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-0.00103145951521401 -0.0015471892728211 -0.00309437854564202 -0.00361010830324911 0.00876740587931932 0.00773594636410532 0.0103145951521402 0.0113460546673542
Stock impact report

Compass acquires luxury brokerage in DC amid market drama [Yahoo! Finance]

Compass, Inc. Class A (COMP) 
Company Research Source: Yahoo! Finance
Compass is continuing a series of acquisitions with another homegrown firm, this time in the nation's capital. The company announced a deal for Washington, D.C.-based brokerage Washington Fine Properties. The 150-agent luxury brand was the fourth-ranked brokerage in the D.C. area in 2023, according to RealTrends. It did $2.2 billion in sales volume and had an average sale price of $1.6 million. Washington Fine Properties will continue to maintain its branding and operate under its current management team under the deal, terms for which were not disclosed. The acquisition continues Compass' push to build market share in its highest-priority markets, in which the company has a stated goal of hitting 30 percent market share by 2030. Last year, the firm struck a $444 million dollar deal for @properties, the top brokerage in Chicago, and Christie's International Real Estate. It also added top firms in Tennessee and the Gulf Coast region. The move for Washington Fine Properties s Show less Read more
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