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
What color is the sky?
(For spam prevention, thanks)
East End Tick Control
The East End's only New York State licensed dedicated tick and mosquito control specialists!

Southampton Masonry-Visiting the Southampton or the Wainscott locations is an exciting experience.
Southampton Masonry has been serving Long Island's masonry and tile needs since 1975. Delivering quality products from Manhattan to Montauk for over three decades. The company's continued success is due primarily to their number one priority: customer satisfaction, with a promise of prompt and courteous service from the professional, knowledgeable staff. Southampton Masonry has the largest inventory on the east end. As direct importers they can offer a large variety of the finest quality products at the most competitive pricing for both your interior and exterior projects.

Southrifty Drug 54 Jagger Lane, Southampton Village
Southrifty Drug is a small, neighborhood pharmacy with limited shelf space, and we have to be very selective about which over-the-counter items we carry. As a result you'll find a no nonsense concentration of very effective, high quality and useful products on our shelves. In this new section, we feature a number of these products that we feel are especially worthy of your consideration.

Burner Law Group, P.C.
Burner Law Group, P.C. are full service elder law attorneys concentrating in the areas of Estate Planning, Trust and Estate Administration and Litigation, Special Needs Planning, Guardianship and Elder Law. Offices in East Setauket‚ NY, Westhampton Beach, NY, and New York, NY.

New York Title Abstract Services, Inc.
We are a title insurance services company dedicated to promptly delivering fully compliant and accurate reports, and title insurance, for residential and commercial real estate throughout New York State. Headquartered in the Hamptons, our professional team has extensive real estate experience and understands the business from all sides including title insurance, legal, sales, governmental, banking, and lending regulations.

Aimee Fitzpatrick Martin, Licensed Associate Real Estate Broker
Considered a West of the Shinnecock Canal expert with a 5-star Zillow ranking, Aimee specializes in the luxury and waterfront markets in Quogue, Westhampton Beach, Remsenburg, East Quogue and Hampton Bays. With exceptional communication skills and a buttoned-up approach to every deal, she is highly skilled in the art of the negotiation process. Understanding the nuances of buying and selling waterfront homes, especially on Dune Road, is a specialty.