Actual Brokerage is shopping for REMAX in an $880 million deal that may transfer the franchisor’s headquarters to Miami after 50 years in Colorado.
Miami-based Real Brokerage Inc. has agreed to acquire REMAX Holdings in a deal valued at roughly $880 million. It would relocate the headquarters of certainly one of Denver’s most storied company names to Florida after greater than 50 years in Colorado, the businesses introduced Monday.
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The deal would unite two publicly traded brokerages — Actual (NASDAQ: REAX) and REMAX (NYSE: RMAX) — beneath a brand new entity referred to as Actual REMAX Group, headquartered in Miami. REMAX’s Denver-area operations will stay intact, the businesses mentioned. Actual CEO Tamir Poleg will lead the mixed firm, which is able to proceed buying and selling on NASDAQ beneath the ticker REAX.
“Actual REMAX Group shall be headquartered in Miami with important operations remaining within the Denver space,” the companies said in a press release asserting the merger on Monday.
Inman has reached out to REMAX for remark. This story shall be up to date if and when responses are acquired.
Mile Excessive roots
REMAX was founded in Denver in 1973 by Dave Liniger and his then-future spouse, Gail Foremost, on a then-radical thought: let brokers maintain almost all of their commissions and pay their dealer a share of workplace bills as an alternative. Inside 5 years, REMAX was the biggest actual property firm in Colorado. Inside a decade, it had crossed into Canada and was increasing throughout North America.
Liniger, now chairman of REMAX’s board, controls roughly 38 % of the corporate’s voting energy and has agreed to vote his shares in favor of the transaction.
On the finish of 2025, REMAX had 519 workers, about half of them within the Denver space. The businesses have promised “important operations” will stay in Denver, however provided no specifics on headcount.
REMAX has been headquartered on South Syracuse Avenue in Denver since 2008. The constructing is owned by Greenwood Village, Colorado-based Kore Investments, which paid $115.2 million in 2018 for the 14-story, 242,000-square-foot construction.
REMAX has already been shrinking its footprint there. In 2021, REMAX executives said the corporate was lowering the variety of flooring it occupied from 9 to 5.
Colorado company exodus
Chad Ochsner, dealer and proprietor of RE/MAX Alliance Group — the Arvada, Colorado-based franchise that logged $3.5 billion in gross sales final 12 months — told the Denver Gazette a Zoom name with REMAX company following the announcement provided some reassurance: some operations and employees might stay in Denver. However the firm’s iconic international headquarters in Denver will not be a part of that image.
Ochsner additionally advised the Gazette that he and different Colorado REMAX franchise executives have been blindsided by the deal and have been scrambling to reply a flood of questions from brokers, from whether or not charges would change to whether or not they’d want new yard indicators.
The deal marks one other company headquarters departure for Colorado, a pattern that has develop into an uncomfortable sample for the state in recent times.
“Technically, their inventory shall be listed as a Miami company,” Ochsner advised the Gazette. “Sucks for Denver.”
The REMAX deal lands amid rising alarm over Colorado’s company exodus. In February, Palantir Applied sciences, one of many state’s most precious publicly traded firms, relocated its headquarters from Denver to a Miami suburb after 5 years in Colorado, providing little rationalization.
Earlier this month, the Colorado Chamber of Commerce reported a web lack of 34 public firm headquarters since 2022, with 70 departures outpacing 36 arrivals.
The large get greater
The mixed firm of Actual and REMAX would have generated roughly $2.3 billion in annual income in 2025, the businesses mentioned. The deal is anticipated to shut within the second half of 2026, pending regulatory and shareholder approvals.
The deal arrives amid an accelerating wave of consolidation throughout the brokerage trade. Compass’s $1.6 billion acquisition of Anywhere Real Estate — dad or mum of Coldwell Banker, Century 21, Corcoran, Sotheby’s Worldwide Realty and ERA, amongst different manufacturers — closed in January, vaulting that firm to just about 340,000 brokers throughout roughly 120 nations.
Actual’s transfer for REMAX is the following main play in an trade quickly reorganizing round platform scale, expertise funding and international attain. REMAX and Motto Mortgage will proceed to function beneath their current manufacturers following the shut of the transaction.
