Nick Segal: Partners Trust's President on Trusting Your Instincts
Partners Trust is a powerhouse brokerage in the Los Angeles and Southern California market, closing $1.14 billion in transactions in 2012 alone. Headed by several of the real estate world's brightest stars, this formidable brokerage is helmed with honesty and integrity by Nick Segal.
Nick Segal grew up in New York, attending George School, then Vassar College before coming to Los Angeles in the 80s. Originally, Segal's aim was to become a professional actor, following in the steps of his uncle, successful actor, George Segal.
Nick's father, Fred, was also a screenwriter which may have partly inspired his dramatic pursuits. "I grew up in that world.” Finding little success in these endeavors, Nick used his strengths with people to dive into the world of real estate.
"I got tired of waiting for the phone to ring," Nick says of his departure from the world of acting, but uses that knowledge in his real estate pursuits. "I have a host of entertainment clients. I know the rhythm."
Having worked with such brokerages as Sotheby's International Realty and DBL Realtors, Segal decided to start Partners Trust Real Estate Brokerage and Acquisitions with his colleagues in 2009. At a time when the economy was making a snail's pace recovery from a rock-bottom recession, caused much by the housing market, Nick's initial thought was "this is crazy.” But Segal, along with the founding partners at Partners Trust, knew their market and had an unwavering drive to succeed.
It certainly wasn't easy, but with offices in Santa Monica, Brentwood, Beverly Hills, Pasadena, and Rancho Mirage along with 100 agents and average home sale prices at $1.65 million, I get the feeling that people should trust Segal's instincts.
He says his goals are to "stay the course. No matter what comes at you, if you really believe in it, trust your belly."
Segal and Partners have embraced the social media and technology era, stating the company has put $500,000 into an online and social media campaign, empowering each associate.
Segal sees a bright future for Partners Trust and the real estate market in general. And things seem to be going well. Nick is active in the blogging world and in his spare time (which seems limited) he enjoys painting. Something he also gets from his parents.
Of Partners Trust, Nick is not shy about his company's trajectory, "We are ripping the cover off the ball.”