New York-based real estate brokerage company Compass Inc. announced this week it has negotiated a $444 million deal to acquire Christie’s International Real Estate.
The deal, slated to close early next year, would include Ansley Real Estate Christie’s International, one of Atlanta’s top luxury brokerages.
Bonneau Ansley founded Ansley Real Estate in 2015. He has grown the brokerage into one of the top sellers of luxury homes in Atlanta and in Georgia as well as the country.
He declined to comment on the Compass acquisition.
The story was first reported in the Atlanta Business Chronicle.
Recently, Ansley represented the Bunnen family in the sale of a 30-acre piece of property in Buckhead formerly owned by noted photographer and philanthropist Lucinda Bunnen. The property will be preserved as a park for the city of Atlanta.
Compass, a residential real estate brokerage founded in 2012, is a technology-driven real estate company specializing in providing tools and services for real estate agents to streamline the process of buying, selling and renting.
It has around 29,000 agents on its platform, who are typically independent contractors, according to its website. In 2023, Compass had a 4.5% share of the total U.S. real estate market by transactions, according to the company.
The acquisition by Compass includes @properties, a Chicago-based real estate brokerage and technology firm that acquired Ansley Real Estate in 2019.
@properties went global in 2021 with the acquisition of Christie’s International Real Estate in 2021. Ansley Real Estate joined the the Christie’s International Real Estate network in 2022.
Compass said in a Dec. 2 news release the acquisition of Christie’s International Real Estate and @properties is a move “to accelerate domestic and international growth opportunities.”
“This partnership will allow us to empower strong independent brokerages and broker-owner entrepreneurs around the world who are affiliates under Christie’s International Real Estate,” said Robert Reffkin, Compass founder and CEO in the news release.
“Our companies share the same passion for empowering entrepreneurial agents. Together, we will be able to provide unparalleled resources and support to help everyone succeed and deliver exceptional client experiences,” he said.
Christie’s International Real Estate has global reach with a network of more than 100 independently owned domestic and international affiliates across 50 countries and territories.
@properties is the 8th largest residential brokerage in the United States by sales volume, with operations in Greater Chicago, Indiana, Michigan, Wisconsin and Metro Atlanta, through the Ansley Real Estate Brand, according to the news release.
“Compass shares our commitment to enhance the real estate industry through technology, marketing and exceptional service and to embrace the local, independent broker through the Christie’s International Real Estate and @properties brands,” said Thad Wong, @properties co-CEO in the release.
The Compass market report outlining the acquisition below: