NEW ORLEANS — Real estate company Latter & Blum has been acquired by Compass, a New York City-based real estate brokerage. The financial details of the deal have not been disclosed, but a Latter & Blum spokesperson confirmed that Compass has acquired all of the New Orleans-based company’s residential and commercial operations in Louisiana, Texas and Mississippi.
Latter & Blum reports that its roughly 3,100 agents closed $3.6 billion in transaction volume in 2023.
“At Latter & Blum, we take pride in creating life-changing opportunities and meaningful careers for agents,” said Latter & Blum CEO Lacey Merrick Conway in an April 3 press release. “This partnership enhances our commitment, providing our agents and the local community access to an expansive referral network and cutting-edge tools driving the industry forward while maintaining our local culture and expertise.”
Conway said the deal was a strategic decision that will empower its agents to win more business.
“We’re not going anywhere, and will continue leading laterally through this next chapter,” she said in a video posted to Youtube on April 2.
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