August 6, 2014
New Orleans, LA – LATTER & BLUM Inc. announced today that it has acquired Lake Charles-based ERA Moffett Realty Inc. Effective immediately, the merger increases the size of LATTER & BLUM’s residential operations to 29 offices with more than 1,400 Agents across the Gulf South region.
Today, LATTER & BLUM Inc. is a Top 40 Real Estate brokerage and home services company with sales of over $2.92 billion in 2013 and is also one of the fastest growing Louisiana-based private companies. It is the first independently-owned New Orleans-based residential brokerage to enter the Lake Charles market.
“Our expansion into Lafayette in 2013 and today’s entry into the Lake Charles market uniquely positions our company to benefit from the unprecedented growth in Southwest Louisiana,” stated Chairman & CEO Bob Merrick. “Both LATTER & BLUM and ERA Moffett Realty have a long tradition of serving the Real Estate needs of the energy sector. I’m very excited about what the future holds for our company and Agents.”
“Throughout the years, both LATTER & BLUM and Moffett Realty have shared similar values,” commented Rick Haase, President of LATTER & BLUM Inc. “Our shared vision of providing excellent customer service allows us to work together in effectively addressing the rapidly changing Real Estate needs in the Lake Charles market. Industry Experts project over $70 billion in industrial expansion with projections as high as 17,000 permanent and 30,000 construction jobs over the next few years in Louisiana. Population shifts and rising property valuations are going to generate significant opportunities for our Agents and Clients.”
“Looking into the future of the residential brokerage business, we believe that being part of a regionally dominant, well-respected brand will best position our people for success for the long term,” stated Judy Moffett, Manager of ERA Moffett Realty. “This alignment with LATTER & BLUM, allows us to capitalize on the growth in our market.”
LATTER & BLUM Inc., established in 1916, is the largest full-service real estate brokerage in the Gulf South and operates LATTER & BLUM Inc./REALTORS®, C.J. Brown REALTORS Inc., Van Eaton & Romero REALTORS, Noles Frye Realty (all four owned by Latter & Blum Inc.), while Latter & Blum Classic Homes & Properties, Latter & Blum Shaw Properties and Latter & Blum Hometown, operate under franchise agreements. All are networked nationally and globally as ERA Powered Companies. Additionally, LATTER & BLUM Inc. operates NAI Latter & Blum Commercial Real Estate, Latter & Blum Property Management, Latter & Blum Insurance Services, Platinum Title and Essential Mortgage Corporation.