The New Jersey-based real estate brokerage, Real Estate Capital, said it has signed up about $5 billion of new real estate transactions over the next five years, with the majority of those in New York City and the Bronx.
The brokerage’s stock was up 0.3% at $14.94 a share on Wednesday.
In addition, its new headquarters in New Jersey, a market leader, has added 1,000 jobs and has added about 600 new employees, according to a news release.
“The next wave of transactions is now in the hands of the real estate brokers,” CEO Paul Zarembka said in a statement.
“We’re going to be working to create more jobs and better conditions for all our employees.”
In December, Zaremberg said the company’s market share of New York transactions grew by almost 50% in 2017.
“The opportunity to work with a team that understands and understands our business, and who are committed to serving our customers, is the next step in our evolution,” Zarenbak said.
In January, Real House on Wall Street reported that its New York market share rose to 27% last year, up from 16% in 2016.
Zarebka told investors that Real House is expanding in other markets, including London and Paris, which is a sign that it’s “going to have to be more aggressive in its expansion.”
The company’s New York headquarters has more than 20,000 employees and has opened up space for about 600 employees to start new jobs.
As of Tuesday, Zerembka had about $3.2 billion in assets under management.
Zarembkas goal is to reach $1 billion in sales by 2021, and to double sales by 2022, according a statement from the company.
The firm will start by hiring 10,000 full-time workers.
On Tuesday, the firm raised $2 billion from investors, which included Morgan Stanley and Deutsche Bank.