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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 acquisition is a strategic move for Compass to expand its presence along the Gulf Coast. Established in 1916, Latter & Blum boasts 3,100 agents working in 32 offices across four states. With this acquisition, Compass’ agent count would significantly increase, growing by 21% if all agents from Latter & Blum remain with the company.

McCarthy expressed excitement about the partnership and shared that she is looking forward to joining 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.

Later details of the deal were not made public but it is clear that this acquisition will bring great benefits to both companies and their clients.

By Samantha Jones

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