• Thu. Apr 18th, 2024

Compass Real Estate Acquires Latter & Blum: A Game-Changer in the Gulf Coast Real Estate Market

BySamantha Jones

Apr 3, 2024
Latter & Blum, a Louisiana real estate firm, completes sale transaction

Compass Real Estate, the largest independent real estate brokerage in the United States, has recently acquired Louisiana-based real estate brokerage company, Latter & Blum. Latter & Blum, headquartered in New Orleans with offices across Louisiana, was confirmed to have been sold by Lori McCarthy, managing broker for its Acadiana offices. The acquisition would significantly increase Compass’ agent count and position them as a dominant player with a strong presence in the Gulf Coast region.

Latter & Blum boasts 3,100 agents working in 32 offices across four states. Established in 1916, the company generates $3.6 billion in sales annually and is known for its community, culture, and professionalism values. McCarthy expressed enthusiasm about the partnership and shared that she is excited to join a company known for its excellence and shares Latter & Blum’s core values.

Compass operates in 72 markets across 28 states and sees the acquisition as a strategic move to expand their presence along the Gulf Coast. As part of the deal, both companies plan to operate as a co-brand initially before transitioning to the Compass name later on. If all agents from Latter & Blum remain with the company after the acquisition is finalized, Compass will see an increase of nearly 21% in its agent count from last year’s nearly 15,000 agents.

The acquisition signifies a significant move for both companies in the real estate market as it positions Compass as a dominant player with a strong presence in the Gulf Coast region. This partnership marks an exciting opportunity for both companies to continue to grow and succeed together while providing exceptional service to their clients along the Gulf Coast.

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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