CUSHMAN & WAKEFIELD’S WHITMER TAPPED FOR N.J. APARTMENT SUMMIT
Nov. 2 Networking and Information Event Expected to Draw 300 Attendees
SUMMIT, N.J. – September 21, 2011 – (RealEstateRama) — Cushman & Wakefield, Inc.’s Brian Whitmer, CCIM, a director with the commercial real estate services firm’s Metropolitan Area Capital Markets Group, has been selected to speak at the first New Jersey Apartment Summit on Wednesday, Nov. 2. The full-day event will take place at the Grand Summit Hotel in Summit, N.J., featuring high-level information and networking opportunities; more than 300 people are expected to attend.
Whitmer will be a featured panelist among more than 40 New Jersey multi-family executives, including investors, developers, financiers, brokers, management and technology representatives. For more information, visit the event website at http://apartmentsummit.com.
Whitmer’s team is one of the tri-state area’s most successful investment sales and joint venture advisory groups, specializing in multi-family, office, industrial, and retail properties. To-date in 2011 the team has closed nearly $1 billion of sales. Whitmer, himself, has been directly involved in the marketing and sale of some 8,600 multi-family units since he joined Cushman & Wakefield in 2004. He also has established himself as an authority on the state of the multi-family market and has written several published articles on the subject.
“Anyone seeking a sense of optimism in the New Jersey commercial real estate market need look no further than the multi-family sector heading into the final months of 2011,” Whitmer said. “The best Garden State submarkets are hitting their stride and returning to strong, pre-recession fundamentals. The progress is tangible, and investors of all sizes – from the largest pension fund advisors to small private firms – are seeking to place funds in multi-family assets. This has lead to an appreciation of value due to competition amongst buyers, which has in-turn brought more sellers off the sidelines who are choosing to take advantage of the excess demand. We are seeing capitalization rates near record lows for both class A and B assets. Sales activity has noticeably picked up in the second half of 2011 as multiple communities valued in excess of $10 million have been brought to market in the third quarter versus only a few during the first six months of the year.”
Whitmer is a designee of the CCIM Institute, positioning him among an elite group nationwide. He is a member of NMHC, NJAA, serves as a co-chair of NAIOP’s Developing Leaders committee and is on ICSC’s Next Generation committee. He was named Cushman & Wakefield’s New Jersey “Rookie of the Year” in 2005.
Cushman & Wakefield’s Metropolitan Area Capital Markets Group has completed more than $15.2 billion worth of transactions since 2000. Its activity spans New Jersey, New York, Fairfield County, Conn., and Pennsylvania.
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Media Contact:
Evelyn Weiss Francisco: evelyn (at) caryl (dot) com, (201) 796-7788, www.twitter.com/carylcomm
