Brokerage firm Newmark has named Chad Lavender to president of capital markets for the company's operating businesses in North America as the brokerage works to expand the group.
The Dallas-based executive will serve on Newmark's executive committee, the corporate management steering committee and will report to the firm's newly formalized capital markets executive committee, which includes Rob Griffin, Douglas Harmon, Kevin Shannon and Adam Spies, who will together co-head the firm's U.S. capital markets group.
"Chad has an innate talent for leading and inspiring teams of top performers," Newmark CEO Barry Gosin said in a statement. "In this newly defined executive capital markets position and coupled with his passion for execution excellence to achieve the best on behalf of his clients, Chad's leadership contributions will enhance our capabilities and efficiencies as Newmark continues on its growth trajectory."
Like Elizabeth Hart, based in San Francisco, who was recently named president of leasing for North America for Newmark, Gosin said these new leadership roles emphasize the New York-based real estate services firm's approach for its next growth phase.
In his new role, Lavender is responsible for driving strategy and revenue growth of the capital markets business for every asset type, including industrial, multifamily, office, retail and alternative investment classes. He will advise on recruiting and retaining talented professionals to help enhance offerings to clients.
In hiring Lavender, Newmark formalizes its interdisciplinary capital markets committee, said Kevin Shannon, co-head of the firm's U.S. capital markets group, which centralizes its expertise from across the company to help its executives.
Prior to taking on his new role at Newmark, Lavender served as vice chairman and co-head of healthcare and alternative real estate assets group after joining the firm in 2019. In his career, he has completed more than $37 billion of investment sales, recapitalizations and debt and joint venture equity deals throughout the United States.
He also served as co-head of HFF's national healthcare group and an investment adviser with Apartment Realty Advisors' senior housing group prior to its acquisition by Newmark.