The Newmark team in the Carolinas has closed over $9 billion of multifamily investment sales in the last five years, including $2 billion in 2020.

Noteworthy achievements in 2020 include market-leading institutional sales volume since the onset of the pandemic, record-setting pricing/cap rates in several premier sunbelt submarkets, including Ballantyne (Charlotte), Cary/Morrisville (RDU) and Daniel Island (Charleston). The team began to modify their delivery process before the pandemic to help reduce prospective purchaser's travel requirements and drive additional value for seller clients.

The team reports they were fortunate to have been better prepared than others for the challenging sales transaction environment of 2020's 2nd quarter as a result of modifying their delivery process.