Newmark Group Inc. has hired industry expert Justin Shepherd as co-head and vice chairman of its U.S. Healthcare Capital Markets practice, serving alongside co-heads and vice chairmen Ben Appel and Jay Miele as well as Vice Chairman, Head of Healthcare Debt John Nero.
“We are thrilled to welcome Justin to Newmark,” said Chad Lavender, president of capital markets for North America . “His appointment is yet another example of Newmark’s leading capital markets position in both alternative assets and the market landscape at large. We have been very successful in the healthcare sector, serving as a testament to our strategic focus on specialization and exceptional execution capabilities, and with Justin on board, we’re poised to elevate our impact even further.”
Based in the firm’s Irvine office, Shepherd specializes in Medical Outpatient Building (MOB) and healthcare real estate sales, recapitalizations, joint venture equity and financing across the country. Throughout his 15 years of experience, he has facilitated over $20 billion in healthcare real estate transactions and advisory services.
With leaders in Philadelphia, New York, Boston, San Diego and Los Angeles, the team has transacted in nearly every U.S. state, including arranging some of the most notable healthcare real estate joint venture, portfolios and single asset trades. Including transactions previously completed by Shepherd, the team will have collectively advised on nearly $40 billion of healthcare real estate transactions since 2021, with clients including some of the largest and most successful REITs, funds, advisors and LPs domestically and globally.
Shepherd’s appointment furthers Newmark’s significant momentum in the Western U.S.
