RealFoundations team: Back Row, left to right: Chris Shaida and David Stanford. Front Row: John Seaton, Dan Sterk and Phillip McCorkle. All five join Newmark in leadership roles under the Newmark RF brand, bringing decades of experience in strategy, operations, technology and client advisory to the company. [Photo: Newmark]

Global commercial real estate advisory firm Newmark Group Inc. (Nasdaq: NMRK) has acquired RealFoundations Inc. and its subsidiaries and affiliates, a global professional services firm focused solely on the real estate industry via its Dallas-based management consulting and managed services offering.

RealFoundations, headquartered at 5050 Quorum Drive in Dallas, has more than 500 employees supporting 500 companies in the U.S., Europe, and Asia-Pacific. Newmark said the Dallas company has earned a reputation as the gold standard partner to global investment managers and institutional investors, providing data management, transaction support, performance analytics, valuation services, and strategic consulting.

Terms of the deal were not disclosed.

“Joining Newmark is a natural next step for our firm,” RealFoundations founder and CEO Chris Shaida said in a statement. “We share a commitment to delivering intelligent, client-focused solutions, and with Newmark’s global platform and client relationships, we’re poised to broaden our impact and deepen our client relationships.”

The acquisition accelerates the expansion of New York-based Newmark’s investor solutions suite, enhancing its ability to deliver market-leading fund and asset management capabilities for institutional clients across the U.S., Europe and Asia-Pacific, Newmark said.

“We’re investing in scaled advisory and managed services capabilities that match the complexity of today’s institutional clients across the full asset lifecycle,” Barry Gosin, CEO of Newmark Group and chairman of Newmark & Co. Real Estate, said in a statement. “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.”

Boosting ‘speed, efficiency, and insight’

RealFoundations’ differentiated technology and end-to-end workflow systems allow clients to scale their back-office functions while gaining real-time visibility into portfolio-level data, the company said.

“RealFoundations’ consulting and managed services strengthen our ability to offer clients integrated investment services that support performance and client service delivery,” Newmark COO Lou Alvarado said in a statement. “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.”

Newmark said the investment strengthens its Managed Services for its investor clients that 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 at 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, the company said.

Leadership and rebranded Newmark RF

According to Newmark, the RealFoundations leadership team will continue to lead the business branded as Newmark RF, part of Newmark’s Investor Solutions group, maintaining service continuity while expanding its geographic reach and capabilities under the Newmark brand.

It said that joining the leadership team alongside Newmark RF President Shaida is EVP of Growth David Stanford, EVP of Revenue John Seaton, EVP of Managed Services Dan Sterk, and EVP of Management Consulting Phillip McCorkle.

Newmark RF has additional offices in Atlanta, Chennai, India; Chicago, Denver, Hong Kong, London, Melbourne, Australia; New York, and Orange County, California.

The company said that together, that group brings decades of experience in strategy, operations, technology, and client advisory for the world’s leading real estate owners, operators, and investors. The group will work collaboratively with Ania Jastrzebska, senior managing director of Global Managed Services, while leveraging Newmark’s extensive capital markets relationships and track record of recent growth.

Newmark said it significantly increased the U.S. market share of its Capital Markets business over the past 10 years, as it almost tripled its investment sales market share and grew its percentage of commercial and multifamily originations by a multiple of six since 2015.

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