CBRE Secures Market-Leading Multifamily Team in Southern California

CBRE announced today that it has reinforced 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 will focus on the sale of institutional apartment communities and multifamily development/equity raises throughout the region. Since 2018, the team has successfully completed nearly $7 billion in multifamily transactions.

"Rachel and Derrek’s deep knowledge of the Southern Californian markets and proven track record will be invaluable to our clients’ needs and future growth in this $10 billion market," said Kelli Carhart, leader of Multifamily Capital Markets for CBRE. “We are thrilled to have this team join the platform, which will lead to transformational change for CBRE in California. I couldn’t think of a better team to lead CBRE into the future.”

The team joins CBRE from Berkadia.

Ms. Parsons joins as an Executive Vice President, bringing more than 20 years of industry experience. Throughout her career, she has participated in the sale of over $12 billion of multifamily transactions representing more than 40,000 units. She has previously worked for Moran & Company and prior to that spent 17 years at CBRE.

"CBRE's expansive global platform, industry-leading data and research insights, and deep relationships with multifamily investors will empower our team to deliver exceptional results for clients across Southern California," said Ms. Parsons.

Mr. Ostrzyzek joins as an Executive Vice President, bringing more than 18 years of industry experience. Throughout his career, he has participated in the sale of $12 billion of multifamily transactions. With a unique perspective from his decade-long tenure on the principal side of the business, he offers valuable insights to the brokerage side. He has previously worked for Moran & Company and Invesco Real Estate.

“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 the largest commercial real estate services and investment firm in the world,” said Mr. Ostrzyzek.