What was the amount of property and equipment additions for Corcoran in 2023?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
ments of Operations. During the second quarter of 2022, the Company sold a portion of its interest in the Title Insurance Underwriter Joint Venture, reducing its equity interest from 30% to 26% and resulting in a gain of $4 million. In 2023, the Company sold another portion, further reducing its equity interest from 26% to 25% and resulting in a gain of $1 million. I
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the gross property and equipment for 2023 was $916. The document also shows that for 2023, capitalized software was $530, finance lease assets were $72, building and leasehold improvements totaled $268, and land was $1.
These figures represent the total investments Corcoran made in its property, equipment, and capitalized software during 2023. For a prospective franchisee, this indicates the level of ongoing investment Corcoran makes in its infrastructure and technology. It is important to note that these figures reflect the company's overall investment and may not directly correlate to the investments required or made at individual franchise locations.
Understanding these capital expenditure trends can help a potential franchisee assess Corcoran's commitment to maintaining and upgrading its resources, which can impact the support and tools available to franchisees. Reviewing these figures in comparison to previous years can also provide insight into Corcoran's growth and investment strategies.