Log In   ·   Become A Member

Technology-Driven Real Estate Platform To Open Hamptons Office

Nicole Barylski

Ed Petrie and Ed Reale will join Compass at the company's new Hamptons location. (Courtesy Photos)

Compass, a technology-driven real estate platform, is preparing to enter the Hamptons real estate scene and two local leaders in the field, Ed Reale and Ed Petrie, will join the company's first Hamptons office.

"Attracting and partnering with exceptional talent is the first step toward a successful launch in any new market, and that holds especially true in the Hamptons where competition is fierce. In welcoming Ed Petrie and Ed Reale we are getting two of the biggest forces in the industry whose creative vision and best-in-class client service is unrivaled," said Robert Reffkin, Founder and CEO of Compass. "Backed by their experience and deep institutional knowledge, we are well-positioned to make an immediate impact in the booming Hamptons market."

Petrie is a lifelong resident of East Hampton whose resume includes more than 30 years of experience in luxury real estate. "I am excited to be at the forefront of Compass's expansion into the Hamptons market," noted Petrie. "It is a privilege to join a talented team whose aspiration is to become the premier brokerage across the world's luxury markets while providing unprecedented levels of support to agents' careers." Petrie, who is often included in the Wall Street Journal's list of top 200 agents nationwide, has over $230 million in current listings and is consistently considered one of the top 10 brokers on the East End.

Reale, who will join Compass as senior managing director of the Hamptons region, managed Brown Harris Stevens offices in Southampton, Sag Harbor and Westhampton. "With the confluence of exceptional agents and superlative data technology, Compass is going to raise the industry standard here in the Hamptons," explained Reale. "I look forward to working with the in-house engineers, brokers, and leadership in building a truly different brokerage experience." Reale has over 25 years of real estate experience, as both a brokerage manager and attorney.

The Hamptons venture comes only weeks after Compass's latest $50 million funding round, which was headed by Institutional Venture Partners, and has investments in prominent technology companies including Dropbox, Kayak, Snapchat and Twitter. The funding, which brings total capital raised to $125 million, also features new investments from existing investors such as 406 Ventures, Advance Publications, Inc., Founders Fund, Thrive Capital, Kenneth Chenault, CEO of American Express and Marc Benioff, Founder and CEO of Salesforce.com.

Compass was founded in Manhattan in 2013, and quickly began opening offices in other markets including Brooklyn, Washington D.C., Miami and Boston. Compass's Hamptons office is located in Bridgehampton.

Nicole is the Editor-in-Chief of Hamptons.com where she focuses on lifestyle, nightlife, and mixology. She grew up in the Hamptons and currently resides in Water Mill. www.hamptons.com NicoleBarylski NicoleBarylski

Related Articles:

Be the first to comment on this article. (Just fill out the form below)

Submit Your Comment

Please note, you are not currently logged in. Your comment will be submitted as a guest.
To submit your comment as a member, please click here.
Your Name:
* Comments will be reviewed and posted in a timely fashion
* All fields are required
Please type the word 'water'
(For spam prevention, thanks)
East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!

Bridgehampton National Bank
For over 100 years Bridgehampton National Bank has been the East End's hometown bank. Many success stories...one bank, BNB!

Advertise on Hamptons.com - Have your business be seen by over 2 million viewers including NEW searches
Hamptons.com- Our exclusive online magazine has 2.6 million Page Views YTD for 2015. Contact us to join our elite group of clients that benefit from having a presence on the Hamptons award winning publication www.Hamptons.com

Hamptons Carpet One Floor & Home
We pay less,and so do you.With over 1,000 stores in our buying group, we can get the lowest prices from the best flooring manufacturers — and pass the savings on to you.Visit our other locations: Hamptons Carpet One Floor & Home, 675 North Sea Road,Southampton, NY 11968

Hampton Coffee Company is dedicated to making sure you have the best possible experience with our brand, whether you visit one of our cafés, our Mobile Unit, one of our wholesale partners, order through our website, or purchase our coffee on the supermark
We strongly believe that one of the most important parts of being a successful business in the community is truly becoming a part of it. Hampton Coffee Company is proud to support more than 100 different local charities, schools, and organizations each and every year. It is our pleasure to participate in events that are important to our staff and our customers.

RJD Gallery specializes in contemporary art with a focus on Magical, Figurative Realism, Narrative Portraiture and Urban Landscape.
We exhibit representational artists from around the world, who produce fine art of exceptional quality that challenge collectors to contemplate concepts about the artist, themselves, and our human experience. Utilizing timeless techniques in creating their drawings, paintings and sculptures, our artists have developed unique, signature styles that present a current vision of our world.