Commercial real estate advisory firm Newmark announced it has hired notable multifamily producers Derrick Bloom, Dave Gutting, Hunter Amos and Brandon Beaty, as well as Vince Lefler and Tarek El Gammal, to spearhead the firm’s Multifamily Capital Markets operation in Atlanta and Nashville, respectively. Bringing over 100 years of combined experience, the professionals join from JLL, Bloom and Gutting as vice chairmen, Lefler and El Gammal as executive managing directors, Amos as director and Beaty as associate director, all specializing in multifamily investment sales.
“We are thrilled to have Bloom, Gutting, Amos, Beaty, Lefler and El Gammal join Newmark’s multifamily team” said Jeff Day, Newmark chief strategy officer and president, head of multifamily capital markets. “With over $50 billion in combined career multifamily-related transactions on behalf of some of the nation’s largest clients, these individuals offer breadth of knowledge, depth of experience and relentless customer focus. Newmark continues to expand its global presence to deliver actionable strategies through best-in-class talent.”
Vice Chairman, Head of Multifamily Investment Sales, Blake Okland added, “Both the Atlanta and Nashville Metro’s are integral to our Multifamily Capital Markets platform. Atlanta has been one of the top performing markets for institutional investors over the past 12 months, and as a result has seen transactional volume rise to $8.5 billion¹. Nashville is consistently ranked among the top five for both job and population growth and is currently the third most attractive investment market for the second consecutive year². Derrick, Dave, Hunter, Brandon, Vince and Tarek are among the region’s top multifamily capital markets professionals and we are thrilled to be able to work with them to expand our footprint and continue providing the highest and best service to our clients.”
Bloom and Gutting specialize in multifamily investment sales, equity raises for existing deals and new development, along with recapitalization of existing properties. The duo most recently co-led a national multifamily strategy platform in cooperation with local market brokers, while also leading a group of Atlanta-based multifamily sales professionals. In 2019, they collectively completed $3 billion of multifamily investment sales.
Previously, Bloom held a partner position for 12 years at Apartment Realty Advisors (ARA), now Newmark. His real estate experience began at Arthur Andersen and Deloitte and Touche, structuring real estate transactions and tax consulting for seven years.
Gutting was one of three original partners that built and led Cushman & Wakefield’s institutional multifamily platform in Atlanta. His prior multifamily real estate experience includes acquisitions and development for Simpson Housing and Davis Development, respectively.
Vince Lefler specializes in multifamily investment sales and equity placement for new development. At his former firm, he was a National Director for Southeast Multifamily Sales, opening the Nashville office in 2011 and quickly becoming the market leader. Prior to his tenure there, Lefler worked in multifamily investment sales for Apartment Realty Advisors (ARA), now Newmark. Throughout his career, Mr. Lefler has handled over $3.5 billion in transactions.
Tarek El Gammal, having completed over $2 billion in multifamily related transactions, has a broad range of industry experience including leadership roles in operations, investments, development and brokerage. At his prior firm, he jointly led the Nashville multifamily investment sales operation. Before this, Mr. El Gammal was a partner at Nashville-based Southeast Venture development and real estate services firm and led the firm’s expansion into multifamily development. Additionally, Mr. El Gammal worked for The Tuckerman Group/SSga in transactions of joint-venture equity and mezzanine lending across the Southeastern U.S. and also spent over five years in operations for Equity Residential, one of the nation’s largest multifamily REITs.
Hunter Amos was most recently a senior vice president with a national multifamily investment sales and equity platform where he was responsible for continued expansion throughout the Southeast region. Before that, he was a partner at Lockton Companies where he focused on the growth of the real estate platform in the southeast. Hunter also has 13 years of experience in the real estate finance space primarily as a commercial real estate lender.
Brandon Beaty began his career as a program accountant before joining his previous firm where he spent eight years specializing in asset marketing, investment analysis, financial valuation and brokerage as part of a national multifamily investment sales group with overall team transactions exceeding $16 billion and more than 40,000 units brokered throughout the Southeast.
“With strong demographic trends and net migration patterns towards Southeastern markets in general, both the Atlanta and Nashville metros continue to offer unprecedented opportunities for multifamily development and investment,” said Bloom. “It is exciting to be able to leverage Newmark’s global platform while working with clients to expand their portfolios and ultimately benefit from the strong momentum in the marketplace.”
“I’m thrilled about the trajectory that we are on here in the Southeast and platform-wide,” added Sean Moynihan, Newmark Executive Vice President, Southeast Market Leader.
¹ NCREIF and RCA
² ULI/PWC research
Newmark (“Newmark”), 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, Newmark’s 18,000 professionals operate from approximately 480 offices on six continents. Newmark’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.
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. 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.