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Cushman & Wakefield Expands Capital Markets and EDSF Services with Addition of David Lancaster

1. Dave Lancaster joins CWK as Executive Managing Director for EDSF platform. 2. Lancaster's expertise targets a $500 billion residential home building market. 3. CWK expands capital markets advisory for production home builders. 4. Increased complexity in the single-family debt market drives advisory demand. 5. CWK reported $9.5 billion in revenue in 2023, showing strong performance.

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FAQ

Why Bullish?

Lancaster's role expands CWK's services in a growing market, potentially increasing revenues.

How important is it?

Lancaster's experience strengthens CWK's market position, impacting future earnings opportunities.

Why Long Term?

Enhanced services could lead to sustained client acquisition and revenue growth over time.

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CWK
January 21, 2025 04:00 PM Eastern Standard Time CHICAGO--(BUSINESS WIRE)--Cushman & Wakefield announced today that Dave Lancaster joined the firm as Executive Managing Director in the firm’s Equity, Debt & Structured Finance (EDSF) platform. Based in Chicago, Lancaster will lead Equity, Debt & Structured Finance services focused on capital markets advisory for production home builders throughout the U.S. Residential home building is a more than $500 billion market, with builders constructing approximately 1.4 million homes annually in the U.S. The industry includes an estimated 63,000 production home builders. “Dave brings a wealth of experience to help us better serve a growing market and provide critical capital markets advisory to home builders and developers,” said Rob Rubano, U.S. Head of EDSF at Cushman & Wakefield. “What’s more, Dave’s addition demonstrates our commitment to growing our Capital Markets and EDSF platforms and innovating to expand our services. “As the single-family residential debt market has become increasingly complex and fragmented, homebuilders have grown to need more sophisticated capital advisory in locating and structuring debt,” Rubano continued. “Additionally, builders are exploring new off-balance sheet land acquisition and lot development strategies, and for the production home builder’s capital stack, we can provide market-leading advisory services to address an evolving market and connect the dots.” Lancaster joins Cushman & Wakefield from Tile Capital, where he was a Founding Principal of the Palo Alto-based family office commercial real estate capital advisory firm. He also has served as a loan originator for Builders Capital, the largest private lender to home builders in the country; the President and Chief Investment Officer of a real estate related family office; a senior banker at JPMorgan, UBS and Boston Private; and a Director at Carmel Partners, a real estate private equity firm in San Francisco. He is a graduate of Vanderbilt University. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

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