Newmark Hires Valuation & Advisory Multifamily Professionals, Expanding Specialty Practice

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:

• Executive Vice President Victor Thomas in Houston, Texas, and his team, including First Vice President Scott Bates and Valuation Associates Kyle Thomas and Ashlee Kilcullen. Bringing over 20 years specializing in multifamily valuations across Texas and Oklahoma, Thomas has conducted more than 4,000 valuations and personal tours of 3,000 properties. His unparalleled experience has earned him the trust of an extensive and varied clientele, including commercial banks and investors, particularly in high-profile multifamily transactions exceeding $100 million. Prior to joining Newmark, Thomas was President at Multifamily Appraisal Specialists (MAS).
• Executive Vice President Jeff Taylor, bringing over 30 years of valuation and consulting experience. Based in Irvine, California, Taylor specializes in the appraisal of both existing and proposed multifamily properties, including Fannie Mae and Freddie Mac assignments, market feasibility studies, tax appeal, estate valuation and expert witness litigation support.
• Senior Vice President Jeff Groff in Irvine, California. Groff brings extensive experience in completing multifamily assignments that include, but are not limited to, market-rate apartments, low-income housing (HAP, LIHTC, Tax Abatements, etc.), senior/age-restricted housing, student housing, mixed-use assets, multifamily land and manufactured housing.
• Senior Vice President Tim Warner in Atlanta, Georgia. With over 27 years of real estate appraisal and consulting experience throughout the southeastern U.S., Warner specializes in the valuation of multifamily properties throughout the southeast region, including garden-style, mid- and high-rise, market-rate, LIHTC, condominiums, student housing, senior apartments, mixed-use projects, multifamily land and portfolio valuations.
• Chrissy Keith, MAI, as Senior Vice President. With over 18 years of experience, her responsibilities will include providing valuation services to a diverse range of clients, including commercial banks, developers, corporations, individual property owners, public agencies, insurance companies and legal firms.

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.

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