NEW
YORK, March 8, 2023 /PRNewswire/ -- Newmark
Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading
full-service commercial real estate business, announces the
addition of institutional capital markets expert Jack Fraker as President and Global Head of
Industrial and Logistics. Throughout his 35-year career, Fraker has
been a consistent top national producer in industrial investment
sales, r0Fepresenting some of the country's largest corporations,
global investors, pension fund advisors and REITs. Not including
his participation in a larger team, Fraker has personally completed
industrial capital markets transactions totaling 1.5 billion square
feet and $85 billion in more than 60
U.S. cities, Mexico, Europe, Japan
and South America, as well as
approximately 12,000 acres of development site transactions.
"Newmark's Capital Markets advisory group, which has seen
dramatic growth, is a key component of our platform's acceleration,
nationally and globally," said Newmark's Chief Executive Officer
Barry Gosin. "We expect to continue
this momentum, striving to attract top industry talent across
verticals and aligning our advisors' capabilities to meet client
needs. Jack, a household name in the industrial investment sector,
will be an incredible value-add and help to drive forward Newmark's
client offerings."
The hiring of Fraker further emphasizes Newmark's commitment to
its Capital Markets business across verticals and the growth of its
global foothold through organic productivity growth, acquisitions
and hires. Newmark has a proven record of gaining market share in
capital markets. While U.S. investment sales volumes have increased
27% and U.S. debt originations have grown 42% between 2015 and
2022, Newmark has increased its respective volumes ten times faster
than the overall market, by 273% and 426% over the same
period.2Fi
"Newmark is known in the industry for having a deep bench of
talent and prioritizing client needs through an entrepreneurial
culture and the strength of its Capital Markets practice. The
palpable spirit of collaboration and vision among Newmark
professionals led to my decision to join the firm," said Fraker. "I
look forward to forging a path to even greater success alongside
the company's best-in-class industrial and capital markets
advisors."
Fraker's career is decorated with some of the industry's most
revered accolades, including SIOR's Largest Transaction Award –
Industrial & Investment for one of the largest SIOR
transactions ever reported in 2017, the Lifetime Achievement Award
from Dallas Business Journal in 2014, and early in his
career, the prestigious Stemmons Service Award, a top honor from
North Texas Commercial Association of Realtors, among many others.
Fraker serves on the Cristo Rey Dallas College Prep school Board of
Directors.
Before joining Newmark, Dallas-based Fraker worked at CBRE for nearly
two decades—most recently as Vice Chairman, Managing
Director and head of Global Industrial and Logistics. Fraker
also previously served as an Executive Vice President in Cushman
& Wakefield's Capital Markets practice and held a position on
the board of directors.
"Jack has built an outstanding global reputation as an
influential industrial market leader, and he is a natural fit for
our Capital Markets practice as we continue Newmark's momentum,"
said Chad Lavender, Vice Chairman
and Co-Head of Healthcare and Alternative Real Estate Assets.
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
$2.7 billion for the year ending
December 31, 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.
iMSCI, Inc. Real Capital Analytics and Mortgage
Bankers Association
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SOURCE Newmark