January 13, 2025 9:00 AM
Newmark announces the firm has hired Robert Younkin and Garrett Meyers as Vice Chairmen in the Los Angeles office. With a focus on Conventional Multifamily and Manufactured Housing debt origination, the two bring more than 35 years of experience and have originated transactions totaling over $12 billion in their careers, with $6.5 billion of originations in the last five years.
“Newmark continues its strategic initiative to enhance our Multifamily Investment Sales and Debt & Structured Finance offerings,” said Barry Gosin, Chief Executive Officer. “Expanding our expertise in multifamily debt origination, one of the most active debt sectors today, is key to our continued growth and the enhancement of our company’s service to clients.”
Younkin and Meyers join from PGIM Real Estate, where they led a high-volume agency origination team and were instrumental in building the firm’s presence in the manufactured housing space. Prior to that, both worked for PNC Real Estate.
“We are proud to be a top Fannie Mae and Freddie Mac lender and will continue to invest in our GSE practice to deliver the best execution to our clients,” said Sharon Karaffa, President, Multifamily Debt & Structured Finance. “With Robert and Garrett on board, we will continue to grow our conventional multifamily debt business and expand our reach in Workforce Housing and Manufactured Housing, helping to serve a critical segment of the multifamily market.”
“Newmark has built a strong team in the markets in which we operate, and we look forward to leveraging the personnel and platform on behalf of our clients, which include private capital, middle market and institutional investors,” said Younkin. “Our team brings a diverse and complimentary set of skills with the intent to optimize client outcomes, which is now further enhanced by the strategic move to Newmark.”
The new hires closely follow two new originators who joined the Irvine, California office in November. The company also recently hired a debt origination expert in Phoenix, added Jonathan Firestone as a co-head of Global Debt & Structured Finance and hired Dean Zander as a Vice Chairman for multifamily investment sales in its Century City office.
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 twelve months ended September 30, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 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 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.