Newmark Appoints Justin Shepherd as Co-Head of U.S. Healthcare Capital Markets Team

March 12, 2025 1:00 PM

Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the company has hired industry expert Justin Shepherd as Co-Head and Vice Chairman of its U.S. Healthcare Capital Markets practice, serving alongside Co-Heads and Vice Chairmen Ben Appel, Jay Miele and Head of Healthcare Debt, Vice Chairman John Nero.

“We are thrilled to welcome Justin to Newmark,” said President of Capital Markets for North America Chad Lavender. “His appointment is yet another example of Newmark’s leading capital markets position in both alternative assets and the market landscape at large. We have been very successful in the healthcare sector, serving as a testament to our strategic focus on specialization and exceptional execution capabilities, and with Justin on board, we’re poised to elevate our impact even further.”

Since its inception in 2021, Newmark’s U.S. Healthcare Capital Markets practice group, comprised of Appel, Miele, Nero, Michael Greeley and Ron Ott, has been an industry leader in institutional investment sales, joint venture equity, portfolio transactions and debt placement. With leaders in Philadelphia, New York, Boston, San Diego and Los Angeles, the team has transacted in nearly every U.S. state, including arranging some of the most notable healthcare real estate joint venture, portfolios and single asset trades. Including transactions previously completed by Shepherd, the team will have collectively advised on nearly $40 billion of healthcare real estate transactions since 2021, with clients including some of the largest and most successful REITs, funds, advisors and LPs domestically and globally.

“Driven by a shared commitment to excellence, our practice is founded on talent, dedication and integrity,” said Appel. “With Justin’s experience and track record in advising clients on high-profile transactions in the MOB sector, combined with his deep industry knowledge and strategic insights, he is a meaningful addition to our already robust team.”

Based in the firm’s Irvine office, Shepherd specializes in Medical Outpatient Building (MOB) and healthcare real estate sales, recapitalizations, joint venture equity and financing across the country. Throughout his 15 years of experience, he has facilitated over $20 billion in healthcare real estate transactions and advisory services.

“Justin’s addition amplifies our capital markets offering and reinforces our commitment to recruiting top talent nationally,” said Nick DiPaolo, Executive Vice President, Regional Managing Director and Southwest Market Leader. “His leadership and collaboration within our Healthcare Capital Markets team further propels our momentum as a national leader in this sector.”

“I am excited to join Ben, Jay, John, Michael and Ron with the unified goal to deliver strategic and innovative solutions to our healthcare clients,” said Shepherd. “I look forward to capitalizing on our combined transaction experience and history to collaborate and materially grow the healthcare business.”

Shepherd’s appointment furthers Newmark’s significant momentum in the Western US, with the recent hiring of market-leading multifamily advisors, the rejoining of Ryan Plummer, additions of David Noblitt and Josh Hayes, Chuck Christenson, Robert Younkin and Garrett Meyers and a leading Pheonix office leasing team in the first quarter alone.

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 December 31, 2024, Newmark generated revenues of over $2.7 billion. As of December 31, 2024, Newmark and our business partners together operated from approximately 170 offices with more than 8,000 professionals across four continents. 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.