Los Angeles, CA (February 27, 2023) — Newmark is pleased to announce that debt and structured finance veteran Anita Paryani-Rice has joined the firm as Executive Managing Director. With more than 25 years of commercial real estate experience, Paryani-Rice specializes in the origination of a full range of debt and structured finance products for multifamily, office, retail, hotel, industrial and other commercial assets nationwide, including Fannie Mae, Freddie Mac, CMBS, life company, bank, mezzanine and bridge/debt fund loan executions. Paryani-Rice is joined by Vice President David Fierroz who will work closely with her team to oversee underwriting, debt/equity placement and transaction management.
Paryani-Rice will partner with debt and structured finance Vice Chairman Darrin Stovall and Executive Managing Director Scot Snowball of Newmark’s Multifamily Capital Markets operation in Newport Beach, California as well as Newmark Investment Sales Teams across the U.S.
Paryani-Rice has placed and structured over $5 billion in capital through varying executions and capital structures throughout her career for a variety of property types.
“Anita’s expertise with middle market transactions ranging from $5 to $70 million and her deep relationships with a diverse base of clients including institutional and private clients, both foreign and domestic, align with Newmark’s commitment to continuously broaden the services we provide,” said Sharon Karaffa, Vice Chairman, Co-Head of Production of Newmark’s Multifamily Capital Markets group.
Stovall added, “Anita’s skill set with a significant focus on multifamily bridge debt executions and commercial property debt placement enables us to provide additional debt and equity products to our clients in addition to our superior agency execution. We are thrilled to have her join our team.”
“Newmark’s best in class talent, the synergies between the formidable investment sales and debt teams and the various lines of business as well as the top ranked GSE lender platform provide the opportunity to broaden my relationships, expand my lending network with direct access to Fannie Mae and Freddie Mac and best service my clients,” noted Paryani-Rice. “I am excited for this next chapter in my career, and I look forward to collaborating with the various Newmark professionals across the country.”
Paryani-Rice joins Newmark from Institutional Property Advisors, a division of Marcus & Millichap, where she was honored with numerous awards including “Rainmaker” by Real Estate Forum, Bisnow’s Power Women and “Women of Influence” by LA Biz Journal. Earlier in her career, she also spent time at HFF and Lincoln Property Company. Paryani-Rice is actively involved with the University of Southern California (USC) as part of the USC Lusk Center Executive Center, USC Associates and Cardinal and Gold. She also serves on the board for the Progressive Osseous Heteroplasia Association.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of approximately $2.7 billion for the year ending December 31, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 180 offices with nearly 6,700 professionals around the world.
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Statements 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 about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes 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 the forward-looking statements, see Newmark’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
