How big are Compass and Anywhere in the Big Apple?
Compass’ quest for dominance is no industry secret, but it pulled off a shocking reveal. The nation’s largest brokerage by sales volume announced on Monday that it would merge with the industry’s No. 2 heavy hitter, Anywhere Real Estate. The acquisition, set to close next year, values Anywhere at $1.6 billion and would put Compass CEO Robert Reffkin at the helm of the titanic brokerage with his firm holding on to 78 percent of the ownership. Together, the agent count of the two firms would total around 340,000, and the companies, once combined, estimated their enterprise value at a whopping […]
This article originally appeared on The Real Deal. Click here to read the full story.
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