{"id":3089,"date":"2022-05-04T10:54:54","date_gmt":"2022-05-04T10:54:54","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2022\/05\/04\/the-agency-swoops-into-new-york-buys-triplemint\/"},"modified":"2025-03-13T02:41:58","modified_gmt":"2025-03-13T02:41:58","slug":"the-agency-swoops-into-new-york-buys-triplemint","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2022\/05\/04\/the-agency-swoops-into-new-york-buys-triplemint\/","title":{"rendered":"The Agency swoops into New York, buys brokerage Triplemint"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/preprod.realtrends.com\/blog\/wp-content\/uploads\/sites\/9\/2025\/03\/HW-House-Money-1.png\" alt=\"HW+ House Money\" class=\"wp-image-324867\"\/><\/figure>\n\n\n\n<p>The courtship is over. <strong>The Agency<\/strong>, a Beverly Hills-based brokerage that has been around since 2011, announced Tuesday that it has bought <strong>Triplemint<\/strong>, a Manhattan shop started in 2013 by Yale college classmates David Walker and Phillip Lang.<\/p>\n\n\n\n<p>Rainy Hake Austin, president of The Agency, declined in an interview to say how much her firm, a private company, paid for Triplemint.<\/p>\n\n\n\n<p>But it was an all-equity transaction, The Agency said in announcing the deal. The brokerage also touted Tuesday that it raised \u201c$35 million in growth capital from strategic investors\u201d and plans to open a \u201cNYC East Coast Headquarters later this year.\u201d<\/p>\n\n\n\n<div class=\"wp-block-housingwire-piano-member\"><div id=\"membership-content\">\n<p>The Agency\u2019s acquisition of Triplemint has been scuttlebutt in luxury brokerage circles for several months. In December, The Real Deal interviewed Agency CEO Mauricio Umansky, <a href=\"https:\/\/webcache.googleusercontent.com\/search?q=cache:qacD_muThi4J:https:\/\/therealdeal.com\/2021\/12\/13\/lunch-an-office-tour-inside-the-agency-triplemint-connection-driving-ma-rumors\/+&amp;cd=1&amp;hl=en&amp;ct=clnk&amp;gl=us&amp;client=safari\">who ad<\/a><a href=\"https:\/\/webcache.googleusercontent.com\/search?q=cache:qacD_muThi4J:https:\/\/therealdeal.com\/2021\/12\/13\/lunch-an-office-tour-inside-the-agency-triplemint-connection-driving-ma-rumors\/+&amp;cd=1&amp;hl=en&amp;ct=clnk&amp;gl=us&amp;client=safari\" target=\"_blank\" rel=\"noreferrer noopener\">mitt<\/a><a href=\"https:\/\/webcache.googleusercontent.com\/search?q=cache:qacD_muThi4J:https:\/\/therealdeal.com\/2021\/12\/13\/lunch-an-office-tour-inside-the-agency-triplemint-connection-driving-ma-rumors\/+&amp;cd=1&amp;hl=en&amp;ct=clnk&amp;gl=us&amp;client=safari\">ed he spent a day<\/a> office-space shopping in New York with Triplemint brass.<\/p>\n\n\n\n<p>As part of the acquisition, Triplemint will rebrand as The Agency. Walker will become The Agency\u2019s Chief Strategic Officer and Lang its Chief Business Officer. Triplemint, <a href=\"https:\/\/webcache.googleusercontent.com\/search?q=cache:qacD_muThi4J:https:\/\/therealdeal.com\/2021\/12\/13\/lunch-an-office-tour-inside-the-agency-triplemint-connection-driving-ma-rumors\/+&amp;cd=1&amp;hl=en&amp;ct=clnk&amp;gl=us&amp;client=safari\">which has <\/a><a href=\"https:\/\/webcache.googleusercontent.com\/search?q=cache:qacD_muThi4J:https:\/\/therealdeal.com\/2021\/12\/13\/lunch-an-office-tour-inside-the-agency-triplemint-connection-driving-ma-rumors\/+&amp;cd=1&amp;hl=en&amp;ct=clnk&amp;gl=us&amp;client=safari\" target=\"_blank\" rel=\"noreferrer noopener\">bille<\/a><a href=\"https:\/\/webcache.googleusercontent.com\/search?q=cache:qacD_muThi4J:https:\/\/therealdeal.com\/2021\/12\/13\/lunch-an-office-tour-inside-the-agency-triplemint-connection-driving-ma-rumors\/+&amp;cd=1&amp;hl=en&amp;ct=clnk&amp;gl=us&amp;client=safari\">d itself<\/a> as being adept at using predictive analytics to steer customers to the right home, is expected to help The Agency augment lead generation for its agents.<\/p>\n\n\n\n<p>In an interview Tuesday, Walker said that Triplemint\u2019s staff \u201cof over 75 software engineers, data scientists, marketers and strategists\u201d would not face any layoffs. In fact, Walker asserted that the company is looking to aggressively recruit more software engineers \u2014 as well as expand the ranks of the 250 agents Triplemint is bringing over to The Agency.