It was announced this week that Compass reached a deal to acquire @properties and Christie’s International Real Estate for $150 million, plus just over 44 million shares of its Class A common stock, according to a filing with the Securities and Exchange Commission. The deal also includes title and mortgage businesses—a total value of $444 million.

Chicago-based @properties is the 8th largest residential brokerage in the US by sales volume, and was acquired by Christie’s International Real Estate in 2021.

The deal is expected to close sometime next year.

“This isn’t just a deal—it’s a shift in the game,” says Q&U Team’s Eli Qarkaxhia. “Compass acquiring @properties and Christie’s International Real Estate means more leverage, more opportunities, and more value for agents and clients alike. The luxury market is about to get an upgrade, and we’re at the forefront of it. The question isn’t whether this changes the industry—it’s how fast you’re going to adapt to it.

This marks Compass’ third major acquisition this year, and in addition to being its largest, will also lead it to have a presence outside of the United States.