Anybody have any insight on ARA Newmark? I know NGKF has been making moves acquiring teams from C&W Boston/CBRE San Francisco/etc. Anybody have specific info on the ARA division? What is it like working there? working with them? Comp? Pros/Cons vs a CBRE/JLL/C&W? Future outlook? Would love to see more information about them on here.
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They do ok in my market. Small team. They sell apartments so you should be comparing them more to M&M.
Thanks for responding. In markets near me (east coast) CB/JLL/CW sell apartments too. some of the ARA listings I've seen look to be bigger/institutional sales more in line the big firms than an M&M, at least in terms of unit count. I also should clarify my questions pertain to multifamily capital markets as you were correct to point out.
Oh I see. Is your goal to be an Analyst or Broker?
Analyst
This varies market to market. They're strong in Texas, the Carolinas, Mid-Atlantic, Denver, and maybe in some other markets I don't cover.
What market? Their Mid-Atlantic team crushes it and their analysts get excellent underwriting/deal exposure. I know a few guys in their group and they don't really seem to have been affected by the Newmark acquisition, at least not in any negative way.
Big time CBRE BSD moved to ARA recently over here on the West Coast, but I still don't see a lot of large deals from them in the MF space.
Pros/cons of taking an analyst position at ARA over CB/JLL/CW? longer term goal is staying in multifamily investment sales or doing multifamily acquisitons at a REIT/REPE/Life Co/etc.
REstudent92
Pros: smaller company, perhaps less bureaucracy Cons: everything else
I wouldn't choose ARA over those three firms, regardless of the multifamily specialization.
Interesting. Newmark/ARA advertise themselves as the largest multifamily platform. I would have expected more pros to working there. More insight would be greatly appreciated!
Just because someone says they have big dick doesn't make it so. It is a brokerage shop though so it is hard to make sweeping statements on the company. It's much easier to share intel on them if you ask about their strength in certain markets.
One thing you have to keep in mind is that the strength of brokerage firms varies from market to market. (Well, usually with the exception of CBRE. They're great in every market.)
So in one place the top dogs are CBRE and C&W, in another it's CBRE and JLL, in another it's CBRE and Colliers, it another it's CBRE and NGKF, etc. This also varies within product types - one firm might dominate office and another retail - as well as specialties within each product type - when I was a broker, CBRE owned landlord rep office but JLL wast the leader in tenant rep. Culture can vary wildly between different teams and branches as well.
Point is, these questions are always very difficult to answer, both from an office culture perspective and a future outlook perspective. Better to try and figure out who the tops are and what the cultures are like in each market and go from there.
I am in one of ARA's strongest markets. The best exits I see from brokerage analysts are still from HFF/CBRE/JLL/Cushman... just my 2 cents.
Fair enough. I've never been a brokerage analyst, just inserting my own hot air!
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