Joseph Tufariello
NEW YORK CITY – Paul Massey's B6 Real Estate Advisors, a New York City-based investment sales and capital advisory firm, has spearheaded a hiring effort to expand its new capital advisory platform, which combines proprietary technology and a territory system, said Joseph Tufariello, president of capital advisory at the firm.
B6 has agents in 21 territories throughout the New York tristate area and half are unfulfilled with capital advisory agents. The firm has room to add 15 to 20 real estate professionals in New York and 5 to 10 in New Jersey.
Investment sales teams up with capital advisory agents in pairs, or more, to cover an established territory model focused on the New York metro area and New Jersey. They leverage B6's proprietary tech data platform, which features a nimble and adaptable base layer to maintain up-to-date, to service the full ecosystem of investment and capital advisory.
Data on the B6 platform is similar to but more granular than other widely known platforms on the market such as Real Capital Analytics and Property Shark. It includes information about which lenders are most active in the market, deals, contract terms, cap rates, and other nuances about specific territories.
"What we're trying to do is bring a lender's perspective to the brokerage business," Tufariello said. "We want our data to open up transparency for lenders to get active in those territories, and get the best terms for clients," he said.
B6′s territory system focuses on certain swaths of the market, but not exclusively. Through the cultivation of deep relationships in targeted submarkets, the firm has expanded to other areas in the city and allow brokers to service other deals outside their purview. The strategy has led to the growth of its platform, according to Tufariello. "We're better market experts because of our approach, and can work on a broader investment base, too," he said.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Mariah Brown
Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.
