Industry Leaders Behind $40B in Development Sales Launch Redeavor, Combining Development Sales, Advisory, and Capital Investment Under One Roof

Visionary Urban and Resort New Development Sales Leaders with Decades of Experience from The Agency Development Group, ST Residential, Douglas Elliman Development Marketing, Compass Development Marketing Group, and The Mark Company Join Forces to Create a First-of-its-Kind New Development Real Estate Company Amid Shifting Market Dynamics

LOS ANGELES and NEW YORK, Feb. 26, 2025 /PRNewswire/ -- Urban and resort new development marketing and sales leaders Mike Leipart, Andrew Wachtfogel, and Wade Hundley, along with seasoned real estate brokerage operator Shane Farkas, have launched Redeavor, a groundbreaking real estate firm specializing in development sales, advisory services, and capital investment.

Backed by a team responsible for over $40 billion in new development sales volume and 14,000 residences sold, Redeavor debuts with $4 billion in current global real estate represented and offices in New York, Los Angeles, Dallas, Las Vegas, and Nashville. Breaking away from the traditional brokerage model, Redeavor offers a more strategic, developer- and investor-focused approach designed to maximize success at every stage of a project.

Leipart, who founded The Agency Development Group and transformed the development sales industry, is joined by Farkas, who spent over 13 years as The Agency's COO and CTO; Wachtfogel, previously Co-Founder and President of New Development at Official, as well as an executive and new development specialist at Douglas Elliman and Corcoran Sunshine; and Hundley, former CEO of ST Residential and current CEO of Formida Capital, will serve as Senior Managing Partner and head Redeavor's capital division.

Also joining Redeavor at launch are Violet Tudas (Managing Partner), Maranda Blanton (Managing Director), Katherine Demakos (Vice-President of Marketing), Kirstin Corsetti (Sr. Project Manager), and Jenna Marks (Project Manager). This core team brings decades of collective experience from The Agency Development Group and extensive backgrounds at Douglas Elliman Development Marketing, Compass Development Marketing Group, and The Mark Company. Together, they have played an instrumental role in the planning, marketing, and sellout of some of the most high-profile and successful launches and repositionings across major urban markets and resort destinations throughout the U.S., Mexico, and the Caribbean.

"We've assembled an all-star team—a true who's who of new development marketing—with expertise that spans all market cycles and the successful sellout of new developments, repositioned developments, rental-to-condo and office-to-condo conversions," said Leipart, Co-Founder and Managing Principal of Redeavor. "Our team's deep understanding of the development process—honed through decades of experience leading some of the world's most influential projects—guides our developer partners through every phase, ensuring unmatched expertise and strategic execution. By bringing this talent together under Redeavor, we are creating a new model for success in the development space—delivering exceptional results for developers and investors across all asset classes and market types."

"Redeavor is a strategic departure from traditional new development sales firms," said Leipart. "The brokerage-led model for development sales and marketing was created in a different era. Today's market demands a more sophisticated approach—one that combines deep sales and marketing expertise with strategic advisory services and access to capital."

Redeavor's Three Core Divisions:

• Development Sales — A full-service sales and marketing division with unparalleled residential and branded real estate expertise. Redeavor partners with developers to shape projects from the ground up, reposition stalled developments, and execute successful rental-to-condo and office-to-residential conversions. From market positioning and pricing strategy to sales execution, Redeavor's team ensures projects are strategically planned and expertly brought to market for maximum absorption and value creation. Redeavor creates dedicated on-site sales teams for each client, leveraging its coast-to-coast network of top-producing agents at leading brokerage firms to deliver unmatched expertise, premium pricing, and accelerated sellouts or lease-ups.

"Our superstar team of experts leverages decades of experience—navigating various financial markets and real estate cycles—to provide unmatched planning and sales strategy to developers and investors worldwide," said Leipart.

• Advisory Services — The only turnkey solution for lenders and developers, Redeavor's Advisory division specializes in repositioning, relaunching, and optimizing developments. From pre-development planning to restructuring stalled projects, Redeavor provides institutional-grade insights, data-driven strategy, and hands-on execution to drive absorption and enhance value.

"What sets Redeavor apart is our ability to look at development opportunities through multiple lenses," said Andrew Wachtfogel, Co-Founder and Managing Principal. "We're not just sales partners—we're bringing institutional-grade advisory services and capital solutions to the table. Given current market conditions, this integrated approach is particularly crucial, as many developments require creative solutions to optimize value."

• Capital — Led by Wade Hundley, Our Capital Investment division provides customized financial solutions for multi-family, luxury residential, hotel-branded, and urban development projects. With a focus on funding new developments, repositioning stalled assets, and executing complex conversions, Redeavor partners with developers and investors to source capital, structure financing, and invest in high-potential opportunities—ensuring projects have the financial foundation to succeed in any market cycle.

"Redeavor's Capital division was built to give developers and investors direct access to strategic funding solutions designed for today's market realities," said Hundley, Senior Managing Partner. "From fueling new construction to repositioning assets like office-to-residential conversions, we provide the financial resources and expertise needed to bring projects to completion and maximize long-term value."

With the current market landscape demanding innovative solutions, Redeavor's depth of expertise, strong financial acumen, and long-standing industry relationships position it as the leading strategic partner for developers and investors worldwide.

The firm's current portfolio includes development projects across major urban markets and resort destinations, focusing on luxury residential, branded developments, and strategic repositionings.

For more information about Redeavor, visit RedeavorGroup.com.

About Redeavor

Redeavor is a multidisciplinary real estate firm formed by a team of visionary urban and resort development leaders to meet the evolving needs of today's real estate market. Backed by $40 billion in development sales expertise, Redeavor is a departure from the standard brokerage model, innovating a developer- and investor-first approach as the only firm offering sales, advisory, and capital solutions—all under one roof. Rather than serving any one brokerage, Redeavor serves its partners to deliver unparalleled results while leveraging its network of dedicated real estate professionals worldwide. With offices in New York, Los Angeles, Dallas, Las Vegas, and Nashville, Redeavor specializes in new developments, repositionings, and conversions, helping partners maximize value and accelerate success across all markets.

Media Contact
Brian Cooley
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SOURCE Redeavor