Santa Ana, Calif.-based Carrington Property Services LLC has launched the Carrington Property Network (CPN), an exclusive national network of leading residential real estate brokerage firms.
According to the company, CPN will assist the brokerage firms in its network by facilitating their participation in the distressed property market and by enabling them to work with institutional real estate investors. CPN members will have access to Carrington's institutional real estate services, as well as real estate owned listings, short sale leads, investor buyers, and property management and broker price opinion fulfillment services.
CPN brokerage firms will be selected by Carrington and must be ranked in the top five in their market in terms of transactions and sales volume, and have the infrastructure in place to manage institutional business in order to qualify for consideration for CPN membership.
‘Carrington has established a track record as the leader in the area of real estate services for institutional customers, and CPN is a way for us to expand our coverage by partnering with established, successful residential real estate brokerages across the country,’ says Steve Ozonian, chief real estate officer for Carrington Holding Co., the parent company of Carrington Property Services. ‘CPN members will be located in markets that complement our already-established network of company-owned Atlantic & Pacific Real Estate offices.’