10:00 AM
Newmark announces that industry expert David Wright has joined as Director of Management Services in the firm’s Minneapolis office. In this role, his responsibilities include driving the strategies of Newmark’s third-party property management portfolio throughout the Minneapolis/St. Paul area. Joining the dynamic Minneapolis property management team including General Managers Alexx Smith and Kari Raasch, Property Manager Ryan Connolly, and Chief Engineer Dave Fox, Mr. Wright will help implement leading management strategies to deliver measurable and positive changes for Newmark clients and their real estate assets.
“The addition of David Wright to Newmark’s Minneapolis property management operation supports the strategy and collaboration among its existing roster of knowledgeable property management professionals,” stated Newmark Executive Managing Director Jim Damiani, co-leader of the Minneapolis office. “David is a highly accomplished corporate and real estate leader, known for his focus on client results, and we are thrilled to have him join the Minneapolis property management group,” added Senior Managing Director Brent Erickson, who oversees the office alongside Damiani.
Joining Newmark with 30 years of experience at U.S. Bank in Minneapolis, where he was vice president and senior director of asset management and acquisitions/dispositions, David Wright’s previous position comprised accountability for acquisitions and dispositions for the company’s corporate real estate group, including oversight of 22 million square feet of property with a net book value of $1.6 billion. His direct experience comprises asset management, including management of a commercial portfolio of 50 properties measuring 12 million square feet and a staff of 40 professionals.
“Newmark’s expanding platform and market-leading solutions, combined with the strength of the Minneapolis team, will ensure the continuation of top-tier management solutions for our clients and I am looking forward to supporting the service line’s local strategy and initiatives,” added Wright.
Newmark continues to expand its presence to meet the growing needs of clients locally, nationally and internationally, adding industry leaders and experts across multiple lines of services in key growth markets including Property Management, Debt & Equity, Valuation & Advisory, Multifamily, Capital Markets and Owner/Investor and Tenant Representation.
About Newmark
Newmark (“Newmark”), 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, Newmark’s 18,000 professionals operate from approximately 480 offices on six continents. Newmark’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
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. 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.