Compassgrowing footprint has now officially expanded to Nashville, the real estate brokerage confirmed Wednesday. The New York City-based company first revealed it was eyeing the Music City for expansion when it announced its recent $400 million funding round.

“Nashville is a market we’re particularly excited about,” Compass Chief Growth Officer Rob Lehman said in a release. “It’s one of the 10 fastest growing cities in the country, and we want to support that growth with a platform that empowers the local real estate agent community.

Compass pulled a total of 16 agents from Synergy Real Estate Group, Village Real Estate, Zeitlin Sotheby’s International Realty, PARKS Realty and Chateau Properties ahead of the launch. Joining the brokerage are: Michelle Maldonado, Franklin and Lana Pargh, Greg Cooley, Robert Drimmer, Jessi Sgarlata and the Southbound Group, Sara Michaels Evers and Moving Music City Team, David Koellein, Chris Koch, and Angela Wright.

While homebuyers can browse listings in Nashville online today, Compass also plans to open a flagship office in the heart of the city in the coming months. The company has hired eight full-time local employees and aims to bring on additional expert marketers, designers and administrators to support the agents.

The company has grown exponentially this year, launching in more than a dozen new markets. It has seen its agent count grow to more than 7,000 agents across 165 offices in more than 80 cities nationwide. It next plans to expand internationally, although the company has been mum on where exactly it is targeting.

Much of that expansion has been fueled by venture capital funding. Compass has raised $1.2 billion to date and is now valued at $4.4 billion. Much of the remaining capital has gone towards developing an end-to-end real estate platform that incorporates Compass’ existing agent platform, which includes a customer relationship management tool and marketing center. Compass also developed a high-tech “smart” real estate sign.

Compass’ biggest competition in the market comes from Keller Williams Realty, which closed more than 14,000 transactions sides in 2018; Benchmark Realty LLC, which closed more than 7,000 transaction sides; PARKS Realty, which closed more than 6,000 transaction sides and Reliant Realty ERA Powered, which closed more than 4,000 transaction sides in 2018.

Zeitlin Sotheby’s International Realty closed more than 1,000 transactions in 2018 and Both RE/MAX and Keller Williams also have local franchises that closed more than 1,000 transactions in 2018.

Update: Story updated to include additional brokerages based in Franklin, Tennesee, which is just south of Nashville and will also be competing for market share. 

Email Patrick Kearns

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription