NEW
YORK, Feb. 15, 2024 /PRNewswire/ -- Newmark
Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading commercial real
estate advisor and service provider to large institutional
investors, global corporations, and other owners and occupiers,
announces it has hired the team formerly with Affordable Housing
Advisors (AHA) – a leading brokerage team and platform previously
housed out of Marcus & Millichap. The team, which will operate
as Newmark Affordable Housing Advisors, or NAHA, is led by Vice Chairmen and Co-Heads of
Affordable Housing, Andrew Daitch,
Steven Miscavish, Seth Barnett and Matthew
Kurzmann, who will tap into Newmark's extensive resources
while continuing to provide expert market knowledge and advisory
services to clients in the affordable housing industry.
Founded in 1987, AHA was one of the first brokerage groups to
specialize in affordable housing, establishing themselves as the
U.S. industry leader. Now, the latest hire in Newmark's recent
growth efforts brings the nation's preeminent affordable housing
brokerage team to the platform, where they will continue to
represent sellers and buyers of all property types and sizes within
the affordable housing industry – including Section 8, Tax Credit,
general partner interests and portfolios.
"This team has consistently proven to be the affordable housing
brokerage leader nationwide for well over a quarter century, having
closed more than $25 billion in
affordable housing transactions, and we are thrilled to now have
their deep knowledge and extensive sales prowess under the Newmark
brand," said Chad Lavender,
President of Capital Markets, North
America. "We continue to attract the industry's best
talent, no matter the sector, as we bolster and expand the
Company's full-service client offerings. The addition of Andrew,
Steven, Seth, Matthew and their team is a major step forward for
our multifamily advisory business."
The head of the new NAHA team,
Andrew Daitch, has over 25 years of
experience representing buyers and sellers of affordable housing
throughout the country, consistently ranking among the nation's top
multifamily advisors. Under Daitch's leadership, AHA achieved
significant success. Steven
Miscavish has over 22 years of industry expertise and leads
the underwriting team that reviews more than 1,500 affordable
housing properties annually. Together with Miscavish and Daitch,
industry veterans Barnett and Kurzmann will oversee transactions
for the team. Barnett will continue to be responsible for sales in
the Midwest, Mountain and Sunbelt regions while Kurzmann continues
to lead New England, the Mid-Atlantic, and South-Atlantic regions.
The team also includes Mason Campau,
Ryan Moore, Ryan Warren, Neil
Rosenthal, Jackson Ross, and
Gerson Askenazy, based in
Detroit; Nick Affronti and Jeremiah Jarmin, based in Phoenix; and Tyler
Martin, based in San
Diego.
"Joining Newmark will further our ability to deliver
best-in-class results for our clients from coast to coast while
leveraging the most diverse service offerings to buy and sell
affordable housing," said Daitch. "By combining the
expertise of our seasoned professionals with Newmark's multifamily
capital markets experts and expansive platform, we believe that we
are poised to achieve unparalleled success for our clients."
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 ending December
31, 2022, Newmark generated revenues of approximately
$2.7 billion. As of September 30, 2023, Newmark's company-owned
offices, together with its business partners, operate from
approximately 170 offices with 7,400 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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SOURCE Newmark Group, Inc.
