Compass Buys Alain Pinel

Downturn, Lessons, Hemming Morse, San Francisco, Bay Area,

Compass’ Bay Area footprint doubles with the addition of top brokerage Alain Pinel Realtors

Compass has the largest sales volume of any brokerage in California

SAN FRANCISCO — March 4, 2019 — Compass, the real estate technology company, announced today that Alain Pinel Realtors, a leading real estate brokerage in California, will be joining the company.

Founded in 1990, Alain Pinel Realtors launched with a single agent. Alain Pinel Realtors now represents nearly 1,300 agents across 33 offices in the Bay Area. Since launching, Alain Pinel Realtors has been a pioneer in the industry and realized the value of putting real estate agents first. Alain Pinel Realtors has always been committed to innovation and early on used real estate software, personal computers, and email before most people knew such things existed. Alain Pinel Realtors recently acquired boutique brokerage Hill & Co, growing its luxury presence in the San Francisco Bay Area.

“Over the last 30 years, Alain Pinel Realtors have become leaders in the Bay Area, known for their luxury offering and strong culture,” said Robert Reffkin, Compass CEO. “The Hulme family has built a company with the same entrepreneurial, agent-centric values as Compass and I am excited to work together to build the future of the real estate industry.”

“When my family founded Alain Pinel Realtors in 1990, we were committed to transforming real estate and 30 years later, we continue to look for ways to innovate,” said Mike Hulme, President of Alain Pinel Realtors. “By partnering with Compass, we are able to further our vision and offer our agents the opportunity to build the future of real estate.”  

Measured by sales volume, Alain Pinel is a top 10 brokerage in the US, according to Real Trends. Compass launched in the Bay Area in 2016 and has grown to include over 3,000 agents across 97 office locations in the region. Since launch, Compass has expanded throughout the region and partnered with other leading brokerages including Paragon and Pacific Union. With Alain Pinel Realtors, Compass’ Bay Area footprint will grow stronger on the Peninsula. Compass is the largest independent brokerage in the country and the number one brokerage in California and with Alain Pinel Realtors will have over 4,500 agents across the state.  

Compass was founded in 2012 with the mission of helping everyone find their place in the world by creating the industry’s first end to end platform. In the past six years, Compass has grown to service more than 10,000 agents across 248 offices in 132 markets across the country. The company is valued at $4.4 billion and has raised $1.2 billion to-date.

To view Bay Area listings, find an agent and explore neighborhoods and market insights, visit https://www.compass.com/sf/.

About Compass

Compass is a real estate technology company with a powerful end-to-end platform that supports the entire buying and selling workflow. We deliver an incomparable experience to both agents and their clients all in service of the Compass mission: to help everyone find their place in the world. Founded in 2012 by Ori Allon and Robert Reffkin, Compass operates in cities across the United States including: New York, Los Angeles, Chicago, San Francisco, Seattle, Philadelphia, San Diego, Washington, D.C., Dallas, Austin, Houston, Nashville, Atlanta, Boston, Miami, Aspen, Orange County, Westchester, Santa Barbara, Montecito, Marin, Greenwich, Naples, Tahoe, Telluride and The Hamptons. Learn more and find your place at compass.com/careers and agents.compass.com.

About Alain Pinel

Alain Pinel Realtors (APR) is the largest privately owned residential real estate company in Northern California and is consistently ranked among the top ten largest residential real estate firms in the United States based on closed-sales volume. The firm has nearly 1,300 agents in more than 30 offices throughout Northern California. APR was founded in 1990 by CEO Paul L. Hulme, and is based in Saratoga, California. Visit us at apr.com, china.apr.com, facebook.com/AlainPinelRealtors, and @AlainPinel.

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