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Cushman & Wakefield Names John O’Neill President, U.S. Multifamily Capital Markets
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Rhea-AI Sentiment
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Rhea-AI Summary
Cushman & Wakefield (NYSE: CWK) has appointed John O’Neill as President of U.S. Multifamily Capital Markets, effective immediately. O’Neill previously led the firm’s U.S. Central region and will continue working from Atlanta. His focus will be on enhancing the multifamily capital markets service line and leveraging a strategic joint venture with Greystone, where CWK holds a 40% stake in Greystone’s Agency, FHA, and Servicing businesses. This move follows CWK's acquisition of Pinnacle Property Management Services, reinforcing its position in the multifamily sector.
Positive
John O’Neill appointed President of U.S. Multifamily Capital Markets, indicating strategic leadership changes.
40% stake in Greystone’s Agency, FHA, and Servicing businesses enhances CWK's multifamily investment capabilities.
Acquisition of Pinnacle Property Management Services positions CWK as a leading multifamily property manager.
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CHICAGO--(BUSINESS WIRE)--
Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announced John O’Neill has been appointed President, U.S. Multifamily Capital Markets, effective immediately. O’Neill most recently served as President of the firm’s U.S. Central region. He will continue to be based in the Atlanta office.
As President, U.S. Multifamily Capital Markets, O’Neill will oversee Cushman & Wakefield’s multifamily capital markets service line. Specifically, he will focus on accelerating and maximizing the firm’s recently finalized strategic joint venture with Greystone, which combines the respective companies’ leading multifamily investment sales and lending capabilities. With this joint venture, Cushman & Wakefield acquired a 40% stake in Greystone’s Agency, FHA and Servicing businesses.
“Appointing John in this important role demonstrates our commitment to positioning our clients for what's next by creating a seamless, full-service advisory experience within the multifamily sector,” said Andrew McDonald, Chief Executive, Americas, Cushman & Wakefield. “John’s leadership over the course of his tenure at our firm, both internally and in the broader U.S. Central region, has been exceptional to witness. We’re proud to continue putting our best people forward.”
The joint venture with Greystone expands Cushman & Wakefield’s presence in the multifamily sector. In early 2020, Cushman & Wakefield acquired Pinnacle Property Management Services, LLC, the third largest multifamily property management firm in the U.S., quickly establishing the firm as one of the largest multifamily property managers in the nation.
“The multifamily sector presents a tremendous opportunity for our firm, and I’m excited to grow our offerings and expertise in this space,” said O’Neill. “I look forward to working closely with Greystone’s professionals and their founder and CEO Stephen Rosenberg, as well as Cushman & Wakefield’s multifamily capital markets, asset services, and valuation & advisory teams to round out our portfolio of services.”
About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
