NEW YORK, Oct. 23, 2018 /PRNewswire/ -- Newmark
Knight Frank (NKF) has announced that its dedicated multifamily
real estate services businesses are now operating under the Newmark
Knight Frank brand. ARA, A Newmark Company and Berkeley Point
Capital have combined to create one of the nation's largest
multifamily service platforms.
Together, ARA Newmark and Berkeley Point completed $28 billion in transaction volume in 2017,
positioning the firm as one of the fastest growing multifamily real
estate services providers in the country.
"By bringing these entities under the Newmark Knight Frank
brand, we are further positioning our firm as a global real estate
services leader," said Barry Gosin,
Chief Executive Officer, Newmark Knight Frank. "We will now deliver
our expansive resources under a unified brand with a shared voice
and vision."
Effectively immediately, ARA Newmark, Berkeley Point Capital,
NKF Capital Markets and Newmark
Cornish & Carey will now be known as Newmark Knight
Frank. The rebranding initiative includes integrating Newmark
Knight Frank's service lines in capital markets, global corporate
services, leasing and property and facilities management across all
its multifamily, retail, office, industrial, hotel and healthcare
product types.
BCG Partners, Inc., the parent company of Newmark Knight Frank,
acquired Berkeley Point Financial LLC in 2017 for $875 million. In 2014, BCG also acquired
Apartment Realty Advisors, the largest privately held, full-service
investment brokerage firm in the United
States. After the acquisition, they became ARA, A Newmark
Company.
The Newmark Knight Frank Multifamily Capital Markets team will
be led by Jeff Day as the group
head, with Blake Okland as head of
Multifamily Investment Sales and Mike
May as head of Multifamily Debt & Structured
Finance.
"As the industry continues to evolve, our clients require
increasingly sophisticated products and services that will provide
them with a competitive advantage," said Jeff Day, President, Head of Multifamily Capital
Markets, Newmark Knight Frank. "The further integration of our
multifamily businesses into the Newmark Knight Frank platform
allows us to provide unique and customized solutions that are
unmatched in the industry."
The unified Newmark Knight Frank Multifamily Capital Markets
group includes 525 professionals averaging more than 20 years of
experience, and with Newmark Knight Frank's approximately 430
offices spanning six continents, the team offers clients access to
global resources to support their expert multifamily services.
About Newmark Knight Frank
Newmark Knight Frank
("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ:
NMRK), is one of the world's leading and most trusted commercial
real estate advisory firms, offering a complete suite of services
and products for both owners and occupiers. Together with
London-based partner Knight Frank
and independently-owned offices, NKF's 16,000 professionals operate
from approximately 430 offices on six continents. NKF's
investor/owner services and products include investment sales,
agency leasing, property management, valuation and advisory,
diligence, underwriting, government-sponsored enterprise lending,
loan servicing, debt and structured finance and loan sales.
Occupier services and products include tenant representation, real
estate management technology systems, workplace and occupancy
strategy, global corporate services consulting, project management,
lease administration and facilities management. For further
information, visit www.ngkf.com. Newmark Group is a publicly
traded subsidiary of BGC Partners, Inc. ("BGC") (NASDAQ:
BGCP), a leading global brokerage company servicing the financial
and real estate markets.
Discussion of Forward-Looking Statements about Newmark
Group
Statements in this document regarding Newmark Group
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.
Except as required by law, Newmark Group 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 Group's and BGC's Securities and Exchange
Commission filings, including, but not limited to, any updates to
such risk factors contained in subsequent Forms 10-K, 10-Q, or
Forms 8-K.
Press Contact:
Sarah Berman
T 212.450.7300
sberman@bermangrp.com
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SOURCE Newmark Group, Inc.