Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 333

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 2
Chunk 333
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Table of Contents

Item 2.  Properties.

Substantially all of our properties are leased commercial space; we do not own any real property of significance. From December 31, 2023 to December 31, 2024, we decreased our leased-office footprint from approximately 4.3 million square feet to approximately 4.1 million square feet, of which as of December 31, 2024, approximately 0.5 million square feet are impaired or restructured.

Corporate headquarters; Franchise Group and Owned Brokerage Group. Our corporate headquarters is located in Madison, New Jersey with a lease term expiring in December 2029. This office also serves as the main operating space for Franchise Group and as corporate headquarters (and one regional headquarters) for Owned Brokerage Group. The space consists of approximately 270,000 square feet, of which our businesses currently utilize approximately 30%. 

Other Owned Brokerage Group. As of December 31, 2024, Owned Brokerage Group leased approximately 3.2 million square feet of domestic office space under approximately 793 leases. As of December 31, 2024, Owned Brokerage Group leased 38 facilities serving as local administration, training facilities or storage, and approximately 580 brokerage sales offices under 755 leases. These sales offices are generally located in shopping centers and small office parks, typically with lease terms of one to five years. Included in the 3.2 million square feet is approximately 0.3 million square feet of vacant and/or subleased space, principally relating to brokerage sales office consolidations.

Title Group. Our title agency business conducts its main operations at a leased facility in Mount Laurel, New Jersey, pursuant to a lease expiring in August 2026. As of December 31, 2024, this business also had leased regional and branch offices in 25 states and Washington, D.C.

We believe that all of our properties and facilities are well maintained.