| Posted on April 18, 2016

East Bay Regional Data Signs Buyout Agreement and Announces New Management

logo

CONCORD, Calif., April 18, 2016 /PRNewswire/ —

East Bay Regional Data Inc.(EBRD), a regional real estate subscriber-based Multiple Listing Service (MLS) for brokers and agents in Alameda and Contra Costa counties, announces that a buyout agreement has been signed making the Oakland Berkeley Association of REALTORS® (OBAR) the sole owner of EBRD, effective September 2016.

OBAR assumed management responsibilities for EBRD on April 1, 2016. The restructuring introduces new management to the organization. DaVina Lara becomes Managing CEO of EBRD and maintains her role as CEO of OBAR.

“I am excited about my role as Managing CEO,” says DaVina Lara. “I look forward to bringing new tools and products to the organization and increasing its position as a technology and service leader in order that San Francisco East Bay professionals have access to the best MLS services.”

Gustavo Rodriguez, who has an extensive MLS background, has been named director of operations and technology.

“I am pleased that EBRD will have top notch management for moving forward with MLS management operations,” says Troy Staten, EBRD board chairman.

EBRD’s ownership changes are a result of an agreement reached by shareholders earlier this year to restructure the corporation’s format. The decision was made to streamline efficiency and provide the shareholder associations-Delta Association of REALTORS® and Alameda Association of REALTORS®– with greater opportunities to obtain the best MLS services for their members.

“I am proud of all three shareholders for how efficiently we have come to the current state of affairs and I’m excited that EBRD will soon be able to more swiftly embrace technological advances within our industry,” says Doug Sager, President of OBAR and OBAR shareholder at EBRD.

About East Bay Regional Data

East Bay Regional Data Inc. (EBRD), founded in 1991, is one of the the San Francisco East Bay’s largest regional real estate subscriber-based Multiple Listing Services (MLS), providing approximately 3,000 brokers and agents with a centralized and online source for real estate data in Alameda and Contra Costa counties. Its shareholders are the Oakland Berkeley Association of REALTORS®, the Delta Association of REALTORS®, and the ALAMEDA Association of REALTORS®. Members receive support services including access to ongoing training, the latest in real estate technology tools, product research and new offerings. The organization is recognized by the California Association of REALTORS® and the National Association of REALTORS®.

Visit: http://www.ebrdmls.com, or call  (925) 363-2333