Koenig steps down, shifts gears

August 7, 2002

GMAC Real Estate Chairman to 'take a breather,' then act as consultant


Inman News Features

GMAC Homes Services announced that GMAC Real Estate Chairman Tom Koenig will vacate his position with that company.

Koenig's Chicago-based Koenig & Strey was family owned until three years ago, when the real estate brokerage company was sold to GMAC Real Estate. Koenig since then has been responsible for integrating the brokerage into GMAC Real Estate's operations.

Koenig may be stepping down, but he apparently has no intention of slowing down.

"My grandmother lived to be 100 and my father is still going strong at 80 years of age working every day at Koenig & Strey GMAC Real Estate. My plans are to keep moving forward for a long, long time," he said.

Koenig is planning to do some traveling in the coming months, then work as a consultant to GMAC Real Estate and its CEO John Bearden, according to a statement from the company.

Koenig & Strey GMAC Real Estate has 13 offices and 750 sales associates, who handled nearly $3 billion in sales last year, according to the company. GMAC Real Estate has more than 1,300 offices and 20,000 sales associates in North America and is one of three operating companies that comprise GMAC Home Services.

The company has no plans to name a successor in the position Koenig is leaving.

Copyright: Inman News Service


Contact ALTA at 202-296-3671 or communications@alta.org.

North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents. SoftPro is the nation's leading provider of closing and title software, consistently pushing the technological envelope to pioneer the most powerful and comprehensive closing and title automation software on the market. SoftPro's Award-Winning Software combines cutting-edge technology with outstanding support to make your business more productive, efficient and boost your revenue.