Newmark Hires Justin Shepherd as Co-Head and Vice Chairman of Healthcare Capital Markets
TL/DR –
Newmark Group, Inc., a commercial real estate advisory and service provider, has hired industry expert Justin Shepherd as Co-Head and Vice Chairman of its U.S. Healthcare Capital Markets practice. Shepherd, who has a 15-year track record in Medical Outpatient Building (MOB) and healthcare real estate sales, recapitalizations, joint venture equity, and financing, has generated over $20 billion in healthcare real estate transactions and advisory services. The move is expected to enhance the company’s capital markets offering and leadership within their Healthcare Capital Markets team.
Industry Expert Justin Shepherd Joins Newmark’s U.S. Healthcare Capital Markets Practice
Newmark Group, Inc. (Nasdaq: NMRK), a leading commercial real estate service provider, has announced the appointment of industry expert Justin Shepherd as Co-Head and Vice Chairman of its U.S. Healthcare Capital Markets practice. He will be serving alongside Co-Heads and Vice Chairmen Ben Appel and Jay Miele, as well as Vice Chairman, Head of Healthcare Debt John Nero.
“We are thrilled to welcome Justin to Newmark,” said Chad Lavender, President of Capital Markets for North America. “His appointment is an example of Newmark’s strong position in the capital markets landscape. We’re poised to elevate our impact even further with Justin on board.”
Newmark’s U.S. Healthcare Capital Markets practice, established in 2021, has been a leader in institutional investment sales, joint venture equity, portfolio transactions, and debt placement. Including transactions previously completed by Shepherd, the team has advised on nearly $40 billion of healthcare real estate transactions since 2021.
Shepherd, based in the Irvine office, specializes in Medical Outpatient Building (MOB) and healthcare real estate sales, recapitalizations, joint venture equity, and financing across the country. He has facilitated over $20 billion in healthcare real estate transactions and advisory services in his 15-year career.
“Justin’s addition amplifies our capital markets offering and reinforces our commitment to recruiting top talent nationally,” said Nick DiPaolo, Executive Vice President and Southwest Market Leader.
Shepherd’s appointment is part of Newmark’s significant expansion in the Western US, which includes the hiring of market-leading multifamily advisors in the first quarter.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK) is a world leader in commercial real estate, offering a comprehensive suite of services and products tailored for each client, from owners to occupiers, investors to founders. With a global reach and market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of over $2.7 billion. To learn more, visit nmrk.com or follow @newmark.
Statements in this document about Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties. These include statements about the Company’s business, results, financial position, liquidity, and outlook. For a discussion of additional risks and uncertainties, see Newmark’s Securities and Exchange Commission filings.
SOURCE Newmark Group, Inc.
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