Highly regarded team will expand firm's debt and equity service offerings in New Jersey
MORRISTOWN, NJ, May 10, 2016 /PRNewswire/ - Jeffrey Heller, Avison Young Principal and Managing Director of the company's New Jersey office, announced today that highly regarded debt and equity professional George Gnad has joined the firm in New Jersey, along with Jonathan Kristofich and Michael Winters.
Effective immediately, Gnad becomes a Principal of Avison Young while Kristofich and Winters join as a Vice-President and Senior Associate, respectively, in the firm's New Jersey office. Gnad will lead Avison Young's debt and equity efforts in New Jersey, working closely with his colleagues in New Jersey and across the Tri-State region.
"George, Jonathan and Michael are great additions to our New Jersey team," comments Heller. "George is a proven industry leader in the debt-and-equity arena. Furthermore, his extensive industry background, significant experience and impressive client roster make him uniquely qualified to expand our full-service offerings to include debt and equity in New Jersey. This team will be a benefit to our office and our clients as we expand our local market presence."
Gnad, who previously served as a director at Cushman & Wakefield, and its predecessor, Massey Knakal Realty Services, is an industry leader in the debt and equity arena – having spent more than 25 years as a front-line portfolio lender. Prior to that, Gnad was head of U.S. real estate at Bayern LB, a major German real estate bank where he was responsible for a team of 20 banking professionals, originating more than $10 billion of commercial mortgages. Major clients include Blackstone 360, Real I.S. AG, The Related Companies, Prism Capital Partners, Alkova Companies, Capodagli Property Group, and Vision Equities.
Kristofich, who was previously a director at Cushman & Wakefield and Massey Knakal, underwrote more than 100 buildings with an aggregate value in excess of $250 million with the assistance of Winters during his tenure at Cushman & Wakefield.
"Having George, Jonathan and Michael join Avison Young is the latest example of our firm's continuing success in attracting top industry talent who are seeking to benefit from our culture of collaboration and partnership," states Arthur Mirante, Avison Young's Principal and President of the Tri-State region. "In addition to their extensive debt and equity experience, the team's diligent work ethic will be key to the continued expansion of our full-service platform, as well as the overall growth of our business in the Garden State."
Since entering the New York City market in 2012, Avison Young has rapidly expanded its Tri-State market presence. The firm has opened offices in New Jersey, Long Island and Fairfield/ Westchester in addition to New York City, and has experienced rapid growth through a series of high-profile hires and strategic acquisitions.
"The opportunity to contribute to a firm's partnership model and expand the debt and equity practice to New Jersey provides an extraordinary platform for my colleagues and me," says Gnad. "Working with Jeff Heller and the fantastic team he has assembled, in addition to our new debt and equity colleagues in New York, will benefit our group and clients both nationally and globally."
Gnad holds a Bachelor of Business Administration from Baruch College as well as a Master of Business Administration in finance from Seton Hall University. He is a current sponsorship chair of the Urban Land Institute's (ULI) New Jersey chapter and the former national chair of the Real Estate Lenders Association (RELA).
Kristofich is a graduate of Manhattan College and earned his Master of City and Regional Planning from the Edward J. Bloustein School of Rutgers University. Winters earned his Bachelor of Science degree in business administration from Northeastern University.
Over the past seven years, Avison Young has grown from 11 to 77 offices and from 300 to more than 2,200 real estate professionals in Canada, the U.S., Mexico and Europe.
Avison Young is the world's fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,200 real estate professionals in 77 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial and multi-family properties.
For further information/comment/photos:
- Arielle Herzfeld, Senior Director of Marketing, Tri-State, Avison Young: 212.729.7465
- Sherry Quan, Principal, Global Director of Communications & Media Relations, Avison Young: 604.647.5098; mobile: 604.726.0959
- Jeffrey Heller, Principal and Managing Director, New Jersey, Avison Young: 973.753.1100
- Mark Rose, Chair and CEO, Avison Young: 416.673.4028
- Earl Webb, President, U.S. Operations, Avison Young: 312.957.7610
Avison Young was a winner of Canada's Best Managed Companies program in 2011, 2012, 2013 and 2014 and requalified in 2015 to maintain its status as a Best Managed Gold company
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Please click on links to view and download photos of George Gnad, Jonathan Kristofich and Michael Winters:
SOURCE Avison Young Commercial Real Estate (BC)