C
ompass Expands Global Reach with Acquisition of @properties and Christie's International Real Estate

    The acquisition, valued at $444 million, is expected to be finalized in 2025. Despite the deal, @properties CEO Thad Wong assures that daily operations will remain unchanged.

    @properties, the eighth-largest residential brokerage in the US by sales volume, operates in Illinois, Indiana, Michigan, Wisconsin, and through Ansley Real Estate, the Atlanta metro. The company also includes Proper Title, Proper Rate, Suburban Jungle, and Christie's International Real Estate, which was acquired in 2021.

    Christie's International Real Estate has over 100 independently owned affiliates across 50 countries and territories. Wong confirms that both brands will endure as separate entities, with no plans to consolidate offices or switch agents to Compass' technology platform.

    Wong emphasizes the goal of growing these businesses, potentially through tech enhancements in the future. Agents and staff have largely returned to normal operations following the announcement, which has been met with an "overwhelmingly positive" response from the community.

    @properties will maintain its unique identity, culture, and spirit, according to Wong. Compass Founder and CEO Robert Reffkin shares a similar sentiment, stating that the partnership will empower independent brokerages worldwide under Christie's International Real Estate.