April 14, 2024 3:22 pm
Latter & Blum, a Louisiana real estate firm, completes sale transaction

Compass Real Estate, a leading independent real estate brokerage in the United States, has recently acquired Louisiana-based Latter & Blum. Latter & Blum, headquartered in New Orleans with offices across the state, was confirmed to have been sold by Lori McCarthy, managing broker for its Acadiana offices. The acquisition is seen as a strategic move by Compass to expand its presence along the Gulf Coast, as Latter & Blum was the top company in that region last year.

The two companies are planning to operate as a co-brand initially, with Latter & Blum eventually transitioning to the Compass name. With nearly 15,000 agents late last year and growing by 21% if all agents from Latter & Blum remain with the company, this acquisition would significantly increase Compass’ agent count.

McCarthy expressed excitement about the partnership and stated that she is thrilled 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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