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Arval |
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Ar´val
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| First Fleet is a subsidiary of PHH FirstFleet, which combines the truck expertise and capabilities of PHH Arval to support the trucking and transportation industry. These acquisitions include the recent $42 million purchase of a newly constructed corporate headquarters office building in Baltimore County, MD, leased exclusively to PHH Arval, and the $134 million purchase of eight Sacramento-area Class A office properties encompassing approximately 700,000 square feet, a transaction heralded as the Sacramento area's largest single purchase of office real estate to date. Its subsidiary, PHH Mortgage, is one of the top ten retail originators of residential mortgages in the United States,1 and its subsidiary, PHH Arval, is the second-largest fleet management services provider in the United States and Canada combined. |
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