Forty under 40
12A — September 14 - 27, 2018 — M id A tlantic 6D August 24 - September 13, 2018 — — M id A tlAn ic
Real Estate Journal
Real Estate Journal
www.marejournal.com w .marejournal.com
40 U nder 40
If you could dine with anyone dead or alivewho would you choose? My Grandfather. What outside activities do you enjoy during you free time? Golf, and going to the beach. I try to play a round of golf each week. What inspiring word of advice would you give to a young executive What is your greatest pro- fessional accomplish- ment? My transaction volume has over doubled every year since starting with the firm in 2014. I’m on track to singularly close over $100 million in 2018. What is your most notable project, deal or transac- tion? Last month I closed on a $38,000,000 single tenant What is your most notable project, deal or transac- tion? Robert Towers, an 11-story, 206-unit multifam- ily building in East Orange, New Jersey. The property sold for $22 million, which equals roughly $107,000 per unit. We leveraged our platform and process, generated significant in- terest from over 100 inves- tors from 15 offices across the country, created a
What is your greatest professional accomplish- ment? Achieving Marcus & Mil- lichap’s NJ Top Broker Award on four occasions. What inspiring word of advice would you give to a young executive graduating from college today?
Alan Cafiero First VP Investments Marcus & Millichap Years with company/firm: 11 Years in field: 11 Years in real estate industry: 11 Real estate organizations/affiliations: ICSC Michael Lombardi First VP Investments Marcus & Millichap Years with company/firm: 13 Years in field: 13 Years in real estate industry: 13 Real estate organizations/affiliations: ICSC
Eric Seidel VP, Capital Markets Marcus & Millichap Capital Corp. Years with company/firm: 8 Years in field: 8 Years in real estate industry: 8 Real estate organizations/affiliations : MBA Karly Iacono Associate Director National Retail Group Marcus & Millichap Years with company/firm: 4 Years in field: 4 Years in real estate industry: 14 Real estate organizations/affiliations: ICSC, Pipeline
Set a goal, create a path or have a vision and then every day take action to build toward that goal, path or vision. College : Ramapo College of NJ
graduating from college today? Make sure you pursue a career that you are seriously interested in. Once you decide, commit and do not look back.
What is your greatest pro- fessional accomplish- ment? Working my way up from the bottom. I knew absolutely nothing about commercial real estate when I started 11 years ago. I was fortunate to have two excellent role models/mentors when I started my career (Mike Fasano and Ben Sgam- bati) who taught me the right way to approach the business which I still try to carry out to this day.
office building which represents one of the largest single tenant asset sales in the market this year. This transaction was highly confidential and subject to a very complex debt structure. College : Washington & Lee
What is your greatest professional accomplish- ment? One of my greatest pro- fessional accomplish- ments is continuing to be a top ten producer in our New Jersey office year after year and still being in my late twenties. It’s very difficult to ac- complish this solely, unless you’re on a successful team but I was able to achieve it with the help and support of Brian Hosey (My regional manager). What is your most notable project, deal or transaction? My most notable deal is a 79 micro unit development in Journal Square, Jersey City. It will make a great impact to the neighborhood, like the rest of the large developments in Journal Square. I’m proud to be able to be a part of that gentrification and continue to see Jersey City grow. Jonathan Zamora Senior Associate Marcus & Millichap Years with company/firm: 5 Years in field: 5 Years in real estate industry: 5 Real estate organizations/affiliations: National Multi Housing Group What unique qualities and or personality do you feel makes you most success- ful in your profession? Staying even keel is a quality that I believe is crucial because there are so many ups and downs. If you allow your emotions to get the better of you in the daily roller coaster of commercial real estate, you will not be able to be at your best day in and day out.
Richard Gatto Associate Investments Marcus & Millichap Years with company/firm: 3 Years in field: 3 Years in real estate industry: 3 Real estate organizations/affiliations: National Multi HousingGroup / New Jersey Apartment Association
competitive bidding environment and generated 17 offers in 30 days, includ- ing five from out-of-market buyers. We were also able to arrange $19.8 million in acquisition financing through Marcus and Millichap Capital Corporation. What unique qualities and or personality do you feel makes you most successful in your profession? It’s a combination of growing up in an entrepreneurial de- velopment family and spending 15 years on wall street in institutional sales and trading that gives me the ability to understand intricacies of a deal from both a financial and mechanical prospective. This allows me to convey in a clear and concise manner, how investors can generate above average returns in a deal.
What is your greatest professional accomplishment? Was able to close nearly quarter billion in transac- tions under 5 years in the brokerage business What is your most notable project, deal or transaction? Running a precise marketing process to close over 525 units and 4 office buildings in 2018. Who or what has been the strongest influence in your career? Working for Joe Sitt at Thor Equities. Tell us how and when you began your career in the profession you are in, about your current position and why you choose the field/profession you are in today? I began my career on the owner- ship side as a property accountant right out of college, then became an Analyst and got promoted to an Asset Manager. After 8 years of ownership experience I’ve decided to go in to Brokerage to control my own destiny on my career. What challenges and or obstacles do you feel you needed to overcome to become as successful
Fahri Ozturk Vice President
Marcus & Millichap Years with company/firm: Almost 2 Years in field: 4 Years in real estate industry: 12
as you are today? I had to work hard, have patience and resilient to become successful. Who do you feel was most influential in your life when choosing this profession? Paul Massey What outside activities do you enjoy during you free time? Traveling and playing soccer or basketball What inspiring word of advice would you give to a young executive graduating from college today? “If there is a will, there is a way.” What is your number one career goal for 10 years from now? Be the number one trusted brokerage team in our market. Name one thing people would be surprised to know about you: I own a hobby farm in Warren County with 30+ farm animals.
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