Purchasing a home is stressful at best and a complete nightmare at worst. As a result, over 30% of buyers and sellers resort to real estate companies. Most of these buyers and sellers want their responsibilities handled by someone else. And the best companies are beneficial in directing their consumers with investments. The world's largest real estate corporations are below.
American Tower Corporation
The American Tower Corporation is a global real estate investment trust. The company owns and operates wireless and broadcast communications infrastructure. It leases spaces, builds communication towers, and then sells the place on top of the tower to tenants. The company had a yearly sale volume of $7 billion and a market cap of $85 billion. The company also ranked 410 on Forbes' Fortune 500 companies, which is tremendous. It also ranked 3rd on Forbes' global 2000 list in the real estate category. It is one of the best real estate stocks for those interested in 5G technology investments. The company also has over 214,000 sites, with its headquarters in Boston. American Tower has a rating as the second most valuable real estate company. Additionally, they operate broadcast communications in several countries worldwide. The company has segments in U.S., Asia, Europe, Latin, and Africa. The U.S. Property segment operates in the United States.
RE/MAX
RE/MAX stands for Real Estate Maximums. Since 1999, it has ranked first among real estate brands. Moreover, it has one of the biggest market shares in the United States and Canada. The company, founded in 1973 by Dave and Gail Liniger, had $177 million in revenue in 2015. This event helped the company make its way with the largest real estate companies. RE/MAX is a global commercial real estate corporation and 6800 offices. They also have 100,000 agents working in over 100 countries for them. The company was also the market leader in the United States and Canada until 2013. Additionally, they operate on a franchise basis, with 3000 employees. The company had a market value of $700 million with a profit of $265 million.
CBRE Group
CBRE is an acronym for Commercial Real Estate Services Group, Inc. It is a private company based in Los Angeles and is one of the world's largest real estate firms. They are one of the best real estate brands, with revenues of $13.1 billion and over 75,000 people, offering a wide range of services, including facility, property, and investment management. They also have evaluation and valuation, leasing or selling property, and mortgage services. More than 90 of the top 100 companies on Forbes' Fortune 500 list work with CBRE Group Inc. It had 90,000 employees and a market capitalization of $21.4 billion in the fiscal year 2018-19. It hit a 52-week high of 65 dollars on the New York Stock Exchange and a 52-week low of 45 dollars.
Simon Property Group
Simon Property Group is a commercial real estate business based in the United States. They have a total gross leasable area of 241 million square feet spread over 325 properties. With a market capitalization of $55 billion, it is also the largest retail REIT. The Simon Property Group has a global annual sales volume of $5.6 billion and a profit of 2.5 billion dollars. They are also the largest shopping mall operator in the United States.
Century 21
Century 21 is a real estate company established in 1971. It houses 9400 owned and operated businesses operating in 80 countries worldwide. These countries include Europe, Latin America, the Middle East, and Asia. They have almost 127,000 people, making them one of the largest real estate brands. Moreover, they are the largest and most successful real estate company in e-marketing. They have an answer to succeed in the competitive real estate industry. It is a simple one: they collaborate with independent brokers, entrepreneurs, and agents.
Final Thoughts
Most real estate companies are private companies. Thus, they rarely compete in the open market. But, the revenue, level of trust, and innovative techniques are indicators for rating. The largest real estate companies rely on coming up with creative concepts. If they do not stand out from their competition, they will not be able to catch the attention of their niche. As noted, the real estate industry is a sea of unending similarities. Stakeholders suggest that transparency helps real estate companies to develop a larger client base. This effort also makes them rank higher among major real estate companies.
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