Newmark Group, a global commercial real estate advisory firm, has acquired Dallas-based RealFoundations as well as its subsidiaries and affiliates. This acquisition is slated to accelerate the expansion of Newmark’s Investor Solutions suite, enhancing its ability to deliver fund and asset management capabilities for institutional clients in 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 life cycle,” said Barry Gosin, CEO of Newmark and chairman of Newmark & Company Real Estate. “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 $2 billion by 2029.”
RealFoundations, with over 500 employees supporting 500 companies globally, provides data management, transaction support, performance analytics, valuation services, and strategic consulting. Its technology and end-to-end workflow systems allow its investment management and institutional investor clients to scale their back-office functions while gaining real-time visibility into the data on a portfolio level.
In addition, RealFoundations provides consulting expertise and a client base of leading REITs, investment managers, and owners across multifamily, office, retail, industrial, and single-family sectors, furthering Newmark’s institutional reach.
“RealFoundations’ consulting and managed services strengthen our ability to offer clients integrated investment services that support performance and client service delivery,” noted chief operating officer Lou Alvarado. “By combining their delivery model and specialized expertise with our capital markets platform, we can help clients scale with even greater speed, efficiency, and insight.”
The RealFoundations leadership team will continue to lead the business branded as Newmark RF, part of the Investor Solutions group. The group will work collaboratively with Ania Jastrzebska, senior managing director of global managed services, while leveraging Newmark’s capital markets relationships.
“Joining Newmark is a natural next step for our firm,” added RealFoundations founder and CEO Chris Shaida. “We share a commitment to delivering intelligent, client-focused solutions, and, with Newmark’s global platform and client relationships, we are poised to broaden our impact and deepen our client relationships.”
Terms of the transaction were not disclosed. G-Side Capital Advisors served as the financial adviser to RealFoundations.