Newmark Group Inc.

11/05/2024 | Press release | Distributed by Public on 11/05/2024 10:14

Newmark Continues Expansion of its Debt Capital Markets Business With Strategic Hire Clint Frease

November 5, 2024 10:00 AM

Newmark announces industry expert Clint Frease has joined the firm as Vice Chairman. In his role, Frease will be responsible for leading Newmark's debt capital markets efforts across Texas and the Central Region, as well as providing national debt advisory for the Data Center Capital Markets team. Frease will focus on debt placement, structured finance and loan sales, further expanding Newmark's leading debt advisory services across data centers, industrial, retail, hospitality, multifamily and office.

Based in Dallas, Frease will report to Newmark's Co-Presidents of Global Debt & Structured Finance Jordan Roeschlaub and Jonathan Firestone and will work closely with U.S. senior capital markets executives. He will also collaborate closely with Brent Mayo, who leads Newmark's Data Center & Digital Infrastructure Capital Markets practice. His addition bolsters Newmark's debt capital markets presence in Texas, where he will work with Senior Managing Directors Chris McColpin and Andrew Porteous and Director Josh Francis. The strategic hiring follows the expansion of Newmark's industrial, office and retail capital markets practices in Texas over the past year.

"The opportunity to hire industry experts with such impressive track records is a testament to our growth trajectory and the talent we've amassed in our Capital Markets business," said Chad Lavender, President of Capital Markets for North America. "Our commitment to providing comprehensive, differentiated and strategic guidance to our clients remains at the forefront of our strategy, and bringing on Clint further enhances the depth of our capabilities."

Roeschlaub added, "As Newmark's debt business continues to augment the industry's best-in-class team, the addition of an industry leader like Frease enhances our ability to meet the evolving demands and opportunity set in the market. While we of course prioritize hiring the best athletes, we also focus on cultural compatibility and alignment. Frease was the top draft pick on all fronts."

An esteemed leader in real estate debt and structured finance, Frease brings two decades of in-depth knowledge and experience covering the placement, origination and structuring of commercial mortgage-backed securities, balance sheet loans, mezzanine and preferred equity financings, construction loans, bridge loans and structured financings. He has executed more than $75 billion of commercial real estate financing, loan sales and structured transactions on behalf of institutional and private clients across the U.S. Before joining Newmark, Frease served as Managing Director at Eastdil Secured in the Dallas and Washington D.C. offices. Prior, he was at Wells Fargo Bank in the Real Estate Capital Markets group, where he originated CMBS loans. He was also a member of the Special Situations Group, focusing on managing a highly distressed commercial real estate loan portfolio.

"I am excited to join Newmark and work with Jordan, Jonathan and the wider team to build on the success and momentum of the global debt platform," said Frease. "The opportunity to join some of the industry's most respected professionals, some of whom I have worked with previously, creates enhanced opportunities for our clients, leveraging our collective expertise to meet their needs."

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the year ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark's company-owned offices, together with its business partners, operate from approximately 170 offices with 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.