Newmark Group, Inc. appoints Sharon Karaffa as president of Multifamily Debt & Structured Finance, succeeding Jeff Day, the current chief strategy officer and president of Multifamily Capital Markets, who retires on December 31, 2023. Karaffa, alongside Chad Lavender, president of North America Capital Markets, will oversee the Multifamily Capital Markets division. 

With over 20 years of experience, including a tenure at Fannie Mae overseeing growth in credit facilities, Karaffa’s leadership at Newmark led to a 28% rise in investment sales volume financed via the debt platform. 

“To have been a part of the fastest-growing global commercial real estate services firm over the years is a memory I will always cherish,” said Day. Under his tenure, Newmark’s Multifamily Capital Markets reached $70 billion in annual transaction volume, and he spearheaded strategic initiatives and technology plans.