Compass Launches in Aspen with Acquisition of Shane Aspen Real Estate

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One of Aspen’s largest luxury brokerages to operate as Compass effective immediately.

Compass, a technology-driven luxury real estate company led by veterans of Goldman Sachs, Bain Capital, and Twitter, announces the launch of its new Aspen brokerage with the acquisition of the assets of Shane Aspen Real Estate. Steven Shane, the #2 top-producing agent in Colorado according to Real Trends and The Wall Street Journal, will serve as the Managing Director of Compass Aspen. Compass Aspen will launch with 15 agents and support staff who collectively bring more than 200 years of industry experience to the Company and will help to build the preeminent real estate services company in the region.

“Compass is the only brokerage I’ve encountered where the leadership is comprised of top minds from business, finance, marketing, and technology. From the computer engineers who develop best-in-class agent technology to the in-house PR and marketing functions with experts hailing from Nasdaq, Pixar and Google, Compass elevates the entire real estate experience through its national and global reach,” said Shane. “I’ve been approached by numerous other national firms looking to expand into Aspen, but none of them made sense until Compass.”

Compass will now operate out of both Shane Aspen Real Estate office locations — 117 S. Monarch Street in downtown Aspen and the Willits Town Center in Basalt.

In 2015, Shane Aspen Real Estate transacted over $202 million in sales with the average price hovering around $6 million. Launched in 1994, Shane Aspen Real Estate grew into one of the most highly respected boutique brokerages in Aspen, representing both buyers and sellers throughout the Roaring Fork Valley.

“We are excited to launch Compass in Aspen, and honored to build upon the exceptional foundation of Shane Aspen Real Estate. By merging Compass’s unmatched agent support with Shane’s vast local expertise, we will bring our agents and clients a seamless and more intelligent real estate experience in Aspen — one of the most sought after luxury markets in the world,” added Robert Reffkin, co-founder & CEO of Compass.

Compass’s expansion to Aspen comes after the Company’s latest $60 million funding round announced in September 2015, led by Institutional Venture Partners, which has investments in leading technology companies including Dropbox, Kayak, Snapchat and Twitter. The funding round, which brought total capital raised to $135 million, also included new investments from existing key investors including Thrive Capital, Founders Fund, 406 Ventures, Advance Publications, Inc. (the parent company of Condé Nast), Kenneth Chenault, the CEO of American Express, and Marc Benioff, the chairman and CEO of Salesforce.com.

Compass was launched in 2013 by Reffkin, a former Chief of Staff to Goldman Sachs’ President & COO, and business partner Ori Allon, who sold two previous companies to Google and Twitter, respectively. The Company began its national expansion last year, opening offices in Washington, D.C., Miami, Boston, the Hamptons, and Los Angeles.

Compass is a luxury real estate platform with best-in-class technology dedicated to creating a seamless and intelligent home buying, selling, and renting experience. Combining the country’s top agents, proprietary market insights, and integrated mobile and web technologies, Compass is developing the future of real estate decision-making. Compass has locations in New York City, Washington DC, Boston, Cambridge, Miami, Southern California, Aspen, and the Hamptons, and has raised $135 million in investor capital. For more information on Compass, and to view more than $4 billion in exclusive Compass properties, visit http://www.compass.com

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Ashley Murphy
COMPASS
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