Newmark Grubb Knight Frank (NGKF) is pleased to announce that respected industry veteran Norm LeZotte, MAI has joined its newly launched Valuation & Advisory practice to lead the Senior Housing & Healthcare practice as senior managing director. He and a team of highly specialized valuation and advisory professionals will form the nucleus of this new sub-service line.
For the past seven years, LeZotte served as president of Salus Valuation Group Inc., a highly-specialized firm focused solely on senior housing and healthcare properties across the nation. He has been dedicated to this industry for the past 20 years, and is one of the most trusted and well-respected valuation professionals in the business. LeZotte has held previous positions at PricewaterhouseCoopers, Gulf Atlantic Valuation Services and Cushman & Wakefield.
“Working alongside Norm at C&W for nine years helped me to understand the nuances and complexities of this industry,” stated President, Valuation & Advisory John Busi. “Watching Norm navigate these complexities allowed me to appreciate how he has become one of the “best-in-class” professionals in this sector. With an aging baby boomer population and all the capital being directed to Senior Housing & Healthcare in the coming years, we expect this to be a huge growth sector for our new business.”
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank (NGKF) is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 14,100 professionals operate from more than 400 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.