Newmark in 2011, and since the acquisition Newmark has embarked on a rapid expansion throughout the United States across all critical business lines in the real estate services and product
sectors. We believe our growth has been due to our managements vision and direction along with our proven track record of attracting high-producing talent through accretive acquisitions and profitable hiring.
Our growth to date has been focused in North America. We have more than 5,250 employees (which term includes both employees and those real estate brokers who
qualify as statutory
non-employees
under Section 3508 of the Internal Revenue Code of 1986, as amended (the Code)), including over 1,725 revenue-generating producers in over 134 offices in 108
cities. In addition, Newmark has licensed its name to 16 commercial real estate providers that operate out of 31 offices in certain locations, where Newmark does not have its own offices. Since 2011, we have completed over 40 complementary and
accretive acquisitions, meaningfully expanding our product and services capabilities and geographic reach. We intend to continue to aggressively and opportunistically expand into markets, including outside of North America, and products where we
believe we can profitably execute our full service and integrated business model.
Bolstered by BGCs September 8, 2017 acquisition of Berkeley
Point Financial LLC (a leading commercial real estate finance company focused on the origination, sale and servicing of multifamily loans through government-sponsored and government-funded loan programs, which we refer to as Berkeley
Point), which was subsequently transferred to us as part of the Separation and Distribution Agreement entered into by BGC, BGC Holdings, L.P., BGC Partners, L.P., Newmark Group, Inc., Newmark Holdings, L.P. (Newmark Holdings),
Newmark Partners, L.P., and, solely for the provisions listed therein, Cantor Fitzgerald, L.P. (Cantor) and BGC Global Holdings, L.P., on December 13, 2017, (the Separation and Distribution Agreement) prior to the
closing of our initial public offering on December 19, 2017, we believe we are poised for continued growth and value creation. Favorable demographics, according to a recent study commissioned by the National Multifamily Housing Council (the
NMHC) and the National Apartment Association, are anticipated to drive growth in multifamily sales and GSE lending, with demand for new apartments expected to reach 4.6 new million apartments by 2030. The NMHC estimates that 325,000 new
units must be built annually through 2030 to meet new demand. We expect the combination of our multifamily investment sales and GSE lending business to create significant growth across our platform and serve as a powerful margin and earnings driver.
We generate revenues from commissions on leasing and capital markets transactions, consulting and technology user fees, property and facility management
fees, and mortgage origination and loan servicing fees. Our revenues are widely diversified across service lines, geographic regions and clients.
We are
an affiliate of Cantor, a diversified company primarily specializing in financial and real estate services for institutional customers operating in the global financial and commercial real estate markets.
Spin-Off
As
previously announced, on November 30, 2018, BGC completed its distribution of all of the shares of Class A and Class B common stock of Newmark held by BGC to stockholders of BGC as of the close of business on November 23, 2018
through a special
pro-rata
stock dividend pursuant to which shares of our Class A common stock held by BGC were distributed to holders of the Class A common stock of BGC and shares of our
Class B common stock held by BGC were distributed to holders of the Class B common stock of BGC (which holders of Class B common stock of BGC were Cantor and another entity controlled by our chairman, Howard W. Lutnick, and which
distribution we refer to as the
spin-off).
Following the
spin-off,
BGC no longer holds any shares of Newmark.
Executive Offices
Our executive offices are located at
125 Park Avenue, New York, New York 10017. Our telephone number is (212)
372-2000.
Our website is located at www.ngkf.com. The information contained on, or that may be obtained through, our website is not part
of, and is not incorporated into, this prospectus.