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Newmark Realty Capital Hits $2.5B CRE Mortgage Activity in 2018
San Francisco-based Newmark Realty Capital (NRC), Inc. completed $2.47-billion of commercial mortgages during 2018 across 270 transactions. This is the seventh year the independent firm exceeded $2 billion in annual production, a trend pointing to both healthy commercial real estate markets and operational performance. NRC’s Q4 2018 production totaled $669.1 million through 73 transactions.
Newmark Realty Capital’s Michael Heagerty says, “Newmark Realty Capital met and exceeded our projections for 2018, and for many reasons it was a banner year. We further solidified our internal operating best practices, organically grew our market share and workforce, joined our peers in successfully shaping federal and state legislative dialogue, and continued growing a premier servicing portfolio through diligent oversight, active management and accurate underwriting.”
The top-funded property types in 2018 included (ranked in descending order) office, multifamily and retail assets; with the company’s Los Angeles, San Francisco and Seattle production offices finishing the year with NRC’s highest placement volumes.
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