Compass Buys San Francisco Real Estate Firm Alain Pinel, Report Says

New York-based real estate startup Compass Inc. has bought Bay Area real estate company Alain Pinel Realtors, according to a Monday report by real estate industry news site Inman.com. The financial terms of the deal were not published.

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This is a third acquisition made as part of Compass’ West Coast expansion strategy this year. In July, Compass bought San Francisco-based brokerage firm Paragon Real Estate Group. In August, it acquired Pacific Union International Inc., a San Francisco-based luxury real estate company. At the time of the acquisition, Pacific Union was ranked the fifth-largest brokerage firm in the U.S., having reported sales volume of $14 billion in 2017.

Last week, real estate news site the Real Deal reported that Compass had acquired Washington, D.C.-based brokerage customer relationship management (CRM) company Contactually Inc.

Founded in 2012 by Robert Reffkin and Israeli entrepreneur Ori Allon, Compass has raised a total of $1.2 billion to date.