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 acquisition was confirmed by Lori McCarthy, managing broker for Latter & Blum’s Acadiana offices. Compass, which operates in 72 markets across 28 states, sees this strategic move as a way to expand its presence along the Gulf Coast.

Latter & Blum, headquartered in New Orleans with offices across Louisiana, was the top company in that region last year, generating $3.6 billion in sales. The deal details were not made public but both companies plan to operate as a co-brand initially, with Latter & Blum eventually transitioning to the Compass name. Established in 1916, Latter & Blum boasts over 3000 agents working in 32 offices across four states.

McCarthy expressed excitement about the partnership and shared that she is looking forward to joining a company that is 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 Samantha Johnson

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