NEW YORK, Aug. 20, 2013 /PRNewswire/ -- NGKF Capital Markets continues to deepen its expertise in niche commercial real estate segments, most recently welcoming self storage veterans Aaron Swerdlin, as executive managing director to lead the company's national Self Storage Group, and Kenneth Cox, as senior managing director. The team, which has handled more than $5 billion in self storage transactions, will work with capital markets professionals throughout the country to steer the direction of the specialty practice and build strategies to take advantage of opportunities in this fast-growing commercial real estate sector.
"Savvy investors are looking for more than just a commercial real estate broker," said Jimmy Kuhn, president of Newmark Grubb Knight Frank (NGKF) and head of NGKF Capital Markets. "Whether we are talking about hospitality, multi-housing, health care, gaming or any other industry sector, our clients expect in-depth knowledge about their target markets and product types. We continue to enhance our platform so that we are equipped to most effectively assist REITs, institutional investors and private investors who have diverse needs, and are committed to hiring the best in the business to help them make intelligent decisions about their real estate portfolios.
"Aaron and Kenneth are recognized leaders in the self storage space," Mr. Kuhn continued. "Their knowledge and long-standing relationships are invaluable for clients exploring this alternative asset class. We couldn't be more pleased to have them on board and are confident they will help us build a highly successful self storage practice."According to the Self Storage Association, there were approximately 50,000 primary self storage facilities in the United States and another 4,000 secondary facilities at the end of 2011, equating to 2.3 billion square feet of space. Mr. Swerdlin points out that the full suite of services offered by NGKF, including investment sales, transaction management, debt placement, proprietary lending, and appraisal and valuation advisory services, equips his team to address any client need in this niche sector. Mr. Swerdlin said, "Couple NGKF's position as the preeminent real estate services provider with the powerful platform of its parent company, BGC Partners, Inc., and relationships with Cantor Commercial Real Estate and Cantor Fitzgerald Investment Banking, and we are in the unique position of serving as a single source for a solitary property sale transaction, a national enterprise monetization, and everything in between.