Newmark Hires Shivu Srinivasan as Senior Managing Director to Expand San Francisco Multifamily Real Estate Platform

Newmark (Nasdaq: NMRK) has hired Shivu Srinivasan as Senior Managing Director in its San Francisco office, the firm announced May 20, 2026. Srinivasan, a multifamily real estate investment sales advisor with more than a decade of experience in acquisitions and dispositions across Northern California, will focus on strengthening Newmark's multifamily private capital platform in the Bay Area and surrounding markets.

A Track Record Spanning Northern California Multifamily Real Estate

Srinivasan brings experience across value-add, core, and core-plus multifamily properties throughout the Greater San Francisco Bay Area, the I-80 Corridor, Sacramento, and the Central Valley. According to Newmark, he has consistently achieved top-of-market valuations and has ranked among the region's most active brokers in private client and mid-market multifamily transactions.

His notable transactions include the $42.8 million sale of the Temescal/Pepperwood Apartments portfolio in Davis, the $19.8 million sale of Vermont Hills in Hayward, and the $15 million sale of Summerhill Place in Union City.

Newmark's Multifamily Investment Sales Expansion

Jon Mackey, Newmark Executive Managing Director and Market Leader, described the hire as a move to deepen the firm's footprint in the Northern California multifamily market.

"Shivu is among the top rising brokers in Northern California's multifamily segment and brings deep local market expertise, proven execution capabilities and strong relationships with private clients and investors that will further strengthen our multifamily private capital platform in San Francisco and across the Bay Area," Mackey said. "His experience navigating complex transactions in supply-constrained submarkets, combined with his track record of delivering results, positions him to help clients uncover opportunities and execute high-value acquisitions in today's evolving environment."

Srinivasan cited the firm's advisory capabilities as a factor in his decision to join. "Newmark has built a strong reputation for delivering thoughtful, client-focused advisory across the capital stack," he said. "I'm excited to join the firm and leverage my relationships, local market knowledge and transaction experience to help clients identify opportunities, navigate market conditions and achieve their investment objectives in Northern California."

Northern California Multifamily Market Context

The hire comes as Newmark Research points to improving conditions in the Northern California multifamily sector. According to the firm's second-quarter 2025 U.S. Multifamily Capital Markets Report, several West Coast markets have posted notable gains in investment activity, supported by limited new supply deliveries and strong underlying housing demand. Newmark notes that favorable long-term demographics in the Bay Area and surrounding regions continue to support investor interest in the asset class.

About Newmark

Newmark Group, Inc. (Nasdaq: NMRK) is a commercial real estate services firm. For the twelve months ended March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of that date, Newmark and its business partners operated from more than 185 offices with more than 9,600 professionals across four continents.

Newmark undertakes no obligation to update any forward-looking statements except as required by law. Statements regarding future business results are subject to risks and uncertainties as described in the company's SEC filings.

Sources

Newmark Press Release: Newmark Adds Multifamily Investment Sales Advisor Shivu Srinivasan as Senior Managing Director in San Francisco