Newmark announces the addition of two industry experts, Terrance Kong, B.Comm., AACI, P.App. and Tyler Fedun, B.Comm., AACI, P.App to the firm’s Valuation & Advisory (V&A) practice. Mr. Kong and Mr. Fedun have joined Newmark as first vice presidents, reporting to Newmark V&A Canada Market Leader and Senior Managing Director Liam Brunner, AACI, P.App., MRICS. With the addition of these two professionals, Newmark V&A establishes its Edmonton office, providing enhanced coverage throughout northern Alberta and western Canada.
“In the wake of Newmark V&A’s growth in the United States, our Canada practice is following suit, most recently with the establishment of the Edmonton office, with two very experienced valuation professionals,” stated Mr. Brunner, who is responsible for expanding Newmark V&A throughout Canada. “The addition of leaders Terrance Kong and Tyler Fedun complements the established regional coverage from our Toronto and Calgary offices. We are thrilled to have these seasoned and respected professionals join Newmark V&A’s Canadian practice.”
Throughout his 14-year career, Terrance Kong has specialized in real estate valuation and advisory assignments throughout Edmonton and the northern Alberta region. He is experienced in cash flow modeling and analysis of investment-quality assets, including complex assignments for financial reporting of institutional portfolios. His expertise includes a variety of asset types, including office towers; shopping centers; land development; and specialty assets for self storage, manufacturing and processing plants.
With 12 years of experience in commercial real estate valuation and advisory, Tyler Fedun is known for his valuation expertise for various asset types including retail petroleum, multifamily, industrial and land. Both Mr. Kong and Mr. Fedun have appraised and coordinated large, 100+ asset, real estate portfolios. They are joining Newmark after 12 and 8 years, respectively, at Cushman & Wakefield, most recently as associate vice presidents.
“Joining Newmark V&A is an exciting chapter. Newmark’s growth in the U.S. has been admirable and it is an unmatched opportunity to be on the ground floor of its Canada expansion,” said Mr. Kong. In agreement, Mr. Fedun added, “Liam is a tremendously well-respected leader with a robust track record and it is thrilling to join him and the Newmark V&A team.”
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.
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