Newmark Acquires Leading Real Estate Consulting and Managed Services Firm, RealFoundations
1. Newmark acquires RealFoundations to enhance investor solutions capabilities. 2. The acquisition aims to grow recurring Management Services revenue to over $2 billion by 2029. 3. RealFoundations brings advanced technology and a strong client base in real estate. 4. Newmark aims to improve asset management services across U.S., Europe, and Asia-Pacific. 5. The leadership team from RealFoundations will integrate into Newmark's existing structure.