Home News Walker & Dunlop Taps David Ash to Lead NYC I-Sales Office

Walker & Dunlop Taps David Ash to Lead NYC I-Sales Office

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Walker & Dunlop’s David Ash, Kris Mikkelsen (left) and One Vanderbilt (Walker & Dunlop, Google Maps)

There’s a new i-sales player in town.

Walker & Dunlop is launching an investment sales division in New York, and veteran broker David Ash is leading the effort.

Ash, who founded the boutique firm Prince Realty Advisors in 2010, said: genuine article He seeks to build operations around his style of creative matchmaking.

“Initially, we will probably have relationship-driven trading activity,” he said. “Walker & Dunlop already has a huge capital markets team here and is doing a great business.

Walker & Dunlop, a publicly traded brokerage firm based in Maryland with a market capitalization of more than $3 billion, announced the news on Wednesday, where Kris Mikkelsen, head of investment sales, said Ash’s A track record as an entrepreneur” and a deep relationship.

Real Estate Alert first reported that Walker & Dunlop acquired Ash’s Prince Realty Advisors on Tuesday.

Before launching his own shop, Ash began leasing offices and retail stores with the Kauffman Organization.

The independent broker quickly made a name for himself as a trader with a knack for putting together some of the biggest off-market deals that caught the attention of the industry.

In 2015, he arranged for the parent company of fast-fashion brand Zara to purchase a huge retail condominium at 503 Broadway in SoHo. Over $20,000 per square footto set up a neighborhood record.

Ash also negotiated for Equity Residential to purchase the Beatrice apartment building at 105 West 29th Street for $280 million in 2012, followed by a $200 million transaction between Extell Development and the Kaufman Organization for a portion of the Ring portfolio. Arranged a dollar lease. Prince Realty made about $6 billion in deals over a decade.

The dealmaker said it is in talks with several brokers about joining the Walker & Dunlop team. What about his pitch to get them to join a company that doesn’t have an established investment sales reputation in New York?

“You’re basically in the hypocenter,” he said. There is no competition here, so to speak. We’re not walking into a multi-team, multi-asset class structure with lots of rules and regulations.

“It’s all so fresh, so new,” he added.

The new i-sales platform comes almost three years after Walker & Dunlop. Acquired AKS Capital Partnersis a debt brokerage firm led by former JLL mortgage brokers Aaron Appel, Keith Kurland, Adam Schwartz and Jonathan Schwartz.

The company, which has offices in SL Green Realty’s One Vanderbilt, said its capital markets business grew 170 percent last year to nearly $30 billion.

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