Earlier this month, Waterfall Asset Management, a specialist manager of high-yield asset-backed securities, announced its acquisition of Coldwell Banker Commercial Hunter Realty, an independently owned and operated affiliate of Coldwell Banker Commercial, which itself is a franchise system owned by Realogy, the parent company behind Sotheby’s International, the Corcoran Group and Century 21, to name only a few of the dozen or more entities the corporation controls. Confused? So was The Commercial Observer, which is why we took it upon ourselves last week to untangle the many entities now intertwined with Coldwell Banker Commercial Hunter Realty—which, just to add another level of complication, will now be called Coldwell Banker Commercial Alliance. Below, the interests and investments of Realogy and Waterfall Asset Management
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