The Real Deal New York

Compass is growing its footprint in Colorado

The brokerage is launching in Denver and Boulder
By Meenal Vamburkar | January 12, 2019 02:00PM

Robert Reffkin (Credit: Getty Images, iStock)

Compass is continuing its national expansion with two more locations. This time, in Denver and Boulder.

The brokerage is launching in the Colorado markets with a team of agents who have sold more than $400 million worth of property in the past year, Compass said in a statement. The move adds to Compass’ existing footprint in Colorado, which includes Aspen and Telluride.

The firm will be opening flagship offices in the two markets in the coming months, according to the statement. It has an initial group of a dozen agents across both cities — and is continuing to hire marketers, designers and administrators.

“Colorado is consistently named one of fastest growing states in the country, netting more than 70,000 new residents per year over the past 5 years,” Chief Growth Officer Rob Lehman said in a statement. “Given the strong market growth and activity, there is an enormous opportunity to elevate the real estate experience for agents across the state.”

Compass’ announcement comes after the brokerage broadened its reach across more cities last year. The company launched in a handful of new markets, including Dallas, Seattle, Atlanta, Nashville and Houston.

The brokerage has upwards of 8,000 agents across more than 80 cities nationwide. Compass’ last fundraising round put it at a $4.4 billion valuation. Following the round, the company said it will expand internationally this year.