Dallas, October 13, 2025
News Summary
Newmark Group, Inc. has acquired RealFoundations, a Dallas-based real estate managed services firm. This acquisition aims to expand Newmark’s Investor Solutions suite and enhance its fund and asset management capabilities, backed by a team of over 500 professionals. The new division will be branded as Newmark RF, focusing on growing recurring Management Services and servicing revenue to over $2 billion by 2029, while retaining leadership continuity from RealFoundations.
New York City
Newmark Group, Inc. (Nasdaq: NMRK), a publicly traded commercial real estate advisory firm based in New York City, has acquired RealFoundations, Inc., a Dallas-based real estate managed services firm. The purchase includes RealFoundations and its subsidiaries and affiliates and is intended to expand Newmark’s Investor Solutions suite and enhance its fund and asset management capabilities.
Key details
The acquisition brings a team of over 500 professionals who support 500 companies across the United States, Europe, and the Asia-Pacific region. RealFoundations is headquartered at 5050 Quorum Drive in Dallas and is known for providing professional services and consulting to the real estate sector. Core services include data management, performance analytics, transaction support, valuation services, and strategic consulting.
The RealFoundations leadership team will continue to manage the new division, branded as Newmark RF, preserving service continuity while integrating under the Newmark brand. Existing RealFoundations leadership named to continue managing the division include Chris Shaida (President), David Stanford (EVP of Growth), John Seaton (EVP of Revenue), Dan Sterk (EVP of Managed Services), and Phillip McCorkle (EVP of Management Consulting). Newmark RF will collaborate with Newmark’s existing leadership and capitalize on extensive capital markets relationships.
Strategic purpose and financial targets
The acquisition is positioned to grow Newmark’s recurring Management Services and Servicing revenue, with a company target to grow that revenue to over $2 billion by 2029. Newmark CEO Barry Gosin emphasized that the investment is directed at enhancing advisory and managed services that are in line with today’s institutional client complexities. Newmark COO Lou Alvarado noted that the acquisition of RealFoundations will improve integrated investment services for clients and deliver stronger performance and service.
Market reach and client base
RealFoundations is recognized as a premier partner for global investment managers and institutional investors. The deal expands Newmark’s global marketing reach by adding technology capabilities, consulting expertise, and a complementary client base that includes leading REITs and investment managers. RealFoundations’ professionals support a broad client roster across multiple regions, with services designed to assist institutional and investment management clients in operations, reporting, and performance optimization.
Operational integration
Under the acquisition, RealFoundations and its subsidiaries and affiliates will be incorporated into Newmark’s Investor Solutions ecosystem and operated as Newmark RF. Newmark expects the combined capabilities to enhance integrated investment services, deepen servicing relationships, and broaden managed service offerings. Chris Shaida, the Founder and CEO of RealFoundations, saw the move as a natural next step aligned with their commitment to client-focused solutions and leveraging Newmark’s global platform.
Financial terms and disclosure
The specific terms of the acquisition agreement were not disclosed. The acquisition announcement did not include purchase price or other financial details beyond the strategic objectives and the leadership and operational arrangements now in place.
Background
Newmark Group, Inc. operates as a publicly traded commercial real estate advisory firm headquartered in New York City. The company has been expanding services aimed at institutional clients, including Investor Solutions and managed services. RealFoundations has built a reputation as a managed services and consulting provider serving institutional and investment manager clients, with an established presence at 5050 Quorum Drive in Dallas and an emphasis on data, analytics, and managed operations.
The integration aligns with industry trends toward outsourcing of back-office functions and the consolidation of advisory and managed services under larger capital markets platforms. Newmark’s stated plan to grow recurring Management Services and Servicing revenue to over $2 billion by 2029 signals a strategic priority on predictable, fee-based income streams.
FAQ
Which companies were involved in the acquisition?
Newmark Group, Inc. (Nasdaq: NMRK), a publicly traded commercial real estate advisory firm based in New York City, has acquired RealFoundations, Inc., a Dallas-based real estate managed services firm.
What is included in the acquisition?
The acquisition includes RealFoundations and its subsidiaries and affiliates.
Where is RealFoundations headquartered?
RealFoundations, headquartered at 5050 Quorum Drive in Dallas, specializes in professional services and consulting for the real estate sector.
How many professionals and clients does RealFoundations have?
RealFoundations employs over 500 professionals who support 500 companies across the United States, Europe, and the Asia-Pacific region.
What services does RealFoundations provide?
Key services provided by RealFoundations include data management, performance analytics, transaction support, valuation services, and strategic consulting.
What is Newmark’s strategic goal for recurring revenue?
Newmark seeks to grow its recurring Management Services and Servicing revenue to over $2 billion by 2029.
How will the acquired business be branded?
The RealFoundations leadership team will continue to manage the new division, branded as Newmark RF, maintaining service continuity and expanding capabilities under the Newmark brand.
Were the terms of the deal disclosed?
The specific terms of the acquisition agreement were not disclosed.
| Feature | Detail |
|---|---|
| Acquirer | Newmark Group, Inc. (Nasdaq: NMRK), based in New York City |
| Acquired | RealFoundations, Inc., headquartered at 5050 Quorum Drive in Dallas |
| Employees | Over 500 professionals |
| Clients supported | 500 companies across the United States, Europe, and the Asia-Pacific region |
| Key services | Data management; performance analytics; transaction support; valuation services; strategic consulting |
| Division brand | Newmark RF |
| Revenue target | Grow recurring Management Services and Servicing revenue to over $2 billion by 2029 |
| Deal terms | The specific terms of the acquisition agreement were not disclosed |
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Additional Resources
- Dallas Express: New York Firm Acquires Dallas Real Estate Managed Services Company RealFoundations
- Dallas Innovates: Dallas Real Estate Managed Services Firm RealFoundations Acquired by NYC-Based Newmark
- Alternatives Watch: Newmark Acquisition of Real Estate Consulting Firm RealFoundations
- EQS News: Newmark Acquires Leading Real Estate Consulting and Managed Services Firm RealFoundations
- RE News: Newmark Group Acquires Real Estate Professional Services Firm RealFoundations
- Wikipedia: Newmark Group
- Google Search: acquisition of RealFoundations
- Google Scholar: RealFoundations acquisition
- Encyclopedia Britannica: real estate consulting
- Google News: RealFoundations acquisition
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