<\/p>\n\n\n\n<p>The move is the latest, and perhaps greatest, indication that The Agency is moving beyond being a west Los Angeles fixture, whose top performers are regulars on reality TV, to establishing a presence in wealthy enclaves across the country. In the past year alone, the brokerage <a href=\"https:\/\/preprod.realtrends.com\/blog\/the-agency-launches-new-franchise-in-brantford-ontario\/\">e<\/a><a href=\"https:\/\/preprod.realtrends.com\/blog\/the-agency-launches-new-franchise-in-brantford-ontario\/\" target=\"_blank\" rel=\"noreferrer noopener\">xpa<\/a><a href=\"https:\/\/preprod.realtrends.com\/blog\/the-agency-launches-new-franchise-in-brantford-ontario\/\">nded into several Canadian locations<\/a>, including Toronto and Montreal \u2014 in addition to U.S. locales such as Boston, Honolulu, Denver, Las Vegas and Naples, Florida.<\/p>\n\n\n\n<p>Hake Austin said Tuesday The Agency also is looking to expand further into Northern California, the Pacific Northwest and Texas. She described the brokerage, now ensconced in the complex dealings of New York City \u2014 where <a href=\"https:\/\/preprod.housingwire.com\/articles\/inside-costar-war-against-zillow\/\" target=\"_blank\" rel=\"noreferrer noopener\">ther<\/a><a href=\"https:\/\/preprod.housingwire.com\/articles\/inside-costar-war-against-zillow\/\">e\u2019s no centralized multiple listings service<\/a> \u2014 as pursuing a strategy \u201cto build out in California and New York\u201d and then \u201cfill into the middle\u201d with largely franchise affiliates.<\/p>\n\n\n\n<p>Making an initial public offering is \u201can option, but not really the only option\u201d for expansion, Hake Austin said.<\/p>\n\n\n\n<p>The Agency started as a Beverly Hills brokerage launched by Mauricio Umansky, who left <strong>Hilton &amp; Hyland<\/strong>, a business locally famous for never expanding its office footprint beyond Beverly Hills.<\/p>\n\n\n\n<p>Umansky, whose wife is reality TV star Kyle Richards, is a TV presence himself on <strong>Bravo\u2019s<\/strong> &#8220;Million Dollar Listing&#8221; \u2014 along with Agency agents James Harris and David Parnes. (Triplemint also increased its brand awareness after Triplement agent Tyler Whitman started appearing on &#8220;Million Dollar Listing&#8221; in 2019.)<\/p>\n\n\n\n<p>Umansky, Harris and Parnes also are part of the business leadership of <strong>PLS.com<\/strong>, a group that has filed a lawsuit against the <strong>National Association of Realtors<\/strong>, contending that it\u2019s so-called pocket listings ban, which requires homes to be placed on the Multiple Listings Service, is a violation of antitrust law. Last week a federal appeals court <a href=\"https:\/\/preprod.realtrends.com\/blog\/court-revives-challenge-to-pocket-listings-ban\/\" target=\"_blank\" rel=\"noreferrer noopener\">reve<\/a><a href=\"https:\/\/preprod.realtrends.com\/blog\/court-revives-challenge-to-pocket-listings-ban\/\">rsed a lower court&#8217;s dismissal of the case <\/a>and remanded it to the federal district court in Los Angels for review.<\/p>\n\n\n\n<p><a href=\"https:\/\/preprod.housingwire.com\/articles\/realtrends-500-the-agency-pacific-sothebys-in-top-spots-for-average-sales-price\/\" target=\"_blank\" rel=\"noreferrer noopener\">Acco<\/a><a href=\"https:\/\/preprod.housingwire.com\/articles\/realtrends-500-the-agency-pacific-sothebys-in-top-spots-for-average-sales-price\/\">rding to figures<\/a> reported to RealTrends, The Agency completed $9.3 billion in 2021 sales volume, and had 3,718 deal sides.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Beverly Hills brokerage The Agency has bought Triplemint, a Manhattan shop started in 2013<\/p>\n","protected":false},"author":16592,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[736],"class_list":["post-3089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - 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