News Summary
Cushman & Wakefield has appointed Greg Rainey as the managing director for North Florida multifamily investments, aiming to enhance its advisory services and expand its presence in the region. His leadership is expected to boost the firm’s growth in Florida’s multifamily sector, recognized as critical for real estate investment. Rainey brings extensive experience in commercial real estate, having developed a robust understanding of the Jacksonville market over several years. The firm plans further investments in the Jacksonville area, reflecting its strategic focus on multifamily opportunities.
Jacksonville, Florida – Cushman & Wakefield announced on August 20 the appointment of Greg Rainey as the new managing director for North Florida multifamily investments. This strategic move aims to enhance the firm’s multifamily advisory business in the region and strengthen its presence in the state and the broader Sunbelt area.
As part of his new role, Rainey will join Cushman & Wakefield’s Florida multifamily advisory group, which is managed by Vice Chairs Nick Meoli and Mike Donaldson in Tampa, along with Senior Director Joey Blakley in Orlando. The firm recognizes the importance of multifamily investments in Florida’s real estate market, and Rainey’s leadership is expected to drive growth in this segment.
According to Wanda Riley, managing principal at Cushman & Wakefield, Rainey’s experience and expertise will enhance the company’s ability to serve its clients and effectively manage their real estate portfolios across Florida. The addition of Rainey aligns with the firm’s commitment to expanding its multifamily advisory services.
Rainey has a solid background in commercial real estate, having previously worked at Berkadia, where he began his career as an intern while attending Florida State University. Over the years, he progressed through the ranks at Berkadia, culminating in the role of senior director. He has been based in Jacksonville since 2014, building a robust network and understanding of the local market.
Cushman & Wakefield is a prominent global commercial real estate services firm, boasting approximately 52,000 employees across nearly 400 offices in 60 countries. In 2024, the company reported an impressive revenue of $9.4 billion, driven by various core service lines, including services, leasing, capital markets, and valuation.
Recognizing Jacksonville as a critical market for growth, Cushman & Wakefield plans further investments in the area. This indicates a strategic focus on expanding multifamily investment opportunities in the region, bolstered by Rainey’s leadership and expertise.
The multifamily sector in Florida has been witnessing significant growth, driven by factors such as population increases, economic development, and urbanization trends. With a strong commitment to this market, Cushman & Wakefield is positioning itself to capture opportunities and provide comprehensive advisory services to its clients.
Overall, the appointment of Greg Rainey marks a significant step for Cushman & Wakefield as it seeks to advance its multifamily investments in North Florida and enhance its service offerings. As the firm continues to expand its expertise in the Florida market, it aims to remain at the forefront of multifamily investment strategies and solutions.
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Additional Resources
- Jax Daily Record: Rainey to Lead North Florida Multifamily Investments for Cushman & Wakefield
- Rebusiness Online: Cushman & Wakefield Brokers Sale of 587,815 SF Industrial Property in Jacksonville
- News4Jax: DOJ Accuses Major Landlords of Scheming to Keep Rents High
- Wikipedia: Real Estate in Florida
- Google Search: Multifamily Investments Florida
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