Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Howard Hanna | Rand Realty Expands into Fairfield County, CT Market
NANUET—Howard Hanna | Rand Realty announced on Feb. 1 its expansion into the Fairfield County, CT market with the recent acquisition of the Madison and Post Real Estate Agency. The transaction will expand the footprint of Howard Hanna | Rand Realty with three new locations in Ridgefield, Stamford and Westport, CT.
“Fairfield County is one of the most popular areas surrounding New York City. This expansion is a milestone for our company and aligns with our vision of connecting the entire tri-state area. We have a great relationship with Nick Germak and his team at Madison and Post and we are looking forward to working together to create tremendous growth across the state of Connecticut,” said Matt Rand, Chief Executive Officer of Howard Hanna | Rand Realty.
The Connecticut offices add a network of 60 new luxury real estate sales associates, which will now operate under the Howard Hanna | Rand Realty brand and the leadership of Germak, broker of record and founder of the Madison and Post Agency, established in 2017. Germak and his team bring more than 26 years of experience in the Connecticut real estate market, specializing in high-end homes and upscale markets.
Germak has previously served as regional vice president of Weichert, Realtors and as executive vice president of Coldwell Banker Residential Brokerage. The Madison and Post Real Estate Agency had operated under the Weichert, Realtors flag.
No financial terms of the transaction were disclosed.
“The decision to become part of the Howard Hanna | Rand Realty was a no-brainer. I am impressed with the growth and leadership of the Howard Hanna | Rand Realty brand, its business model, commitment to the community, and, most importantly, its people,” Germak said. “I look forward to providing our clients with local expertise and providing our agents with the best technology and tools to build and support their careers through this new partnership.”
With the acquisition, the entire Hanna Family of Companies has operations in 13 states across the nation.
“We look forward to what 2022 has to bring for our entire organization,” said Howard W. “Hoby” Hanna, IV, President of Howard Hanna Real Estate Services. “This acquisition has set the stage for future partnerships as we gear up for another successful year.”
Howard Hanna Rand Realty, an entity of Howard Hanna Real Estate Services, has more than 1,000 residential real estate sales associates serving the New York, New Jersey and Connecticut suburbs of New York City. Its 27 offices serve Bergen County, Passaic County, Hudson County, Morris County, and Essex County in New Jersey and Westchester County, Rockland County, Orange County, Dutchess County, Ulster County, and the Bronx in New York. Rand also owns and operates Rand Commercial, a commercial real estate brokerage, and Hudson United Home Services, which provides residential mortgage lending, title services, and personal and commercial insurance.
Howard Hanna Real Estate Services is a full-service real estate company that has more than 400 real estate, mortgage, insurance, title, and escrow service offices across 11 states, including Allen Tate Realtors in the Carolinas and The F.C. Tucker Company in Indiana, with more than 13,000 sales associates and staff.