Featherstone brings over 19 years of finance experience,
enhancing the firm's UK and European capital markets expertise and
furthering Newmark's talent expansion and unification
strategy
NEW YORK and LONDON, 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, has hired Matthew Featherstone as Head of Debt &
Structured Finance for Newmark in the United Kingdom (UK) and Europe. Featherstone will work
collaboratively with Newmark's UK & EMEA Capital Markets teams,
including Newmark's Head of London Office Markets Tony Gibbon, Newmark's President for the UK
Michael Lehrman, and
John Rodgers, Head of the UK
Capital Markets and Corporate Finance teams for Gerald Eve, a Newmark company. In addition,
Featherstone will work closely with Charlie
Foster who was recently hired by Newmark affiliate Cantor
Fitzgerald Europe to head up the Real Estate Investment Banking
group, bolstering Newmark's debt and equity capital markets
services in the UK and Europe.
Based in London at
Newmark's 84 Grosvenor Street
office, Featherstone joins Newmark from CBRE, where he served as
Executive Director, Debt & Structured Finance, Capital
Advisors. With nearly 20 years of finance experience spanning
various real estate subsectors, including heading HSBC's Global
Banking UK Real Estate division, Featherstone has executed over
$75 billion of financing and loan
origination transactions. Featherstone possesses a strong client
base and a successful track record in origination, with expertise
in advisory, capital markets, balance sheet funding and risk
management solutions, and has executed financing transactions
ranging from £50 million to £1 billion+. Featherstone graduated
from the University of Durham with
a Bachelor of Arts with Honors in business and finance and is a CFA
Charterholder. His extensive knowledge and expertise in debt
origination for private and public clients will play a significant
role in advancing Newmark's end-to-end capital markets services
across the UK and Europe.
"Matthew's and Charlie's vast experience across the UK and
European markets is integral to further enhancing our global
capital markets strategy, fostering cross-collaboration and
enriching our service offerings," stated Lehrman. "Their
expertise and complementary skill sets create a unique dynamic to
drive greater connectivity, deal flow and client value."
With 25 years of experience, Foster has a comprehensive
background in real estate and corporate finance, with expertise
extending across an array of sectors and leadership roles in
international investment banking, capital markets, M&A and ECM
and is well-versed in establishing, leading and managing a
multi-disciplinary team that achieves significant transaction value
market share. Prior to joining Cantor Fitzgerald Europe, Foster
served as the Managing Director and Head of Real Estate,
Europe at RBC Capital Markets,
where he originated and executed M&A, ECM, private capital and
DCM transactions directly, alongside product specialists and
regional teams (Europe, US,
Canada and Australia). In 2022, he ranked fourth in
transaction value market share league table. Foster holds a
Bachelor of Science degree with Honors and is a member of the Royal
Institution of Chartered Surveyors.
Building out a platform of world-class professionals, Newmark's
unique position in capital markets continues to earn the firm
significant assignments over the past year, including representing
the Federal Deposit Insurance Corporation (FDIC) as the exclusive
financial advisor in the largest loan sale in U.S. history, selling
Signature Bank's $60 billion loan
portfolio1. Additionally, Newmark served as
the Co-Lead Financial Advisor to Blackstone Real Estate Income
Trust, Inc. on its sale of Simply Self Storage to Public Storage
for $2.2 billion and raised
$500 million from an institutional
investor on behalf of Envision Cold to capitalize a new cold
storage operating and development company and acquire cold storage
operations and assets to build its network of facilities across
North America. As loan advisory
and other real estate investment banking services gain importance,
Newmark is well-positioned to serve clients at the highest
caliber.
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.
¹ The book value of the overall loan portfolio was
approximately $60 billion when
Newmark was retained as an advisor by the FDIC and approximately
$53 billion when the Company began
marketing the loans. For more information, please see various
announcements, press releases, and other information on the FDIC
website, including "FDIC Announces Upcoming Sale of the Loan
Portfolio from the Former Signature Bank, New York, New York", "SIGF-23
Sale Announcement $18.5 Billion All
Cash Loan Sale", "SIGCRE-23 Sale Announcement
$33.22 Billion Commercial Real Estate
Loan Portfolio", "FDIC Signature Bank Receivership
Sells 20 Percent Equity Interest in Entity Holding $9 Billion Rent-Stabilized / Rent-Controlled
Multifamily Loans", "FDIC Signature Bridge Bank
Receivership Sells Five Percent Equity Interest in Entities Holding
$5.8 Billion of Rent-Stabilized /
Rent-Controlled Multifamily Loans", and "FDIC
Signature Bridge Bank Receivership Sells 20 Percent Equity Interest
in Entity Holding $16.8 Billion of
Commercial Real Estate Loans".
Photo -
https://mma.prnewswire.com/media/2341189/Matthew_Featherstone_bw_Newmark.jpg
Logo -
https://mma.prnewswire.com/media/1057994/Newmark_Group_Inc_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/newmark-hires-matthew-featherstone-as-head-of-debt--structured-finance-for-the-uk-and-europe-302063256.html