Many wondered what M. Ryan Gorman would do next after he resigned as CEO of Coldwell Banker. Gorman answered this question in his first public statement since leaving Coldwell Banker on Thursday.
Gorman posted on Medium that he had changed his focus to affordable housing and homebuilding.
Gorman wrote on Medium that “when neighborhoods lack diversity, truly mutual understanding becomes impossible.” “Access to housing is not equal, and so is access to opportunities. If one doesn’t have a roof over their heads, it can make it difficult to thrive in all other aspects of life.
Gorman, who was the CEO of Coldwell Banker for three consecutive years, was resigned in December. Gorman stated that he was motivated by helping people and that he was “terminated” from Coldwell Banker. He can now focus on other projects including btcRE – a real estate consulting firm he founded more than 10 years ago.
Gorman didn’t go into details about “my recent termination”, but he suggested multiple times that his departure from Coldwell Banker wasn’t by his will.
He wrote, “The path home is clear,” “not by choice, but cleared nonetheless.”
Gorman acknowledged that Coldwell Banker was not his decision, but he expressed gratitude to Coldwell Banker in a post. He wrote that he was “blessed” to call Coldwell Banker home and that he has “numerous fond memories, a tremendous feeling of collective accomplishment and a richness beyond measure of friendships. Coldwell Banker is forever in my debt.”
Gorman, a Coldwell Banker and Anywhere Real Estate employee of nearly two decades wrote in the post that he avoided real estate development projects while at Anywhere because of perceived conflicts.
Gorman stated that he is now investing more in btcRE. He said that the firm would focus on affordable, accessible, and fair housing. This includes site development and property management.
He stated that he would redevelop properties to create affordable housing. This includes access to efficient energy and transportation. “We will accept investment opportunities, advisory appointments, and speaking engagements with housing associations that share our values in order to advance the mission. We will be relentless advocates for logical policy changes that transcend politics to deliver the promise of shelter and security for all.
Gorman stated that he sees his latest venture as an evolution from the work he did at Coldwell Banker.
He wrote, “I am a missionary and I want to serve a community. I won’t compromise on ethics.” “I am a missionary, but not a mercenary and I look forward the next mission to benefit communities that I am eager to serve together with a partner I trust completely.”