NKF Integrates ARA Newmark, Berkeley Point Capital To Create One Of The Largest Multifamily Services Firms In U.S.
Commercial real estate services giant Newmark Knight Frank, which owns and operates a number of distinct multifamily real estate service brands, has decided to fold all of those businesses together under the Newmark Knight Frank banner.
ARA Newmark, Berkeley Point Capital, NKF Capital Markets and Newmark Cornish & Carey are being combined to create one of the nation's largest multifamily service platforms. For their part, ARA Newmark and Berkeley Point Capital completed a combined $28B in transaction volume in 2017.
"By bringing these entities under the Newmark Knight Frank brand, we are further positioning our firm as a global real estate services leader," Newmark Knight Frank CEO Barry Gosin said in a statement. "We will now deliver our expansive resources under a unified brand."
BCG Partners, the parent company of Newmark Knight Frank, acquired Berkeley Point Financial in 2017 for $875M. In 2014, BCG acquired Apartment Realty Advisors, the largest privately held multifamily investment brokerage firm in the United States. After the acquisition, that entity became ARA, A Newmark Company.
The Newmark Knight Frank Multifamily Capital Markets team will be led by Jeff Day as the group head, with Blake Okland as head of multifamily investment sales and Mike May as head of multifamily debt and structured finance.