Conshohocken, PA — Edward Ginn, a principal with Equity Retail Brokers in Conshohocken announced that he and a group of like-minded real estate practitioners have formed the Capital Markets Real Estate Network to serve investor clients nationwide in all the commercial real estate industry verticals including office, industrial, retail, multifamily, self-storage and others.
Several years in the making and at a time when a handful of national brokerage firms are competing fiercely with one another to dominate the commercial real estate services industry, Ginn and his colleagues are certain that the network will allow them to win business in the institutional and non-institutional sectors of commercial property investing, 1031 exchanges and financing.
The new network is launching with five firms and plans to identify and recruit broker/members in dozens of primary, secondary and tertiary markets nationwide in the next few years.
The founding firms and members are:
• Equity Retail Brokers (Philadelphia)a retail focused brokerage firm; Edward Ginn, Ken McEvoy and Bart Delfiner
• Bennett Williams Commercial (York and Lancaster – full service commercial brokerage, NNN Multi-Tenant Retail Sales specialists); Chad Stine and Brad Rohrbaugh
• The Flynn Company (Philadelphia – full service commercial brokerage and office/industrial specialists); Colin Flynn
• Duquesne Commercial Funding (Philadelphia – mortgage brokerage services); Gerard O’Malley and Tim McGinley
• May Realty Advisors (Los Angeles, CA – NNN Multi-Tenant Retail Sales specialists); Matthew May
Said Ginn: “I know from years of experience and networking, that networking works if you work at it and with the right group of people. The $2 million to $25 million investment and financing space is highly fractionalize and a competitive marketplace for all the vertical categories we intend to cover. However, after extensive research, analytics and talking to many people in our business, my new partners and I are certain that we can offer tremendous value to investors, sellers and exchangers to help them achieve their investment goals.”
Ginn has been and remains an active participant in the Retail Brokers Network, a national network with over 60 offices dedicated to all the segments of the retail brokerage business. He has previously served as president, Northeast Executive Committee Member, Board of Directors, Treasurer and Investment Sales Council Leader.
What the founding members are saying about the Capital Markets Real Estate Network:
“Even as we were forming the CMRE Network, referrals were already being generated. Thanks to Ed Ginn we closed a 10-year fixed, non-recourse $12 million loan with Starwood Mortgage in the beginning of June. Additionally, since working with the other firms we have done a much better job serving our NNN and 1031 borrowers.” Gerard O’Malley
“We’re brokers of knowledge and access. We provide access to transactions and buyers and the knowledge upon which to execute investment decisions. Being part of a national network gives us access to information we would not have as standalone businesses.” Matthew May
May is also a long-time (20 years) member in the Retail Brokers Network and contends that the two organizations complement each other and serve separate purposes.
“Our company serves downtown and suburban Philadelphia, Southern New Jersey, Delaware, and Northern Maryland. Joining the Capital Markets Real Estate Network provides us with a better opportunity to refer business with other regional/independent companies on a national level, which will only help grow our own business.” Colin Flynn
“Bennett Williams Commercial specializes in the Central Pennsylvania area which includes all market points between Philadelphia and Pittsburgh. We believe that in today’s world of investment sales services we have a greater ability to win more business by being part of something larger than ourselves. Our proximity to many major metro markets -- New York, Baltimore, Philadelphia, also favors participation in the capital markets network. Our markets have a track record of success with retailers from a local, regional, and national level, which provides a stable asset for any investor.” Chad Stine