National Realty Trust Acquires Bay Area Firm

National Realty Trust said Monday it has acquired Contempo Realty, a Bay Area firm with 18 offices. Terms were not disclosed.

Contempo’s offices will become franchisees of Century 21 Real Estate Corp., and former Contempo President Robert Moles has been named president of Century 21. Jeff Culbertson, a longtime Contempo Realty shareholder and manager, has been appointed president of Contempo and will report to National Realty Trust.

National Realty was established last year to own and operate residential real estate offices as franchised brokerages of Century 21, Coldwell Banker Real Estate Corp. and ERA Franchise Systems Inc., all of which are subsidiaries of HFS Inc.

National Realty, which owns more than 350 real estate offices throughout the country, recently said it plans to move its headquarters to Parsippany, N.J., from Mission Viejo to be closer to HFS.