NEW YORK, Dec. 21,
2022 /PRNewswire/ -- Newmark is pleased to announce
the formalization of the company's Single Family Rental (SFR)
group, focusing on investment sales, programmatic joint-venture
equity placement and debt and structured finance. The SFR
group—led by Vice Chairmen Chad
Lavender and Ryan
Maconachy—will be part of Newmark's Multifamily Capital
Markets group. Directors Leland
Manning and Josh
Francis will also spearhead the firm's efforts in the
SFR space. The group will execute assignments in conjunction with
Newmark's Multifamily Capital Markets group, led by Chief Strategy
Officer and President and Head of Multifamily Capital Markets
Jeff Day.
"With Newmark's significant presence in the multifamily and
alternative real estate sectors, and a growing institutional
interest in the SFR space, formalizing this practice was a logical
next step as we continue to enhance our full-service capital
markets offerings to our clients," Lavender commented.
Nationally, Newmark ranked #1 in alternative real estate asset
transactions and ranked second in transaction volume of multifamily
properties year-to-date in 2022.i
The SFR sector has gained significant momentum over the past
several years, and institutions have allocated over $100 billion to the asset type. "With increased
rental housing demand, renters are seeking more space and the
privacy of a detached home without the demands of a mortgage,
especially considering interest rate increases. This, in
combination with the rise in SFR-earmarked capital, underscores the
expectation that SFR supply will increase in coming years,"
remarked Manning.
"Since joining Newmark in 2019, our group has participated in
transactions totaling more than $15
billion. We have partnered with institutional groups to
build their alternative asset platforms through three primary areas
of expertise: joint-venture equity, investment sales and debt and
structured finance," concluded Maconachy. "Additionally, Newmark's
Multifamily investment sales and debt business have together
generated over $87 billion in
transactions since 2021. We understand the alternative asset and
multifamily landscapes and what it takes to assist clients in
expanding their portfolios within the SFR space."
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. Newmark generated revenues of approximately
$3.1 billion for the twelve months
ending September 30, 2022. Newmark's
company-owned offices, together with its business partners, operate
from approximately 180 offices with nearly 6,700 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 effects of the COVID-19 pandemic on
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.
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iIn terms
of dollar volume, according to an analysis of Real Capital
Analytics data
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SOURCE Newmark Group, Inc.