CBRE Strengthens Institutional Presence in Southern California with Leading Multifamily Investment Sales Team Led by Rachel Parsons and Derrek Ostrzyzek
CBRE Strengthens Institutional Presence in Southern California with Addition of Multifamily Investment Sales Team
CBRE, the largest commercial real estate services and investment firm in the world, has bolstered its institutional presence in Southern California with the addition of a market-leading multifamily investment sales team led by Rachel Parsons and Derrek Ostrzyzek.
The team, which joins CBRE from Berkadia, will focus on the sale of institutional apartment communities and multifamily development/equity raises throughout the region. Since 2018, they have successfully completed nearly $7 billion in multifamily transactions, making them a formidable force in the industry.
“Multifamily investments continue to be a favored product for both U.S. and international commercial real estate investors. With billions of dollars of dry powder ready to be deployed, our team is excited to be a part of CBRE,” said Mr. Ostrzyzek.
Kelli Carhart, leader of Multifamily Capital Markets for CBRE, expressed her excitement about the addition of Parsons and Ostrzyzek to the team. She highlighted their deep knowledge of the Southern Californian markets and proven track record, stating that they will be invaluable to clients’ needs and future growth in the $10 billion market.
Ms. Parsons, who joins as an Executive Vice President, brings over 20 years of industry experience to the team. She has participated in the sale of over $12 billion of multifamily transactions representing more than 40,000 units. Mr. Ostrzyzek, also an Executive Vice President, brings more than 18 years of industry experience and a unique perspective from his tenure on the principal side of the business.
Both Parsons and Ostrzyzek expressed their excitement about joining CBRE and leveraging the firm’s expansive global platform, industry-leading data and research insights, and deep relationships with multifamily investors to deliver exceptional results for clients across Southern California.
The addition of Parsons and Ostrzyzek is expected to lead to transformational change for CBRE in California, positioning the firm as a leader in the multifamily investment sales market in the region.