October 25, 2021 11:20 AM
Newmark is pleased to announce that Brooke Cade has joined the firm’s Multifamily Group as a Director. Cade will focus on arranging equity across the state of Florida. She joins Newmark Florida’s dedicated debt and equity team consisting of Vice Chairmen Avery Klann, Hampton Beebe and Patrick Dufour, Executive Managing Director Matthew Williams, and local brokers in Newmark’s Tampa, Orlando and Jacksonville offices.
“Brooke brings an institutional background that fits well with our statewide roster of the very best investment sales brokers and debt producers in the market,” said Beebe. “We are confident that she will be able to build on the success that the team has created.”
As of Q3 2021, Newmark’s Florida Multifamily Capital Markets Group has closed 114 transactions, totaling over $6.4 billion in volume, including $1.6 billion of financing and equity raises. The group has been expanding its statewide platform, providing clients with seamless integration between investment sales brokers and a local, statewide equity broker that serves as a dedicated point of interface with a broad spectrum of capital providers.
The team has been very active in raising common equity and preferred equity for developers and will close over a dozen assignments this year. In September, Newmark raised equity on behalf of The Altman Companies for Altis Grand at Lake Willis, a 329-unit garden multifamily development opportunity in Orlando, Florida. Newmark is working on several additional equity assignments across Florida, including Tampa, West Palm Beach, and Orlando.
“I am excited to join Newmark and such an exceptional team,” said Cade. “I look forward to expanding the equity platform, especially in Florida, which has such a tremendous growth story.”
Cade joins Newmark from North American Development Group, where she served as Director, sourcing investment opportunities for multifamily development. Before that, she worked at 1Sharpe Capital and J.P. Morgan. At 1Sharpe Capital, she helped launch the firm’s multifamily housing platform that acquired nearly 1,000 units.
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. Newmark generated revenues in excess of $2.2 billion for the trailing twelve months ending June 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
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