ATLANTA—David Wagner, a 23-year commercial real estate veteran and industry leader, has joined CBRE Atlanta's office. He comes on board as vice president of the Southeast Multifamily team, which includes Malcolm McComb, Kevin Geiger, Paul Berry, Ashish Cholia and Shea Campbell. He's hitting the ground running.
“Atlanta continues to experience population and job growth, increasing the demand for multifamily space,” Wagner tells GlobeSt.com. “CBRE Economic Advisors reported a lower-than-average vacancy rate, 5.1% for Q3 2016. The market has responded to the demand in a healthy way, adding supply at a consistent rate, yet avoiding overbuilding. With the continued population growth and strong economic fundamentals in Atlanta, we will remain a promising option for multifamily investment.”
Wagner is the proverbial multifamily swing man. He has served in just about every imaginable multifamily real estate role, beginning his real estate career while in graduate school interning with Ben Carter & Associates.
Wagner launched into the multifamily sector at Sentinel Real Estate Corporation, leasing apartments for $7 an hour plus commission. Shortly after, in 1995 he landed with Harmony Properties as an assistant property manager, eventually moving to the corporate office and taking over acquisitions, project management, IT systems, and more.
“It was a privately held company so we all wore a lot of hats,” says Wagner. “It's really where I cut my teeth in real estate. With each acquisition I was involved in every aspect of the investment, learning and working alongside accomplished professionals. Understanding the real estate from the top down and the acquisition process from both sides of the table creates value that our clients really appreciate. Clients come first, always.”
Looking to shake things up after spending more than a decade acquiring, renovating, and repositioning deals, Wagner got into brokerage with Cushman & Wakefield. After a short stint back on the owner's side with Cortland Partners during the recession, he joined HFF in 2012.
“Dave's ability to see a transaction for angles others cannot, and to spot a solution ahead of a problem, will undoubtedly build advantage for our multifamily clients,” says David Lanier, CBRE's Atlanta senior managing director. “Dave will be able to assist us in building the market share of middle market transactions, as well as an expertise in workforce housing.”
Have you heard of the “two percent” problem in the housing market? Check out my recent column.
ATLANTA—David Wagner, a 23-year commercial real estate veteran and industry leader, has joined CBRE Atlanta's office. He comes on board as vice president of the Southeast Multifamily team, which includes Malcolm McComb, Kevin Geiger, Paul Berry, Ashish Cholia and Shea Campbell. He's hitting the ground running.
“Atlanta continues to experience population and job growth, increasing the demand for multifamily space,” Wagner tells GlobeSt.com. “CBRE Economic Advisors reported a lower-than-average vacancy rate, 5.1% for Q3 2016. The market has responded to the demand in a healthy way, adding supply at a consistent rate, yet avoiding overbuilding. With the continued population growth and strong economic fundamentals in Atlanta, we will remain a promising option for multifamily investment.”
Wagner is the proverbial multifamily swing man. He has served in just about every imaginable multifamily real estate role, beginning his real estate career while in graduate school interning with Ben Carter & Associates.
Wagner launched into the multifamily sector at Sentinel Real Estate Corporation, leasing apartments for $7 an hour plus commission. Shortly after, in 1995 he landed with Harmony Properties as an assistant property manager, eventually moving to the corporate office and taking over acquisitions, project management, IT systems, and more.
“It was a privately held company so we all wore a lot of hats,” says Wagner. “It's really where I cut my teeth in real estate. With each acquisition I was involved in every aspect of the investment, learning and working alongside accomplished professionals. Understanding the real estate from the top down and the acquisition process from both sides of the table creates value that our clients really appreciate. Clients come first, always.”
Looking to shake things up after spending more than a decade acquiring, renovating, and repositioning deals, Wagner got into brokerage with Cushman & Wakefield. After a short stint back on the owner's side with Cortland Partners during the recession, he joined HFF in 2012.
“Dave's ability to see a transaction for angles others cannot, and to spot a solution ahead of a problem, will undoubtedly build advantage for our multifamily clients,” says David Lanier, CBRE's Atlanta senior managing director. “Dave will be able to assist us in building the market share of middle market transactions, as well as an expertise in workforce housing.”
Have you heard of the “two percent” problem in the housing market? Check out my recent column.
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