Newmark: Promotes Kevin McCabe to President, Western Region

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Newmark promotes Kevin McCabe to President, Western Region

October 12, 2021 4:00 p.m.

Market leader established to oversee operations and performance in the western half of the United States in a senior role

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October 12, 2021 4:00 PM

Newmark Group, Inc. announces the promotion of Kevin McCabe, a 35-year commercial real estate veteran, to President of the Western Region. Kevin, who previously served as Newmark’s executive vice president and regional general manager, will oversee all facets of the platform’s operations and performance in the western half of the United States.

“Kevin has proven to be a creative, decisive and forward-thinking leader, both on behalf of our clients and within our organization,” said Lou Alvarado, Director of Revenue at Newmark. “He has been instrumental in guiding Newmark’s growth in the United States and throughout Latin America, and we are delighted that he brings his expertise to this expanded role.

Kevin previously led the performance for the central region of the platform, where he successfully expanded client services in the areas of capital markets, tenant and landlord representation, global business services, site selection and single tenant net lease. He also oversaw 15 international offices covering Argentina, Brazil, Chile, Colombia, Costa Rica, Mexico, Panama, Peru and Puerto Rico. With a proven sense of operational excellence, Kevin will lead people development, training, recruitment and collaboration throughout the Western Region; Newmark’s revenue director Luis Alvarado manages the Eastern region of the platform.

“It has been incredibly rewarding to develop the Newmark platform nationally and internationally, and simultaneously grow as a professional during my 10 years with the company,” said McCabe. “I look forward to the next chapter of Newmark’s growth, especially as we invest in new technologies, service offerings and the recruitment of leading experts for our platform.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), along with its subsidiaries (“Newmark”), is a global leader in commercial real estate, seamlessly fueling every phase of the property lifecycle. Newmark’s full suite of services and products are uniquely tailored to suit every client, from owners to occupants, investors to founders, and startups to blue chip businesses. Combining the platform’s global reach with market intelligence in established and emerging real estate markets, Newmark provides superior service to clients across the industry. Newmark generated revenues of over $ 2.2 billion for the twelve months ending June 30, 2021. The offices owned by the Newmark company, as well as its business partners, operate from more than 160 offices with approximately 6,200 professionals worldwide. To learn more, visit nmrk.com or follow @newbrand.

Discussion of forward-looking statements regarding Newmark
Statements contained in this document regarding Newmark that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements regarding the effects of the COVID-19 pandemic on the business, results, financial condition, liquidity and prospects of the Company, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, perhaps materially, from what is currently expected. Except as required by law, Newmark assumes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in forward-looking statements, see Newmark’s Securities and Exchange Commission documents, including, but not limited to, the risk factors and the special note on Forward-looking information set out in these documents and any updates to these risk factors and the special note on forward-looking information contained in subsequent reports on Form 10-K, Form 10- Q or Form 8-K.

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Newmark Group Inc. published this content on 12 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on October 12, 2021 08:21:07 PM UTC.

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Sales 2021 2,557 million

Net income 2021 620 million

Net debt 2021

PER 2021 ratio 5.55x
Yield 2021 0.28%
Capitalization 2,819 million
2,819 million
Capi. / Sales 2021 1.10x
Capi. / Sales 2022 0.99x
Number of employees 4,100
Free float 79.1%

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