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

A Louisiana-based real estate brokerage company, Latter & Blum, has recently been acquired by Compass Real Estate, the largest independent real estate brokerage in the United States. 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. Compass, operating in 72 markets across 28 states, sees the acquisition as a strategic move to expand their presence along the Gulf Coast, as Latter & Blum was the top company in that region, generating $3.6 billion in sales last year.

Details of the deal were not made public but the two companies are planning to operate as a co-brand initially, with Latter & Blum eventually transitioning 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, growing by 21% if all agents from Latter & Blum remain with the company.

McCarthy expressed enthusiasm about the partnership, stating 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, positioning Compass as a dominant player with a strong presence in the Gulf Coast region.

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