(To read more on the multifamily market, click here, and to read more on the debt and equity markets, click here.)
DENVER-Mike Easter, formerly the transaction manger for Apartment Realty Advisors, today announced his departure to join the Denver office of CBRE /Melody, where he will be a vice president in charge of the group's multifamily lending.
"Eric Tupler, who heads the office, was very persuasive," Easter tells GlobeSt.com. He joined ARA when Doug Andrews and Jeff Hawks, the most successful apartment brokers in Denver's history, founded the company nearly four years ago. Prior to that, he worked with Marcus & Millichap.
Easter tells GlobeSt.com that he had received his master's degree from the University of Denver and "was looking to make a change in the industry. I had kind of worked my way up at Apartment Realty Advisors. It's a small shop so I had no other place to go, and I wanting to take advantage of a different part of the industry."
Also, his new position doesn't compete with ARA, he tells GlobeSt.com. "I had such a great relationship with the guys at ARA and have such respect for them, I wanted to be able to continue that relationship with them," he tells GlobeSt.com. "In fact, we'll be able to help them quite a bit with their clients by helping them get financing for apartment community purchases."
Tupler notes that while the company is owned by CBRE, it is not tied to working only with CBRE brokers. In fact, very little of their business involves brokers from the parent company, he says. Last year, the company handled $17.8 billion in nationwide transactions, and Tupler was one of the company's top performers.
Tupler tells GlobeSt.com that he and Baxter Fain will concentrate on the commercial side. "We think we have created something unique and different in the market, and we will be able to better server our clients by doing so," Tupler tells GlobeSt.com. "We really like Easter because of his financial aptitude, and we like that he really understands the basics. He learned a lot about the implementation and execution of debt, financing and lending in his role at ARA."
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