
CBRE today announced two new strategic hires to bolster its industry-leading Tri-State Institutional Properties Group. Fahri Ozturk and Richard Gatto have joined CBRE as Senior Vice Presidents and partners of a team of seasoned real estate professionals headed by CBRE Vice Chairman Jeffrey Dunne. The team specializes in the sale and recapitalization of office, apartments, retail, industrial and development sites in the New York Tri-State region.
“Fahri and Rich are two stars on the rise in our industry and we are extremely pleased to have them join our team,” said Mr. Dunne. “Even during the many challenges the industry faced during the pandemic, Fahri and Rich were prolific in the type of real estate deals they were able to complete in the service of their clients.”
“Our Institutional Properties Group services a prestigious client base of institutions, corporations, private investors, developers and REITs and we pride ourselves on having the best people on our team,” said Jeremy Neuer, who serves as an Executive Vice President. “Fahri and Rich will not only enhance our brand, but increase our market share in the multifamily space where many investors are highly focused.”
During the past 16 years Mr. Ozturk has developed long-term, trusted relationships with many of the most active multifamily and office operators in the Tri-State region that include high net-worth private clients and institutional investors. Prior to his tenure with Marcus & Millichap, Mr. Ozturk was a Director in the Capital Markets Group of Cushman & Wakefield, where he focused on investment sales in New Jersey’s Hudson County. Before focusing on brokerage, he held various positions at commercial real estate firms including Thor Equities, Macklowe Properties and Broadway Partners.
Mr. Ozturk earned his Master of Science degree in Real Estate Finance and Investments from New York University and his Bachelor of Arts degree in Finance and Investments from Baruch College’s Zicklin School of Business.
“Our clients have grown tremendously within the last several years and our new partnership with CBRE will enable us to support our clients continued growth,” said Mr. Ozturk. “CBRE’s unmatched resources and partnering with Jeffrey Dunne, a true market leader, is a big win for our clients.”
Mr. Gatto focuses on investment sales in Northern New Jersey, with a specialization in multifamily, mixed-use, development and office properties. During his two-decade career, he has developed an unsurpassed reputation and has built trusted relationships with many of the most active multifamily owners and operators in New Jersey, including high net-worth private clients, family offices and institutional investors.
Mr. Gatto is an active member of the National Multi Housing Group, New Jersey Apartment Association, New Jersey Builders Association, and the National Association of Homebuilders.
“We’re extremely excited for the opportunity to join CBRE and partner with two investment sales legends,” noted Mr. Gatto. “Jeff and Jeremy have built one of the top producing investment sales teams worldwide, having completed in excess of $35 billion in sale transactions. This partnership allows us to enhance the value and scope of services we can provide our clients as they continue to grow in the marketplace.”