Compass is set for a major expansion in 2025 by acquiring Christie's International Real Estate and @properties, enhancing its global reach and supporting independent brokerages.
The acquisition marks a significant step for Compass as they seek to empower independent brokerages worldwide, with Christie's network spanning 100 affiliates in 50 countries.
According to the SEC filing, Compass will purchase the companies for $150 million in cash plus approximately 44.13 million shares of Compass' Class A stock, adjusting based on market pricing.
@properties, a top U.S. brokerage, recorded $22.61 billion in sales in 2023, making it the No. 8 firm in the country by sales volume, enhancing Compass's market position.
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