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- Anywhere Real Estate
Anywhere Real Estate Acquisition & Valuation
Anywhere Real Estate was acquired by Compass for $10B in September 2025, a 1.8x multiple on $5.7B of revenue.
Anywhere Real Estate revenue at acquisition
$5.7B
Last twelve months · Sep 2025
Anywhere Real Estate revenue multiple at acquisition
1.8x
EV/Revenue · Sep 2025
Anywhere Real Estate Overview
About Anywhere Real Estate
Anywhere Real Estate is a franchisor of residential real estate brands together with title, escrow, and relocation services businesses. The company licenses well-known real estate brands to independent brokerages and agents worldwide and generates over $1 billion in annual revenue. Formerly known as Realogy, it also provides settlement, title, and workforce-relocation services that support home transactions from listing through closing.
HQ
Website
Status
Acquired
Customer focus
B2B & B2C
Revenue model
Services
Revenue
$5.7B (Sep 2025)
Valuation
$10B (acquired Sep 2025)
Sectors
Anywhere Real Estate Acquisition
Anywhere Real Estate was acquired by Compass for $10B on 22 September 2025.
The acquisition price implies a 1.8x revenue multiple on $5.7B of revenue.
Compass, Inc., a leading tech-enabled real estate services company founded in 2012 and based in New York City, provides an end-to-end platform including cloud-based software for customer relationship management, marketing, client service, and brokerage services to its residential real estate agents, making it the largest U.S. residential brokerage by sales volume. Anywhere Real Estate Inc., a franchisor with leading brands, title and escrow, and relocation operations generating over $1 billion in revenue, operates globally with complementary businesses. On September 22, 2025, Compass and Anywhere signed a definitive merger agreement for an all-stock transaction valuing the combined company at approximately $10 billion enterprise value, including debt assumption, pairing Compass' technology investments and innovative marketing with Anywhere's brands and global reach to create a premier real estate platform serving 1.2 million transactions annually and diversifying Compass' revenue streams. The merger received unanimous board approval, with Robert Reffkin and TPG Angelo Gordon entering voting agreements; Compass secured a $750 million financing commitment from Morgan Stanley Senior Funding, planning deleveraging to 1.5x net leverage by 2028. Shareholder approvals came overwhelmingly on January 7, 2026—99% of Compass votes for stock issuance and 72.4% of Anywhere shares—with HSR Act clearance prior, leading to closure on January 9, 2026, making Anywhere a wholly-owned Compass subsidiary while preserving its brand independence. Post-close, Compass CEO Robert Reffkin leads the entity; Anywhere CEO Ryan Schneider and CTO Rudy Wolfs departed, amid reports of agent concerns with 70% considering leaving and half open to it if the deal proceeded. The combined platform spans 120 countries with 340,000 professionals, enhancing agent services amid competitive brokerage dynamics; Compass added 800 principal agents in Q4 2025 and improved guidance, boosting shares—Anywhere to $17.40 (up 20%) and Compass to $12.15 (up 12%) post-vote.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 22 Sep 2025 | Strategic M&A | $10B | 1.8x |
Acquisitions by Anywhere Real Estate
Anywhere Real Estate has acquired 1 company to date.
Last acquisition by Anywhere Real Estate was on July 15th 2014. Anywhere Real Estate acquired ZipRealty for $166M.
Latest Acquisitions by Anywhere Real Estate
| Description | ZipRealty is a real estate brokerage leveraging proprietary search tools, mobile apps, and agent networks for home buying and selling. Platforms integrate MLS data with virtual tours and market analytics. San Francisco-headquartered, it operates in 30 US markets serving buyers, sellers, and investors through salaried agents and commission rebates. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 15 Jul 2014 |
| Valuation | $166M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Anywhere Real Estate acquisitions and their M&A valuation multiples. Start Free Trial | |
Anywhere Real Estate Competitors
Anywhere Real Estate competitors include listed companies like Plaza, CoStar Group, PSP Swiss Property and Swiss Prime Site, and private ones like CloudKitchens and Ziroom.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $684M | $608M | $9.1B | 14.2x | ||
| Publicly listed | $3.2B | $183M | $12B | 3.3x | ||
| Publicly listed | $434M | $390M | $8.3B | 28.5x | ||
| Publicly listed | $672M | $499M | $12B | 32.2x | ||
| Private | $1.1B | - | $15B | 13.6x | ||
| Private | - | - | $6.6B | - |
Anywhere Real Estate Public Comps
Anywhere Real Estate is no longer listed, but its public comps include Plaza, PSP Swiss Property, CoStar Group, Compass, Swiss Prime Site, Deutsche Wohnen, FIBRA Prologis, Zillow, Melisron and Balder.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $684M | $608M | 15.3x | 14.2x | 17.2x | 17.6x | |||
| $434M | $390M | 28.4x | 28.5x | 31.7x | 31.8x | |||
| $3.2B | $183M | 3.6x | 3.3x | 64.6x | 16.8x | |||
| $7B | $55M | 1.6x | - | 209.3x | - | |||
| $672M | $499M | 29.4x | 32.2x | 39.6x | 32.8x | |||
| $1.4B | $913M | 11.5x | 11.1x | 17.4x | 20.4x | |||
| $648M | $114M | 14.8x | 13.2x | 84.7x | 17.8x | |||
| $2.6B | $315M | 2.6x | 2.3x | 21.2x | 9.4x | |||
This data is available for Pro users. Sign up to see all Anywhere Real Estate competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Anywhere Real Estate
| Where is Anywhere Real Estate headquartered? | Anywhere Real Estate is headquartered in United States. |
| Is Anywhere Real Estate publicly listed? | No, Anywhere Real Estate was acquired by Compass in September 2025. |
| Who acquired Anywhere Real Estate? | Anywhere Real Estate was acquired by Compass in September 2025. |
| How much was Anywhere Real Estate acquired for? | Anywhere Real Estate was acquired for $10B in September 2025, a 1.8x revenue multiple. |
| Which companies are comparable to Anywhere Real Estate? | Companies comparable to Anywhere Real Estate include Plaza, CoStar Group, PSP Swiss Property, Swiss Prime Site, CloudKitchens and Ziroom. |
| How many companies has Anywhere Real Estate acquired? | Anywhere Real Estate has acquired 1 company, including ZipRealty. |
| What was the largest acquisition by Anywhere Real Estate? | The $166M acquisition of ZipRealty in July 2014 is the largest acquisition Anywhere Real Estate has made to date. |
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