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NAI Capital Commercial Completes Internal Sale

Jackson

Faulkner

Encino-based NAI Capital Commercial completed an internal reorganization and sale of the company to brokers and staff, which is expected to bring a fresh and energized perspective to the company. This integration of ownership and senior management, with its brokerage and employee teams, along with an association with NAI Global and its world-wide resources, maintains NAI Capital Commercial as one of the largest members of NAI Global.

NAI Global is a premier managed commercial real estate service network with 375 Offices and 6,000 market leaders spanning the globe.

The company named Chris Jackson and Joseph Faulkner as Co-Chief Executive Officers. The pair together bring more than 60 years of industry expertise, including more than two decades when Faulkner founded and ran his own firm in the 1980s and 1990s. Jackson previously served as Executive Managing Director for NAI Capital’s top producing Encino office and was a founding remember of the Investment Services Group.

Jackson and Faulkner will assume the role of Co-CEOs from Tim Foutz, who will become the company’s new Chair. Michele Stein will remain as COO and continue her duties with the Operations, Administration and in working with Greg Pittler NAI Capital’s current interim CFO.

NAI Capital Commercial’s Jackson says, “Following a thorough and rigorous process and the evaluation of all available options, Senior Management determined that a partnership with our brokers and staff provides the best platform for our brokerage professionals, employees and clients. We believe the sale of the company to the brokers and staff, along with increased management and an experienced Advisory Board, will drive NAI Capital Commercial to be the number one real estate company in California.”


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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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  • ◦Sale/Acquisition
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