Industry Veteran Brent Mayo is Latest to Join the
Industry-Leading Capital Markets Group
NEW
YORK, Aug. 16, 2023 /PRNewswire/ -- Newmark
Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading
commercial real estate adviser and service provider to large
institutional investors, global corporations, and other owners and
occupiers, announces the expansion of its Capital Markets services
with the launch of the Data Center and Digital Infrastructure
practice group, further expanding its expertise in alternative
assets. In tandem, Newmark has hired Brent
Mayo as Executive Managing Director to anchor the practice
group.
The Data Center and Digital Infrastructure Capital Markets
practice group, which is additive to Newmark's global Data Center
Consulting Group, further solidifies the Company's already dominant
position in alternative assets, in which Newmark has ranked #1 in
total investment sales representation for the last four and a half
years1.
Newmark has been dedicated to growing and strengthening its
Capital Markets platform and is strategically focused on emerging
and alternative asset classes. The data center market has
experienced remarkable growth and insatiable demand, and with
advancements in generative AI and ML, this growth is expected to
surpass the current estimated projection of a 10% compound annual
growth rate (CAGR) through 20302, propelling the sector
even further.
"Newmark is committed to adding best-in-class personnel, with a
focus on the areas where clients need guidance and where there is
an opportunity to hire experts in those spaces, underpinning our
growth trajectory and the talent we've amassed," said President of
Capital Markets for North America
Chad Lavender.
Mayo, based in the New York
City headquarters, specializes in capital formation,
financings, asset sales and platform advisory. In his role, Mayo
will work with Newmark's Capital Markets advisors on capital
formation, financing and asset and portfolio sales, and alongside
the firm's Data Center Consulting Group advisors, leading the
market in data center strategies, valuation and advisory,
management, evaluation and performance.
"As digital infrastructure and data centers have become
increasingly relevant in today's global digital economy, we are
excited to broaden Newmark's reach with an industry leader and
professional of Brent's esteem, which significantly enhances our
capabilities in an asset class as important as Capital Markets Data
Centers and Digital Infrastructure," added Lavender.
Throughout his career, Mayo has been involved in some of the
most significant data center and digital infrastructure deals in
the last decade, including CyrusOne's $16B sale to KKR and GIP, ODATA's
multibillion-dollar sale to Aligned Data Centers; AtlasEdge's
formation and subsequent acquisition of DataCenter One; and Data
Foundry's sale to Switch data centers. Mayo joins Newmark from DH
Capital, a division of Citizens, an investment bank solely focused
on data centers and digital infrastructure.
"Newmark's demonstrated success across nearly all real estate
verticals and asset classes, coupled with its commitment to growing
in the digital infrastructure space, created a unique opportunity
to serve our clients in a rapidly evolving sector," said Mayo. "I
look forward to partnering with the talent at Newmark and building
on the platform's success and momentum as we expand and accelerate
the firm's best-in-class capabilities in the Data Center and
Digital Infrastructure 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. For the year ending December
31, 2022, Newmark generated revenues of approximately
$2.7 billion. As of June 30, 2023, Newmark's company-owned offices,
together with its business partners, operate from approximately 170
offices with over 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.
______________________________________
1According
to MSCI Real Capital Analytics, seller and buyer
representation, January 1, 2019 –
June 30,
2023
2According to a McKinsey &
Company January 2023 article
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SOURCE Newmark Group, Inc.