December 5, 2024 9:00 AM
Newmark announces the expansion of its Managed Services team with the onboarding of over 50 skilled professionals and the opening a new office in Chennai, India. The team, specializing in acquisition due diligence, lease administration, finance and accounting, data services and real estate managed services, will be led by Executive Director Rajesh Ganesh. Senior Managing Director Ania Jastrzebska oversees the practice and continues to broaden its offerings since joining the firm in April 2024.
“Our new office is part of our global delivery model, offering operational excellence, allowing Newmark to tap into Chennai’s vast talent pool to provide a wide range of services and solutions to the commercial real estate industry” said Jastrzebska. “As one of the most recognized leaders in the Real Estate Managed Services industry, Rajesh’s strategic vision and deep expertise will be instrumental in continuing to expand Managed Services’ capabilities.”
Bringing more than two decades of commercial real estate services experience, Ganesh has managed large-scale teams and developed innovative AI solutions in real estate contract abstraction. Previously, he held senior leadership roles at Deloitte and Accenture, overseeing 1,200+ FTEs and driving client satisfaction through service delivery and continuous improvement initiatives. Ganesh will work closely with Ned Mody, Country Head and Executive Managing Director.
“It is an honor to join Newmark and lead this exceptional team,” said Ganesh. “Our goal is to deliver a full suite of services to clients and continue Newmark’s legacy as a trusted advisor to institutional investors, global corporations and commercial real estate owners. Chennai is a global hub for commercial real estate finance and accounting, making it the ideal place to expand our offerings.”
As the gateway to Southern India, Chennai offers robust infrastructure and a thriving educational ecosystem with steady stream of finance and accounting professionals. As one of the first cities outside the U.S. to develop expertise in commercial real estate services, Chennai’s long-standing history positions it as a center of excellence for outsourcing high-quality services in property accounting, lease administration and financial analysis.
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 ended December 31, 2023, Newmark generated revenues of approximately $2.5 billion. As of June 30, 2024, Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 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.