NEW
YORK, March 14, 2023 /PRNewswire/ -- Newmark
Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading
full-service commercial real estate business, is pleased
to announce Chad Lavender as
President of Capital Markets for the Company's operating businesses
in North America. Bringing
together all aspects of Newmark's world-class capital markets
practice, Lavender will serve on the Company's Executive
Committee, the corporate management steering committee, and
reports to Newmark's newly formalized Capital Markets Executive
Committee, made up of Co-Heads of U.S. Capital Markets,
Rob Griffin, Douglas Harmon, Kevin
Shannon and Adam Spies, among
others.
"Chad, a respected and sought-out voice in the capital markets
sector, has an innate talent for leading and inspiring teams of top
performers. In this newly defined executive capital markets
position and coupled with his passion for execution excellence to
achieve the best on behalf of clients, Chad's leadership
contributions will enhance our capabilities and efficiencies as
Newmark continues on its growth trajectory," said Barry Gosin, Newmark Chief Executive
Officer.
As President of Capital Markets for North America, Lavender is responsible for
driving the overarching strategy and revenue growth of the capital
markets business for every asset type, including multifamily,
office, industrial, retail and alternative investment classes. He
will advise on recruiting and retaining top-tier talent,
upholding and expanding a collaborative and entrepreneurial
culture. Building on existing services and expertise and all
infrastructure and support necessary to keep Newmark at the
forefront of the industry in capital markets, Lavender will work
alongside Newmark's deep bench of advisors to provide integrated
services and solutions across investment sales, recapitalizations,
debt and joint venture equity executives to prioritize and enhance
the Company's capital markets client offerings to landlords, owners
and investors.
"Formalizing this inter-disciplinary capital markets
committee—which centralizes our leading area-specific expertise
from across the Company—in tandem with Chad's appointment, allows
Chad and our advisors to seamlessly access, generate and scale real
estate solutions and guidance for our clients," said Kevin Shannon, Co-Head of U.S. Capital Markets.
"We look forward to collaborating with Chad, who is one of the most
talented and gifted capital markets professionals in the business.
His commitment to the momentum of Newmark's full-service client
offerings has always been evidenced by his leadership," added
Robert Griffin, Co-Head of U.S.
Capital Markets.
Lavender has completed investment sales, recapitalizations, debt
and joint venture equity transactions totaling more than
$37 billion in value throughout the
U.S. Formerly Newmark's Vice Chairman and Co-Head of Healthcare
& Alternative Real Estate Assets group, Lavender joined the
Company to form and co-lead the group in 2019. Previously, Lavender
held roles as Co-Head of HFF's national healthcare group—where his
seniors housing- and healthcare-focused team consistently ranked
among the company's top producers—and an investment advisor with
Apartment Realty Advisors' seniors housing group prior to the
firm's acquisition by Newmark. Lavender will continue to advise
within the Company's Healthcare & Alternative Real Estate
Assets group and recently launched Single Family Rental (SFR)
group alongside Vice Chairman Ryan
Maconachy.
"We are yet again recognizing a significant capital markets
leadership announcement for Newmark in the strategic positioning of
Chad in this new role. This announcement underscores the platform's
momentum as we endeavor to become the most relevant capital markets
firm," said Co-Head of U.S. Capital Markets Douglas Harmon, who recently joined the Company
with Co-Head Adam Spies.
Lavender's appointment aligns with that of Elizabeth Hart, who was recently named President
of Leasing for North America. "As
Newmark prepares for its next growth phase, announcing these new
leadership roles emphasizes our strategic approach to building
a dynamic future for the Company. We trust leaders like Chad and
Liz to contribute to the growth, innovation and out-of-the-box
thinking necessary to achieve our goals," concluded Gosin.
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/newmark-announces-chad-lavender-as-president-of-capital-markets-for-north-america-301772242.html
SOURCE Newmark Group, Inc.