Tuesday, 19 April 2022 12:00 PM
Company Update
LOS ANGELES, CA and ALAMO, CA / ACCESSWIRE / April 19, 2022 / The Agency Development Group has announced the addition of a new operating division that will principally focus on marketing and selling single-family subdivisions, suburban infill communities, multi-million dollar clusters of upscale custom homes and smaller master-planned communities for privately owned and operated homebuilders. The new division will be led by Mike Leipart, Managing Partner of New Development, and Tom Reiser, Managing Director of New Home Sales and Bay Area new homes sales veteran.
Mike Leipart
In addition, The Agency Development Group's new home sales division will sell townhomes, condominiums and condo conversions for homebuilders and residential real estate developers. The new suburban home sales division complements the urban development and residential resort properties that are marketed and sold by The Agency Development Group, which is part of global real estate brokerage, The Agency. The Agency is recognized as one of the fastest growing boutique luxury real estate brokerages in the world. In 2021, the firm's global expansion reached new heights with a record-breaking launch of 11 new franchises in one year.
Tom Reiser and his team have been tasked with securing and opening accounts and operations throughout the Western States where migration has spurred substantial home building activity, beginning with the San Francisco Bay Area, Sacramento and California's Central Valley, Southern California, Reno, Las Vegas, Boise, Denver and Colorado Mountain Communities, Salt Lake and Utah Mountain Communities, Phoenix and eventually the rest of the U.S. where home building activity is the greatest.
Tom Reiser
"We will be working with and supporting builders that sell their homes from the $500,000s into the more custom, multi-million dollar homes on larger lots and in residential submarkets that can support that price point. Demand is across the spectrum for subdivisions, from starter homes to move-up homes to luxury, custom homes. We serve all types of homebuilders," said Tom Reiser.
The new operation for The Agency Development Group is a joint venture between Leipart's team and The Reiser Group, which Tom Reiser founded in 1999, and has successfully completed the sellout of more than 150 communities and 7,000 homes throughout California, valued in excess of $5 billion. New home subdivision sales managed by Reiser and his team will operate and be branded as The Agency.
"Launching a suburban home sales division is a natural extension of The Agency's core businesses and represents a huge opportunity for the company. Tom and his team are proven leaders in this niche of the industry and we complement their expertise with The Agency's brand and reputation, and have confidence that the private-sector homebuilding industry will see tremendous value in our offering," said Mike Leipart.
The Agency Development Group guides developers of luxury properties worldwide through every stage of the development process, providing everything from pre-construction design input to sales operation oversight. The Agency Development Group works with some of the world's most prominent developers, representing a vast portfolio of clientele in California, Arizona, Hawaii, Mexico, and beyond. Since its inception, the team has successfully launched or repositioned such preeminent properties as The Ritz-Carlton Residences at L.A. Live and One&Only Mandarina Private Homes-among the first One&Only-branded residences in the world.
About The Agency
The Agency is a full-service, luxury real estate brokerage and lifestyle company representing clients in a spectrum of classes, including residential, new development, resort real estate, residential leasing, and luxury vacation rentals. Since its inception in 2011, The Agency has modernized and advanced the real estate industry by fostering a culture of partnership in which all clients and listings are represented in a collaborative environment. Shunning the traditional brokerage model, agents share knowledge, spheres of influence, contacts, and expertise, ensuring clients better representation and a true competitive edge. The Agency has closed more than $41 billion in real estate transactions since its inception and has over 1,000 agents in more than 50 offices in the U.S., Canada, Mexico, the Caribbean and Europe.
Media Contacts:
Gary Marsh
Marsh Marketing
415.999.3793
[email protected]
Laura Corrigan
The Agency Public Relations
+1 (424) 354-1078
[email protected]
SOURCE: The Agency