08/26/2024 | Press release | Distributed by Public on 08/26/2024 07:05
August 26, 2024 9:00 AM
Newmark announces it has hired a number of leading Valuation & Advisory (V&A) professionals to join its Multifamily specialty practice, focused on the Texas, California and Southeast markets. Senior Managing Director and Multifamily Specialty Practice Leader Bryan Beel, who recently joined the firm to provide national leadership, oversees the specialty practice's expansion in key markets.
"Welcoming these exceptional appraisers to our V&A Multifamily practice is a significant milestone and will be vital in expanding our operations in these regions," said Beel. "Their talent and expertise will help drive our continued success and provide remarkable value to our business. We look forward to enhancing client services through strategic growth of our capabilities."
These hires include:
Newmark's V&A Multifamily practice is a key partner for premier mortgage lenders and institutional property owners nationwide. The team's expertise across low-rise to high-rise, garden-style, student housing, condominiums and cooperatives product types aligns with stringent government and GSEs standards, pivotal to the financing, property tax services and financial reporting of multifamily units. Notably, the practice has ascended to become one of the principal appraisal providers for top multifamily financiers Fannie Mae and Freddie Mac.
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.