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 acquisition price

$10B

Acquired by Compass · Sep 2025

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

United StatesUnited States

Status

Acquired

Customer focus

B2B & B2C

Revenue model

Services

Revenue

$5.7B (Sep 2025)

Valuation

$10B (acquired Sep 2025)

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.

Anywhere Real Estate acquisition details
AcquirerDateTypePriceEV/Revenue
22 Sep 2025Strategic M&A$10B1.8x

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

ZipRealty
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 CountryUnited States
HQ City
San Francisco, CA
Deal Date15 Jul 2014
Valuation$166M
EV/Revenue
EV/EBITDA

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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.

Public and private companies comparable to Anywhere Real Estate
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PlazaChileChilePublicly listed$684M$608M$9.1B14.2x
CoStar GroupUnited StatesUnited StatesPublicly listed$3.2B$183M$12B3.3x
PSP Swiss PropertySwitzerlandSwitzerlandPublicly listed$434M$390M$8.3B28.5x
Swiss Prime SiteSwitzerlandSwitzerlandPublicly listed$672M$499M$12B32.2x
CloudKitchensUnited StatesLos Angeles, CAPrivate$1.1B-$15B13.6x
ZiroomChinaBeijingPrivate--$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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Plaza$684M$608M15.3x14.2x17.2x17.6x
PSP Swiss Property$434M$390M28.4x28.5x31.7x31.8x
CoStar Group$3.2B$183M3.6x3.3x64.6x16.8x
Compass$7B$55M1.6x-209.3x-
Swiss Prime Site$672M$499M29.4x32.2x39.6x32.8x
Deutsche Wohnen$1.4B$913M11.5x11.1x17.4x20.4x
FIBRA Prologis$648M$114M14.8x13.2x84.7x17.8x
Zillow$2.6B$315M2.6x2.3x21.2x9.4x

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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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