Newmark Group, a leading global commercial real estate advisory firm, announces the acquisition of Texas-based RealFoundations, a leading global professional services firm focused solely on the real estate industry through its management consulting and managed services, along with its subsidiaries and affiliates.
The acquisition accelerates the expansion of Newmark’s “Investor Solutions Suite,” enhancing the company’s ability to deliver market-leading fund and asset management-related solutions for institutional clients across the United States, Europe and Asia-Pacific.
“We are investing in scaled advisory and managed services capabilities that match the complexity of today’s institutional clients across the full asset lifecycle. The acquisition of RealFoundations strengthens Newmark’s position as a leading global provider of investor and occupier solutions, advancing our goal to grow recurring management services and servicing revenue to more than USD 2 billion by 2029,” said Barry Gosin, Chief Executive Officer (CEO) of Newmark Group and Chairman of Newmark & Company Real Estate.
With more than 500 employees supporting 500 companies in the United States, Europe and Asia-Pacific, RealFoundations has earned a reputation as the gold standard partner to global investment managers and institutional investors, providing expertise in fields like data management, transaction support, performance analytics, valuation services and strategic consulting. The firm’s differentiated technology and end-to-end workflow systems also allow clients to scale their back-office functions while gaining real-time visibility into portfolio-level data.
“RealFoundations’ consulting and managed services strengthen our ability to offer clients integrated investment services that support performance and client service delivery. By combining their delivery model and specialised expertise with our capital markets platform, we can help clients scale with even greater speed, efficiency and insight,” said Lou Alvarado, Chief Operating Officer.
The investment strengthens Newmark’s managed services for its investor clients, which now includes more than 1,000 professionals worldwide, as the firm broadens its delivery of data services, lease administration, accounting, reporting, asset services and newly launched fund administration on a global scale.
RealFoundations adds advanced technology, consulting expertise and a complementary client base of leading REITs, investment managers and owners across office, retail, industrial, multifamily and single-family sectors, further expanding Newmark’s institutional reach.