• Wed. Apr 17th, 2024

Latter & Blum Acquired by Compass Real Estate: Expanding Presence in the Gulf Coast Region

BySamantha Jones

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

A major real estate brokerage company, Latter & Blum, has recently been acquired by Compass Real Estate, the largest independent real estate brokerage in the United States. The acquisition of Latter & Blum by Compass was confirmed by Lori McCarthy, managing broker for its Acadiana offices. The two companies are planning to operate as a co-brand initially before transitioning to the Compass name.

Latter & Blum, based in New Orleans with offices across Louisiana, was the top real estate company in the Gulf Coast region last year, generating $3.6 billion in sales. This acquisition is a strategic move for Compass, which operates in 72 markets across 28 states and sees an opportunity to expand its presence along the Gulf Coast.

The deal details were not made public but it’s clear that this acquisition will significantly increase Compass’ agent count. Late last year, Compass had nearly 15,000 agents and with all agents from Latter & Blum remaining with the company, their count would grow by 21%.

Lori McCarthy expressed her excitement about the partnership and shared that she is thrilled to join a company known for its excellence and shares Latter & Blum’s core values of community, culture and professionalism. This acquisition signifies a significant move for both companies in the real estate market and positions Compass as a dominant player with a strong presence in the Gulf Coast region.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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