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 Latter & Blum, a well-established real estate brokerage company headquartered in New Orleans with offices across the state. The acquisition was confirmed by Lori McCarthy, managing broker for Latter & Blum’s Acadiana offices, who expressed her excitement about the partnership.

Latter & Blum generated $3.6 billion in sales last year and was the top company in the Gulf Coast region. Compass sees this acquisition as a strategic move to expand their presence along the Gulf Coast and position themselves as a dominant player in the real estate market. As part of the deal, Latter & Blum will initially operate as a co-brand with Compass before eventually transitioning to the Compass name.

The acquisition would significantly increase Compass’ agent count, which stood at nearly 15,000 late last year, growing by 21% if all agents from Latter & Blum remain with the company. This move signifies a significant investment in both companies’ future growth and success in the real estate market.

Established in 1916, Latter & Blum boasts over 3,100 agents working in 32 offices across four states. McCarthy expressed her enthusiasm about joining a company known for its excellence and shares Latter & Blum’s core values of community, culture, and professionalism. This acquisition is a significant move for both companies and positions them as leaders in the real estate market along the Gulf Coast.

Details of the deal were not made public but it is clear that this acquisition signifies an exciting new chapter for both companies as they continue to grow and succeed in their respective fields.

By Sophia Gonzalez

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