The deal is valued at around $444 million, with $150 million in cash and $294 million in equity. If finalized, it would merge the nation’s No. 1 brokerage by sales volume with the No. 8 largest brokerage.
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Compass is acquiring Christie’s International Real Estate and @properties in a deal worth $444 million, as announced by the companies. This merger would bring together the leading brokerage by sales volume with the eighth largest brokerage in the nation.
The sale is subject to approval and is expected to close next year, with the two brands remaining separate for the foreseeable future, according to Compass representatives. The acquisition aims to empower independent brokerages and broker-owner entrepreneurs affiliated with Christie’s International Real Estate.
Compass CEO Robert Reffkin expressed enthusiasm for the partnership, emphasizing the shared commitment to supporting entrepreneurial agents and delivering exceptional client experiences. The deal includes $150 million in cash and $294 million in stock, with provisions to protect shareholders based on Compass stock performance post-closing.
@properties, known for its strong presence in Chicago and expanding luxury markets, was praised by Reffkin for its agent technology. The merger is expected to enhance the tech offerings for agents and focus on serving broker-owners.
Christie’s International Real Estate, with a global presence across 50 countries and territories, will add to Compass’s international growth plans. The existing leadership of @properties Christie’s International Real Estate, Thad Wong and Mike Golden, will continue to oversee operations under the Compass umbrella.
The deal also includes mortgage and title companies Proper Rate and Proper Title, as Compass looks to expand both domestically and internationally post-acquisition.
Compass, a publicly traded company since 2021, is positioning itself for continued growth and innovation with this strategic acquisition.