CBRE Strengthens Southern California Multifamily Acquisitions Team – Commercial Observer

CBRE (CBRE) is preparing for multifamily transactions in Southern California.

On Wednesday, the brokerage announced that it had added a new group to its residential investment sales team. New crew commanded by Rachel Parsons AND Darek Ostrzyżek will focus on sales of condominiums and multi-family investments/capital increases throughout the region.

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CBRE joined the team Berkadiaand has completed nearly $7 billion in multifamily transactions since 2018.

“(Parsons) and (Ostrzyzek’s) deep knowledge of the Southern California markets and proven experience will be invaluable to our clients’ needs and future growth in this $10 billion market.” Kelli Carhartmultifamily capital markets leader at CBRE, said in a statement.

Parsons has more than 20 years of industry experience and has completed more than $12 billion in multifamily transactions involving more than 40,000 units, according to CBRE. She spent 17 years at CBRE before taking up positions at Berkadia and Moran and co.

According to CBRE, Ostrzyzek has over 18 years of experience in the industry, during which he was involved in the sale of multifamily transactions valued at $12 billion. He also previously worked for Moran & Company and Invesco Real Estate as well as Berkadia.

“Multifamily investments continue to be a favorite among both U.S. and international commercial real estate investors,” Ostrzyzek said. “With billions of dollars of dry powder ready to deploy, our team is excited to be part of the largest commercial real estate services and investment firm in the world.”

Gregory Cornfield can be reached at: [email protected].