M
ike Leipart, a veteran of luxury new development sales at The Agency, has launched his own real estate firm, Redeavor. This strategic move allows him to break away from the traditional brokerage-led model and achieve autonomy in the industry.

    Redeavor specializes in multifamily development sales, value-add deals, advisory services, and capital investment. Backed by a team responsible for over $40 billion in sales volume and 14,000 residences sold, the company is poised for success. Leipart's team still works with The Agency but is working to establish its own identity.

    Redeavor has soft launched last year but recently debuted publicly. Alongside Leipart, Andrew Wachtfogel, Wade Hundley, and Shane Farkas serve as cofounders. The firm currently represents $4 billion in global real estate and has offices in New York, Los Angeles, Las Vegas, and Nashville.

    Redeavor plans to focus on value-add deals, including the takeover of distressed assets such as condo buildings and luxury multifamily properties. These can include office-to-apartment conversions, finishing stalled projects, or completing renovations. The firm will reposition and sell these properties without operating them itself.

    Leipart emphasized that Redeavor is opportunistic and open to expanding its geographical footprint across the US. He highlighted cities like Denver and Austin as particularly appealing markets. In addition to development sales and marketing, Redeavor will offer advisory services and originate private equity and debt for multifamily, luxury residential, hotel-branded, and urban development projects.

    Leipart's primary focus is on increasing Redeavor's headcount and expanding its team. He believes that adding the right people will drive business growth without needing extensive marketing efforts.