TRG and REcolorado – 2 Major Acquisitions

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TRG and REcolorado

The state’s largest multiple listing service, TRG, where most homes in the State are listed, is now owned by MAZL, LLC, a private company led by equity title firm executive Joseph E. Burks. While the sale price remains undisclosed, Burks emphasized TRG’s commitment to enhancing REcolorado’s value and services.

This transition comes after a tumultuous period for the former owners, the Denver Metro Association of Realtors and the South Metro Denver Realtor Association. They recently fired the entire REcolorado board for allegedly leaking details of the sale, which raised concerns among members about transparency and the motivations behind the acquisition. TRG remains vigilant in ensuring trust during these transitions.

In a twist, Ohio-based MRI Software also made an unsolicited bid for REcolorado, but TRG helped MAZL ultimately secure the deal. Burks reassured stakeholders that TRG will continue to prioritize affordability for its 26,000 subscribers and protect listing data. With TRG at the forefront of this acquisition, the industry can expect improved services and sustained focus on innovation. TRG’s involvement signals a strategic move to lead the real estate market into the future.

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Title Resources Group Acquires Doma, Enters Top 5

Title Resources Group, a leader in the title insurance industry, has made headlines today with the acquisition of Doma Holdings, Inc. This deal positions TRG as one of the nation’s top five independent title underwriters.

As part of this acquisition, Doma’s underwriting division will now operate as Doma Title Insurance, Inc., a wholly owned subsidiary of TRG. Meanwhile, Doma’s technology division has been rebranded as Doma Technology LLC and will function independently, backed by major shareholders like Centerbridge Partners and Hudson Structured Capital Management.

Additionally, LENX, the strategic investment arm of leading homebuilder Lennar, has taken a minority stake in TRG, joining notable owners like Anywhere Real Estate and Opendoor Technologies.

Scott McCall, CEO of TRG, emphasized the potential for enhanced value through this merger, stating, “Combining DTI with TRG’s existing underwriter makes us a major player in the marketplace.” Emilio Fernandez, President of DTI, expressed excitement about the partnership under McCall’s leadership, highlighting their shared commitment to customer service and quality.

Beckhams Purchase $80M Miami Beach Mansion

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David and Victoria Beckham are set to expand their presence in South Florida with the purchase of a stunning waterfront estate in Miami Beach, listed at $80 million.

The retired soccer superstar and co-owner of Inter Miami, along with his fashion designer wife, are reportedly buying the lavish mansion located at 4736 North Bay Road. This impressive 14,270-square-foot property features nine bedrooms, nine bathrooms, and four half-bathrooms, along with luxury amenities such as a gym, spa, home theater, and an outdoor kitchen.

Developed by Niklas de la Motte, the nearly completed estate boasts 124 feet of water frontage and sits on a 0.6-acre lot. The design was crafted by Choeff Levy Fischman, with interiors from Antrobus Design Collection. The property was marked pending on the Multiple Listing Service just last week.

David Beckham, who has been instrumental in establishing Major League Soccer in Miami, is also involved in developing a mixed-use soccer complex near Miami International Airport. The Beckhams already own a luxurious full-floor condo at the One Thousand Museum tower in downtown Miami, purchased for around $19.8 million in 2020.

This latest acquisition reflects the booming ultra-luxury real estate market in Miami Beach, where high-profile sales continue to make headlines. 

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