October 25, 2021 11:20 AM
Newmark is pleased to announce that Brooke Cade has joined the company’s multi-family group as a Director. Cade will focus on organizing equity in the state of Florida. She joins the Newmark Florida Debt and Equity team of Vice Presidents Avery Klann, Hampton Beebe and Patrick Dufour, Executive General Manager Matthew Williams and local brokers in Newmark’s offices in Tampa, Orlando. and Jacksonville.
âBrooke brings an institutional background that fits well with our statewide list of the best investment brokers and debt producers in the market,â said Beebe. “We are confident that she will be able to build on the success that the team has created.”
By the third quarter of 2021, Newmark’s Florida Multifamily Capital Markets Group had completed 114 deals, for a total volume of more than $ 6.4 billion, including $ 1.6 billion in funding and capital increases. The group has expanded its platform statewide, providing clients with seamless integration between investment brokers and a state-wide local stock broker that serves as a dedicated point of interface. with a wide range of capital providers.
The team has been very active in raising common stock and preferred stock for developers and will close more than a dozen assignments this year. In September, Newmark raised capital on behalf of The Altman Companies for Altis Grand at Lake Willis, a 329-unit multi-family garden development opportunity in Orlando, Florida. Newmark is working on several additional share sales across Florida, including Tampa, West Palm Beach and Orlando.
âI am delighted to join Newmark and such an exceptional team,â said Cade. “I look forward to expanding the equity platform, particularly in Florida which has a history of tremendous growth.”
Cade joins Newmark from the North American Development Group, where she was a director, seeking investment opportunities for multi-family development. Prior to that, she worked at 1Sharpe Capital and JP Morgan. At 1Sharpe Capital, she participated in the launch of the company’s multi-family housing platform, which has acquired nearly 1,000 units.
Newmark Group, Inc. (Nasdaq: NMRK), along with its subsidiaries (âNewmarkâ), is a global leader in commercial real estate, seamlessly fueling every phase of the property lifecycle. Newmark’s full suite of services and products are uniquely tailored to suit every client, from owners to occupants, investors to founders, and startups to blue chip businesses. Combining the platform’s global reach with market intelligence in established and emerging real estate markets, Newmark provides superior service to clients across the industry. Newmark generated revenues of over $ 2.2 billion for the twelve months ending June 30, 2021. The offices owned by the Newmark company, as well as its business partners, operate from more than 160 offices with approximately 6,200 professionals worldwide. To learn more, visit nmrk.com or follow @newbrand.
Discussion of forward-looking statements regarding Newmark
Statements contained 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 regarding the effects of the COVID-19 pandemic on the business, results, financial condition, liquidity and prospects of the Company, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, perhaps materially, from what is currently expected. Except as required by law, Newmark assumes 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 forward-looking statements, see Newmark’s Securities and Exchange Commission documents, including, but not limited to, the risk factors and the special note on Forward-looking information set out in these documents and any updates to these risk factors and the special note on forward-looking information contained in subsequent reports on Form 10-K, Form 10- Q or Form 8-K.