Pieces of GMAC real estate arm have been sold
Although no information is being reported on Pacific Union, Koneng and Strey and other company owned offices - much of the empire has been sold. NEW YORK (Associated Press) - A unit of Brookfield Asset Management Inc. said Tuesday it is buying the real estate arm of GMAC Financial Services for undisclosed terms. The Toronto-based asset manager’s Brookfield Residential Property Services will buy GMAC Home Services LLC from GMAC Residential Holding Company LLC and Residential Capital LLC. The deal includes GMAC Real Estate, which has about 80 company-owned real estate offices and about 1,000 franchised offices nationwide, and GMAC Home [...]