Kevin Spence joined Newmark in 2017, bringing with him 29 years of experience in the commercial real estate industry. As a managing director in the Pittsburgh office, Mr. Spence focuses on capital market transactions, including investment sales, debt placement, receiverships and advisory services. His areas of expertise includes financial analysis, lease analysis, property financing, environmental issues and ownership structuring.
Prior to joining Newmark, Mr. Spence served as a senior vice president in the Pittsburgh office of Citizens Financial Group. As a commercial real estate lender for top-tier banks, including BNY Mellon, RBS Citizens and Wells Fargo, Mr. Spence covered all product types, including office, retail, industrial, multihousing, student housing, hotels, self-storage, condominiums, senior living facilities, build-to-suit and land development. His clients were located throughout the Mid-Atlantic with properties in Pennsylvania, Ohio, West Virginia, New York, Massachusetts, Washington, DC, North Carolina and Florida. Deal sizes were up to $110 million and included syndicated transactions, 1031 exchange properties and asset pools. Mr. Spence also successfully worked through a variety of distressed debt transactions and asset repositionings.
An active industry leader, Mr. Spence is a member of the NAIOP and International Council of Shopping Centers (ICSC). He holds a Master of Business Administration degree from the Wharton School of the University of Pennsylvania. Mr. Spence also attended Kenyon College, where he received a Bachelor of Arts degree and graduated cum laude with honors in history.