YHD Realty, which made its mark as "the home of the 2% commission," attracted enough attention since its founding a few years ago to have gotten a $20 million cash infusion last year from Foxtons. With that investment, the firm changed its name to YHD Foxtons and continued to serve a market encompassing New Jersey, New York and Connecticut. With the merger, YHD will now be known as Foxtons North America.
"The new global brand will leverage the financial and strategic resources of both companies to expand our reach in the US, providing our customers with even greater professional service," according to Glenn Cohen founder and CEO of YHD. Cohen will continue to head Foxtons North America.
No further details of the merger have been released, and future North American expansion plans have not been announced.
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