August 17, 2023 10:00 AM
Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading adviser and service provider to large institutional investors, global corporations, and other owners and occupiers of commercial real estate, announces the expansion of its Valuation & Advisory (V&A) service with the launch of the Agriculture Specialty Practice. The V&A Practice provides appraisal services for both single property assignments and national portfolios, serving individual owners, lenders/bank institutions, CPAs, Estate attorneys and institutional investors. The Agriculture Specialty Practice group is led by new hire Dave Mielnicki, MAI, ARA, SRA, who serves as Executive Vice President.
“The addition of the Agriculture Specialty Practice is an exciting opportunity for Newmark V&A to tap into an asset class that differs widely from traditional commercial categories,” said V&A U.S. Practice Lead, Helene Jacobson, MAI, MRICS. “As a highly experienced and knowledgeable expert in the field, we are thrilled to welcome Dave as the Specialty Practice Leader to further expand Newmark V&A’s already comprehensive suite of advisory services.”
With nearly two decades of experience, Mielnicki brings extensive expertise in valuing agricultural assets, including row and irrigated cropland, pasture, dairies, feedlots and headquarter tracts. He also has a wide array of experience in industrial, office, shopping centers, multifamily, schools, churches, residential subdivisions, vacant land and is qualified as an expert witness. Mielnicki is reporting to Senior Managing Director Tony Roberts, and is based in the firm’s Detroit, MI office.
“Leveraging Newmark’s global platform and robust technology, I am honored to lead V&A’s Agriculture Specialty Practice,” said Mielnicki. “With a deep understanding of valuing assets for lending purposes, our team of experts will deliver objective and reliable opinions of value and underwriting support, empowering clients to make real estate decisions confidently.”
Prior to joining Newmark, Mielnicki as a Director, led the CBRE appraisal practice in the Lansing/East Lansing market. Additionally, Mielnicki managed a national team of 20+ appraisers at Peoples Company, where he focused on the appraisal of agricultural assets.
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.