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 its 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 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. This 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 and shared her excitement about 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.

By Riley Johnson

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