Newmark Group, Inc. has announced the appointment of Sharon Karaffa as president of Multifamily Debt & Structured Finance. She will be succeeding Jeff Day, who is currently the chief strategy officer and president of Multifamily Capital Markets and will retire on December 31, 2023. Along with Chad Lavender, president of North America Capital Markets, Karaffa will oversee the division.
With over two decades in the industry and previous experience at Fannie Mae where she oversaw growth in credit facilities, Karaffa brings a wealth of knowledge to her new role at Newmark. Under her leadership thus far, there has been a significant increase in investment sales volume financed through their debt platform by 28%.
Day expressed his gratitude for being part of such a rapidly growing global commercial real estate services firm over the years stating that it is an experience he will always cherish. During his tenure as head of Newmark’s Multifamily Capital Markets division they reached $70 billion in annual transaction volume and he played an integral role in spearheading strategic initiatives and technology plans.
The announcement from Newmark regarding their new MF leadership team can be found on Connect CRE’s website.
