Newmark Welcomes Justin Shepherd as New Co-Head of U.S. Healthcare Capital Markets Team

Newmark Strengthens Its Healthcare Capital Markets Team

In a notable shift in leadership within the commercial real estate industry, Newmark Group, Inc. has announced the appointment of Justin Shepherd as Co-Head and Vice Chairman of its U.S. Healthcare Capital Markets practice. This strategic move is aimed at fortifying the company’s standing in the healthcare sector and highlights their commitment to offering specialized services tailored for large institutional investors and global corporations.

Leadership Announcement

The announcement was made on March 12, 2025, by Chad Lavender, President of Capital Markets for North America at Newmark. Lavender expressed enthusiasm over Shepherd’s appointment, emphasizing that it illustrates Newmark’s superior position in the capital markets, particularly in the realm of alternative assets. He stated, “We are thrilled to welcome Justin to Newmark. His addition to the team showcases our strategic focus on specialization and exceptional execution capabilities.”

Shepherd joins an already accomplished team of leaders, including Ben Appel, Jay Miele, and John Nero, who have together been instrumental in Newmark's success since the inception of the U.S. Healthcare Capital Markets practice group in 2021. The team's past achievements include advising on nearly $40 billion in healthcare real estate transactions, affirming their industry leadership in sectors such as institutional investment sales and joint venture equity.

A Wealth of Experience

With over 15 years of experience in healthcare real estate, Shepherd has a proven track record of facilitating transactions valued at over $20 billion. His focus areas include Medical Outpatient Buildings (MOB), sales, recapitalizations, and financing across the United States. As he joins Newmark, he aims to leverage his extensive expertise to enhance the firm's capabilities in delivering innovative solutions to healthcare clients. “I am excited to join Ben, Jay, John, Michael, and Ron with the unified goal to deliver strategic and innovative solutions to our healthcare clients,” Shepherd noted.

The impact of Shepherd's appointment is expected to be substantial, especially considering Newmark's commitment to combining talent and strategic market insight to drive growth in the healthcare sector. Nick DiPaolo, Executive Vice President and Southwest Market Leader at Newmark, pointed out that Shepherd's leadership will amplify their capital markets offering and heighten their momentum as a national leader in healthcare services.

Growing Presence in the West

Shepherd's hiring is part of a larger strategy that includes significant expansions and talent acquisitions at Newmark. The past few months have seen the firm bolster its workforce with seasoned multifamily advisors and other leaders in various sectors. These efforts aim to secure a strong foothold in the rapidly evolving commercial real estate landscape, particularly within the Western U.S.

Newmark continues to strive for excellence by focusing on specialized expertise to cater to an increasingly diversified clientele. The company’s comprehensive suite of services ranges from advisory and transaction services to property management and market research, tailored uniquely for every client category—from startups to blue-chip companies.

Conclusion

As Newmark welcomes Justin Shepherd on board, there is considerable optimism for the future of the U.S. Healthcare Capital Markets team. With an enriched leadership and a robust strategy, Newmark is well-positioned to further enhance its role as a leading advisory firm in the healthcare real estate sector, continuing to navigate complex transactions and strategic partnerships while delivering exceptional value to clients. To learn more about Newmark and its array of services, visit nmrk.com.