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Fresh off a year of major acquisitions, Compass this week announced that it has picked up luxury East Coast brokerage Washington Fine Properties.
In a statement, Compass described Washington Fine Properties (WFP) as “a prominent real estate brokerage with 150 agents specializing in luxury properties across Washington, D.C., Maryland, and Virginia.”
The company has done more than $43 billion in sales volume over the last 25 years and, also according to the statement, “has achieved both the highest average sales volume per agent and the highest average sales price annually in the capital region.”
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WFP President Thomas Anderson added in the statement that Compass “shares our passion for empowering clients at every stage of their homeownership journey and has been a powerful leader in driving positive change within our industry.”
Thomas Anderson
“We are confident that aligning with Compass unlocks clear benefits for WFP’s agents and their clients — offering them access to innovative programs, cutting-edge technology, and more inventory within our combined network,” Anderson continued.
Anderson, along with Principal Broker Dana Landry, Managing Partner William Moody, and Managing Partner Marc Schappell will all stay on after joining Compass. The companies did not disclose financial details of the acquisition.
The acquisition comes during boom times for Compass. In 2024, the brokerage made a series of major deals, including the acquisitions of Latter & Blum and @properties Christie’s International Real Estate. Compass CEO Robert Reffkin has also assumed an increasingly prominent role as an industry thought leader, frequently weighing in on issues such as Clear Cooperation and the National Association of Realtors.
Both the market and investors have responded positively to Compass’ recent moves. The company reported earlier this week that nearly every significant metric it tracks — revenue, agent count, losses, market share, etc. — improved during the fourth quarter of 2024. And on Wednesday, the company’s stock soared nearly 30 percent in response.
Reffkin struck a bullish tone during his company’s earnings call, suggesting that during 2025 Compass will continue pulling ahead of rival firms.
The WFP acquisition appears to be a part of that plan. Though the company’s agent count is small compared to Latter & Blum, it focuses on high-end properties and highly experienced agents — the kind of corporate DNA Reffkin praised in his earnings call.
The deal also bears out recent predictions from industry observers that 2025 is poised to be active for mergers and acquisitions.
Robert Reffkin
For its part, Compass indicated in its statement that the acquisition will be a boon for WFP, and will give the firm “additional resources to further amplify WFP’s strong brand reputation,” among other things.
Reffkin also expressed excitement about the deal.
“By joining forces with WFP,” he said in the statement, “the most reputable local luxury brokerage, we have the opportunity to enhance our combined luxury offerings, and through innovative programs like Compass’ 3-Phased Marketing Strategy, we can continue to create a company that better serves homeowners.”
