sales associates serving Central and South Texas. The new firm will operate as ERA Kuper Realty Corporation.

In 2002, the two brokerages achieved a total of more than $12.1 million in gross closed income (GCI). As ERA Kuper Realty Corporation, the brokerage will continue to operate in three existing office locations throughout San Antonio.

ERA Colonial Real Estate, a multi-office brokerage serving communities throughout Central Texas, has been helping people achieve the dream of homeownership since 1987. The company is an ERA® President's Circle Top 50 brokerage and a member of the National Military Broker Network.

Kuper Realty Corporation has served the San Antonio area since 1972, specializing in luxury home sales and relocation services. Its sales professionals boast more than 1,500 years of combined experience in the real estate industry. Charlie Kuper, president, Kuper Realty Corporation, will oversee operations of the newly created brokerage.

"Our decision to unite with Kuper Realty Corporation was based on its distinctive reputation and to grow our market share," said Dennis DeWine, broker/owner, ERA Colonial Real Estate. "Most importantly, the company shares our deep sense of integrity and emphasis on personalized service. We will strengthen our level of customer service by combining the talents of our sales associates and by creating a synergy between both companies."

"Since Kuper Realty Corporation was founded more than three decades ago, its primary goal has always been to furnish the community with the finest real estate services available," said Kuper. "The technology, marketing and training tools ERA offers to its affiliates will be an asset to our sales associates as they continue to excel in the real estate industry."

About ERA Franchise Systems LLC
ERA Franchise Systems LLC is a global leader in the residential real estate industry with more than 30 years experience in developing consumer-oriented products and services. It is a subsidiary of Cendant Corporation (NYSE: CD) and part of its Real Estate Franchise Group. The ERA® real estate network includes more than 28,000 brokers and sales associates throughout the United States and 30 other countries and territories. Each office is independently owned and operated except offices owned and operated by NRT Incorporated. ERA® information is available to consumers at ERA.com. ERA® properties can also be viewed at Realtor.com. For additional information about ERA Franchise Systems, Inc. as well as expert commentary on emerging trends in the real estate industry, visit the Cendant Media Resource Center at http://www.cendant.com/media/.

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