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Newmark Knight Frank Strengthens Valuation & Advisory Practice in Midwest with Senior Hires

Chicago, IL (04/16/2019)

9:00 AM

Global commercial real estate advisory firm Newmark Knight Frank (NKF) is pleased to announce the expansion of its Valuation & Advisory (V&A) practice in the Illinois/Kansas/Missouri market area with the addition of three senior leaders - Senior Vice Presidents Steve Shockley, MAI, SRA, AI-GRS, AI-RRS, R/W-AC, CCIM, Kendall Winegar, MAI and Director Chris Bischof, CMI, CMEA - to its Chicago offices. The IL/KS/MO territory features offices in downtown and suburban Chicago, St. Louis and Kansas City, comprising 31 employees in total. The 21 senior professionals have an average of 17 years of professional experience and deep expertise throughout the region.

"We are committed to creating a strong bench of advisors and experts who can offer their expertise in all facets of our business," said John Mackris, MAI, MRICS, CCIM, senior managing director, retail/regional mall specialty practice leader and market leader of Illinois, Kansas and Missouri. "We're extremely pleased to welcome these professionals to the team. They bring a strong track record of leadership and will expand the breadth of our specialty practices in the region."

Shockley is a senior vice president with extensive experience appraising office buildings, multifamily assets, religious facilities, shopping centers, factories, railroads and recreation lands, among others. He is also an expert in right-of-way valuation assignments. In addition to serving the Illinois market, Shockley's expertise spans the broader midwestern region. Previously he owned his own practice, Shockley Property Advisors.

Winegar is a senior vice president with a special focus on senior housing and healthcare properties throughout the Midwest. He brings more than 15 years of experience in valuation and market analyses for a spectrum of property types including skilled nursing facilities, assisted living facilities, memory care facilities, medical office properties and multifamily assets, as well as other core and medical property types. Prior to joining NKF, Winegar was a director in the Chicago and Rosemont offices of Cushman and Wakefield.

Bischof is a director in the Property Tax Services Specialty Practice. He focuses on advising clients on property tax and valuation matters in the Midwest and has managed regional and national portfolios for a variety of clients. Bischof brings 18 years of experience, having assisted clients in all phases of the property tax cycle. He joins NKF from Altus Group, where he was the Chicago office leader of property tax in the Midwest region.

About Newmark Knight Frank
Newmark Knight Frank ("NKF"), operated by Newmark Group, Inc. ("Newmark Group") (NASDAQ: NMRK), is one of the world's leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, NKF's 16,000 professionals operate from approximately 430 offices on six continents. NKF's investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.

Discussion of Forward-Looking Statements about Newmark Group
Statements in this document regarding Newmark Group 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. Except as required by law, Newmark Group 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 Group's Securities and Exchange Commission filings, including, but not limited to, any updates to such risk factors contained in subsequent Forms 10-K, 10-Q, or Forms 8-K.

For Media Inquiries Contact:
Deb Bergman
Vice President PR and Communications
Newmark Knight Frank
T 303.260.4307