Newmark is pleased to announce that it has hired a new valuation team to be based in its Mexico City office. The team consists of Senior Managing Director Carlos Acevedo Romero, Managing Director Juan Francisco Hernandez, Associate Sergio Santa Rita and Associate Jose Luis Fernandez. The group’s expertise in the Mexico City market and in the valuation of multi-asset portfolios will provide an excellent complement to Newmark’s financing, acquisition and asset review services in the region.
During the last several years this team has participated in the valuation of several portfolios, including: a 3.4 million-square-foot portfolio comprising 34 properties, located in five different cities in the northern region of the country - valuation was for acquisition and financing purposes (July 2017); a mixed-use portfolio comprising three class A+ office buildings, a luxury shopping mall and a hotel, all located in Mexico City - valuation was for financing purposes (June 2017); a mixed-use portfolio comprising 17 properties including a hotel, four malls, three class A+ office buildings and six industrial properties - valuation was for acquisition purposes for one of the largest REITs in Mexico, and some of the properties were under construction and not stabilized (May 2017); a portfolio of eight industrial properties located on the northeast border for financing purposes (March 2017); and an eight-building industrial portfolio and land reserve for acquisition purposes (February 2017).
As the leader of the team, Acevedo brings a wealth of knowledge from over 21 years of real estate valuation experience at two full-service, national companies. His additional background in environmental, hydraulic and civil engineering gives him a unique perspective and ensures that he takes a comprehensive approach to serving his clients. The scope of services he has provided for institutional and private clients includes financing, sales, collaterals and book values. Acevedo possesses expertise in all major market areas, and has practiced valuation on large-scale projects for hotels, resorts, offices, shopping centers, office buildings and industrial warehouses. His client-list includes Altus Group, Metlife, New York Life and Walmart.
Acevedo and colleagues Hernández, Santa Rita and Fernandez come to Newmark from Colliers International. Hernández will contribute his expertise as a senior appraiser of Valuation & Advisory in Mexico. He previously spent fifteen years with Colliers International’s valuation team. Hernandez and Acevedo have worked together in valuation since 1998, sharing similar experience. Hernandez is a member of SAVAC (Architects Appraisers Society by its acronym in Spanish) and brings nationwide market knowledge to the team.
Santa Rita has nearly four years of experience, and has been a key member of Acevedo´s team. He has participated in the valuation of all types of properties, and specializes in market knowledge on the Bajio and Northeast regions. Fernández also has four years of experience, formerly as part of the group’s research team and then the valuation team. He has participated mainly on the valuation of industrial and retail portfolios.
“We are extremely excited to hit the ground running and contribute to Newmark’s scope in Mexico City,” said Acevedo. “The firm’s growing Valuation & Advisory group and Newmark’s proficiency in its advisory services around the world will be invaluable to our team as we begin this new endeavor.”
Newmark President, Valuation & Advisory John Busi commented, “Newmark’s global valuation platform leverages an incredible array of best-in-class professionals. As we build out our Americas platform, we are excited to add Carlos and his team to launch our valuation business in Mexico and Central America and expand our Latin America coverage.”
Newmark is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 15,000 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, Newmark’s strong foundation makes it one of the most trusted names in commercial real estate. Newmark’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, valuation and advisory services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
Newmark is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit www.bgcpartners.com.