• Tue. Apr 23rd, 2024

Compass Real Estate Expands Presence Along Gulf Coast with Acquisition of Latter & Blum

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 Latter & Blum, a Louisiana-based real estate brokerage company. 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 was seen as a strategic move by Compass to expand their presence along the Gulf Coast.

The deal details were not made public but both companies are planning to operate as a co-brand initially. Eventually, Latter & Blum will transition to the Compass name. Established in 1916, Latter & Blum boasts 3,100 agents working in 32 offices across four states. The acquisition would significantly increase Compass’ agent count, which stood at nearly 15,000 late last year and is expected to grow by 21% if all agents from Latter & Blum remain with the company.

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 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 newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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