Real Brokerage will acquire REMAX in an $880 million deal that will move the franchisor’s headquarters, which have been in Colorado for 50 years, to Miami.
Miami-based Real Brokerage Inc. has agreed to acquire REMAX Holdings in a deal valued at approximately $880 million. One of Denver’s most storied companies will move its headquarters to Florida after more than 50 years in Colorado, the companies announced Monday.
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The partnership will combine two publicly traded securities companies, Real (NASDAQ: REAX) and REMAX (NYSE: RMAX), under a new organization called Real REMAX Group, headquartered in Miami. REMAX’s Denver-area operations will remain intact, the companies said. Real CEO Tamir Poleg will lead the combined company, which will continue to trade on the NASDAQ under the ticker REAX.
“Real ReMax Group will be headquartered in Miami, with significant operations remaining in the Denver area,” the companies said in a press release announcing the merger on Monday.
Mr. Inman has reached out to REMAX for comment. This story will be updated if a response is received.
mile high roots
REMAX was founded in Denver in 1973 by Dave Liniger and his then-future wife, Gail Main, based on the then-unconventional idea of letting agents keep nearly all of their commissions, and instead have brokers pay a portion of their office expenses. Within five years, REMAX became Colorado’s largest real estate company. Within a decade, it made its way to Canada and spread throughout North America.
Mr. Liniger, who is currently chairman of the REMAX board of directors, controls approximately 38 percent of the company’s voting power and agreed to vote in favor of the stock transaction.
At the end of 2025, REMAX had 519 employees, approximately half of which were located in the Denver area. The companies promised that “essential operations” would remain in Denver, but did not provide details on the number of employees.
REMAX has been headquartered on South Syracuse Street in Denver since 2008. The building is owned by Greenwood Village, Colo.-based Kore Investments, which paid $115.2 million for the 14-story, 242,000-square-foot building in 2018.
REMAX has already reduced its footprint in the region. REMAX executives said the company will reduce the number of floors it occupies from nine to five in 2021.
Colorado corporate exodus
Chad Ochsner, broker and owner of RE/MAX Alliance Group, an Arvada, Colo.-based franchise that posted $3.5 billion in sales last year, told the Denver Gazette that a Zoom call with the REMAX entity after the announcement reassured him that some operations and staff may remain in Denver. But the company’s iconic international headquarters in Denver may not be part of that image.
Ochsner also told the Gazette that he and other Colorado REMAX franchise executives were blindsided by the deal and were scrambling to answer a barrage of questions from the agency, from whether rates would change to whether new yard signs were needed.
The agreement marks another departure for corporate headquarters to Colorado, a trend that has become an uncomfortable pattern for the state in recent years.
“Technically speaking, their stock will be listed as a Miami corporation,” Ochsner told the Gazette. “It’s terrible for Denver.”
The deal with REMAX comes amid growing concerns about corporate outflows in Colorado. In February, Palantir Technologies, one of the state’s most valuable publicly traded companies, moved its headquarters from Denver to a Miami suburb after five years in Colorado, with little explanation.
Earlier this month, the Colorado Chamber of Commerce reported net losses for 34 publicly traded corporate headquarters starting in 2022, with 70 departures outweighing arrivals by 36.
big things get bigger
The combined Real and REMAX company will generate annual revenues of approximately $2.3 billion in 2025, the companies said. The transaction is expected to close in the second half of 2026, subject to regulatory and shareholder approvals.
The deal comes amid a wave of accelerating consolidation across the securities industry. Compass’ $1.6 billion acquisition of Anywhere Real Estate (parent company of brands such as Coldwell Banker, Century 21, Corcoran, Sotheby’s International Realty and ERA) was completed in January, giving the company a portfolio of approximately 340,000 agents in approximately 120 countries.
Real’s move to REMAX is the next big move in an industry that is rapidly restructuring around platform scale, technology investment, and global expansion. REMAX and Motto Mortgage will continue to operate under their existing brands after the transaction closes.
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