Mike Leipart | Managing Partner, The Agency Development Group
Serving as Managing Partner of The Agency Development Group (TADG), Mike Leipart guides developers of luxury properties worldwide through every stage of the development process, providing everything from pre-construction design input to sales operation oversight. He played an instrumental role in The Agency becoming the only West Coast-based organization to combine the knowledge and experience of a residential real estate brokerage with the expertise of a dedicated development marketing and strategic sales planning team.
Under Mike’s direction, The Agency sold out more than 200 residences for a total of $375 million at The Ritz-Carlton Residences at L.A. LIVE. The average price per square foot traded at a 99% premium over comparable condominium real estate in the local market. The highly targeted marketing and sales strategy attracted foreign, national, and local buyers and led the revival of the luxury residential condominium market in Downtown Los Angeles.
Mike also directed sales and marketing strategy for The Carlyle Residences, built by renowned New York-based developer, Elad Group. Within three months of taking over, The Agency increased absorption from an average of ½ sales per month to 5 sales per month while achieving higher pricing premiums on every new transaction, averaging 10-18% increases on comparable sales.
During his time at The Agency, Mike has collaborated with some of the world’s most prominent developers, including Starwood, AEG, and JMA Ventures. In addition to managing TADG, Mike oversees all aspects of The Agency’s in-house creative marketing division, The Agency Creates, and is an integral part of the team approach The Agency brings to each listing it represents. He holds extensive experience in coordinating strategic partnerships with top construction, advertising, public relations, and interior design firms in the business.
Prior to joining The Agency, Mike served as Senior Vice President, National Marketing Director at ST Residential where he created the national brand strategy for ST and launched nearly 50 multi-family properties, a $5 billion national portfolio.