Newmark acquires RealFoundations to expand managed services

Newmark Group Inc. (NASDAQ: NMRK) announced the acquisition of RealFoundations Inc., a Dallas-based real estate consulting and managed services firm. The transaction enhances Newmark's Investor Solutions suite and fund management capabilities for institutional clients across the U.S., Europe and Asia-Pacific.

RealFoundations operates with more than 500 employees supporting 500 companies globally, providing data management, transaction support, performance analytics, valuation services and strategic consulting to investment managers and institutional investors. The firm offers technology and workflow systems for back-office functions and portfolio-level data visibility.

"We are investing in scaled advisory and managed services capabilities that match the complexity of today's institutional clients across the full asset lifecycle," said Barry Gosin, Chief Executive Officer of Newmark Group Inc. The acquisition advances Newmark's goal to grow recurring Management Services and Servicing revenue to more than $2 billion by 2029.

The acquisition strengthens Newmark's Managed Services division, which now includes more than 1,000 professionals worldwide. RealFoundations will operate as Newmark RF under the Investor Solutions group, maintaining service continuity while expanding geographic reach.

Chris Shaida, founder and CEO of RealFoundations, will serve as president of Newmark RF. The leadership team includes David Stanford as Executive Vice President of Growth, John Seaton as Executive Vice President of Revenue, Dan Sterk as Executive Vice President of Managed Services, and Phillip McCorkle as Executive Vice President of Management Consulting.

Transaction terms were not disclosed. G-Side Capital Advisors served as exclusive financial advisor to RealFoundations. Newmark RF's financial results will be included in the company's Management Services and Servicing businesses.

For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion. The company operates from 165 offices with over 8,400 professionals across four continents as of June 30, 2025.

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