### Newmark Expands Multifamily Capital Markets Team with Key Hires from Eastdil
Newmark announced Wednesday the addition of seven esteemed multifamily advisors to its Capital Markets practice. The new hires—Joseph Smolen, Geoff Boler, Will Purcell, Jonathan Merhaut, Lee Redmond, Eve Loecher, and Eugene Chong—have joined from Eastdil Secured. Smolen, Purcell, and Loecher will be based in Newmark’s San Francisco office, while Boler, Merhaut, Redmond, and Chong will operate from Orange County.
Smolen and Boler, who join as executive vice chairmen, are recognized as leading multifamily advisors nationwide. They will play key leadership roles within Newmark’s multifamily sector and serve on the company’s Multifamily Advisory Council. Purcell and Merhaut have joined as vice chairmen, Redmond as a vice chairman specializing in multifamily financing, and Loecher and Chong as senior managing directors.
Collectively, Smolen, Boler, Purcell, and Merhaut bring an extensive transaction history, having facilitated over $100 billion in deals. Over the past seven years, they have accounted for more than 90% of multifamily sales in the Western U.S. for transactions exceeding $300 million, according to Newmark.
“Newmark has consistently invested in building the nation’s leading Multifamily Capital Markets provider, and these additions further strengthen our position,” said CEO Barry Gosin. “Multifamily is one of the most dynamic property types, and by continually expanding our expertise and global reach, we enhance our ability to deliver exceptional advisory and results for our clients.”
Additionally, Connect CRE has learned that a healthcare capital markets team is set to join Newmark. Further details will be shared as they become available.
