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hicago-based real estate brokerage @properties Christie’s International Real Estate is being acquired by national giant Compass, marking a significant milestone after nearly 25 years of growth. The deal, valued at $444 million, will see Compass take control of @properties, Christie's International and its associated businesses including title, mortgage, and lead generation services.

    The acquisition is expected to close in the first quarter of 2025, with @properties' affiliate network and related brands operating as separate business units under the leadership of co-founders Thad Wong and Mike Golden. This move follows Compass' purchase of Christie's International in 2021, which expanded its global reach through a network of over 100 independently-owned brokerages.

    Compass CEO Robert Reffkin stated that both companies share a passion for empowering entrepreneurial agents, allowing them to provide unparalleled resources and support. The acquisition further solidifies Compass as the largest residential real estate brokerage in the U.S., with @properties ranking as the 8th largest by sales volume.

    The deal comes amidst significant changes in the residential real estate industry following the National Association of Realtors' $418 million antitrust settlement, which alters how homes are bought and sold. The trade association agreed to settle a lawsuit accusing it of fixing broker commissions at high rates and discouraging sellers from seeking better terms.