• Sun. Apr 14th, 2024

Compass Real Estate Expands with Acquisition of Latter & Blum, Boosting Agent Count and Strengthening Presence in Gulf Coast Region

BySamantha Nguyen

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. The deal was confirmed by Lori McCarthy, managing broker for Latter & Blum’s Acadiana offices. Latter & Blum, headquartered in New Orleans with offices across Louisiana, was the top company in the Gulf Coast region last year, generating $3.6 billion in sales.

The two companies are planning to operate as a co-brand initially, with Latter & Blum eventually transitioning to the Compass name. The acquisition would significantly increase Compass’ agent count, which stood at nearly 15,000 late last year. If all agents from Latter & Blum remain with the company, this growth rate would be an impressive 21%.

Later this month, McCarthy will join Compass as their regional vice president of operations for the Gulf Coast region. She expressed her excitement about joining a company known for its excellence and shared 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 Nguyen

As a content writer at newsskio.com, I weave words to craft compelling narratives that captivate readers and bring stories to life. With a keen eye for detail and a passion for storytelling, I strive to create engaging and informative content that resonates with our audience. Whether I'm delving into the latest news trends or exploring unique angles on various topics, my goal is to deliver quality content that informs, entertains, and inspires. Join me on this journey as we uncover the news stories that matter most.

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