Arthur E. Bartlett, Date of Birth, Place of Birth, Date of Death

    

Arthur E. Bartlett

American businessman

Date of Birth: 26-Nov-1933

Place of Birth: New York, United States

Date of Death: 31-Dec-2009

Profession: businessperson

Zodiac Sign: Sagittarius


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About Arthur E. Bartlett

  • Arthur E.
  • "Art" Bartlett (November 26, 1933 – December 31, 2009) was an American entrepreneur and founder of the Century 21 Real Estate franchise.
  • He and a partner founded the company in 1971 with a single office, which had expanded to 7,700 offices worldwide by the time of his death, though he had sold the business to Trans World Corporation in 1979 for $89 million. Bartlett was born in Glens Falls, New York, and moved with his family to Long Beach, California in the 1940s.
  • He attended Long Beach City College, but did not graduate.
  • After a series of other jobs, he took up real estate in the early 1960s, accepting a position with a residential real estate firm in the San Fernando Valley.
  • He would own his own real estate company, and met his future partner, Marshall Fisher, at a chance meeting at a diner.Together with Fisher, he founded Century 21 with a single office in Santa Ana, California in 1971.
  • The business sought to provide independent real estate agencies with the combined advertising, training and brand recognition of the parent franchiser — including its distinctive gold-colored jackets — helping them compete with national and regional chains.
  • By 1977, Century 21 had 6,000 brokers and the firm's share of commissions and other licensing fees the following year reached $23 million.
  • Trans World Corporation bought the company in 1979 for $28.50 per share in cash and convertible preferred stock, in a deal that valued the company at $89 million.
  • By the time of Bartlett's death, the company had 120,000 agents and 7,700 offices worldwide.Another real estate-related franchise — a home improvement chain called Mr.
  • Build International — was established in the early 1980s, but was closed down by the end of the decade.Bartlett died at age 76 as a result of complications of Alzheimer's disease while at his home in Coronado, California.
  • He was survived by his second wife, Nancy Sanders, as well as by a daughter, a stepson, a granddaughter and three stepgrandchildren.
  • His first marriage, to the former Collette Cupiss, ended with her death in 2002.

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