Forty-9-12 months-outdated Nashville organization Parks Genuine Estate has merged with Compass. The organization has 15 offices throughout the state and shut $6.25 billion in gross sales in 2023.
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Tennessee’s top rated-performing true estate brokerage Parks True Estate has merged with Compass, according to a push release on Monday. Parks Actual Estate’s 1,565 agents closed 9,776 transactions well worth $6.25 billion in 2023.
Robert Reffkin
“Today, we have drastically added to our presence in the Southeast, welcoming the top rated brokerage in Tennessee,” Compass CEO and Founder Robert Reffkin mentioned in a prepared assertion. “With the ongoing migration of the U.S. population shifting to the South, and 16 percent of Compass transactions last 12 months becoming agent-to-agent referrals throughout markets, our expansion in the Southeast allows for much more connections and prospects for our brokers as our national network grows.”
Parks True Estate has been serving the Nashville metroplex because 1974, with 15 workplaces in Nashville, Brentwood, Franklin, Mt. Juliet, Murfreesboro, Shelbyville and Smyrna. The business has been regularly featured on quite a few Middle Tennessee company lists, together with The Tenneeseean’s Top rated Destinations to Perform.
Hunter Connelly
Parks Authentic Estate CEO Hunter Connelly said Compass aligns with Parks’ lifestyle, which values collaboration and fostering agents’ entrepreneurial spirit.
“We think that with Compass, we are positioned for sustained good results in an evolving field landscape,” he mentioned of the merger. “Combined, we have additional listings, extra collaboration with fantastic agents, and market-major tools to serve Tennessee finest while protecting our incredible culture and model loyalty.”
Parks Actual Estate is the most current chapter in Compass’ target on increasing its footprint in the southeast.
Compass obtained indie brokerage Latter & Blum in April. The company has been a mainstay in Louisiana and Mississippi actual estate for more than 100 several years, with 3,100 brokers across 36 places of work. The acquisition marked Compass’ entrance into both equally states and was a highlight of the company’s to start with-quarter earnings report.
“We continue on to seem for accretive M&A transactions and to appeal to new brokers organically as we productively position Compass for what we feel will be [a] important upside when the market begins to recuperate,” Reffkin claimed.
E mail Marian McPherson