Chad Lavender '08 still remembers the moment that locked his future to The University of Alabama. “My dad told me, ‘You can go to school wherever you want, but the check’s going to Alabama,’” Lavender says with a laugh. It was said only in jest, slightly. That’s because Lavender comes from a long line of Bama grads.
Lavender cut his chops in business early during his Culverhouse days. He ran a successful T-shirt company (through Tuscaloosa-based JNJ Apparel) with Nick Wright, supplying custom shirts to fraternities and sororities. After he graduated with a finance degree and a focus on real estate, he made his mark early, taking risks that might have scared others off. He went full commission as a broker at age 25, betting everything on his ability to make deals happen.
“Ignorance is bliss when you’re young,” Lavender says. He weathered the 2008 financial crisis with only $10,000 in the bank and an underwater condo as his first investment lesson. But his grit paid off.
Even as his career soared, Lavender never forgot his roots. He was inspired by his family to make giving back to Alabama a personal mission. His mother, Sunee Lavender, graduated with an accounting degree at Culverhouse and worked 25 years in advancement services at UA. His aunt, Alma Scroggins, was president and CFO of CNN, is in the Alabama Business Hall of Fame, and is a member of the Culverhouse Board of Visitors. He was a big part in helping create the Student Real Estate Investment Fund, a student-managed investment fund that seeks to invest its capital into real estate.
“One of my goals was always to support the University that gave me so much and really helped connect me and my network,” Lavender said. For Lavender, philanthropy isn’t about his name on a building-it’s about giving Alabama students the chance to dream big and take the same calculated risks that defined his own success. “I want them to invest in themselves,” he said.
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Lavender’s giving helped establish the University’s real estate program as a major, equipping students with tangible skills and real-world experience.
Brokerage firm Newmark has named Chad Lavender to president of capital markets for the company's operating businesses in North America as the brokerage works to expand the group. In his new role, Lavender is responsible for driving strategy and revenue growth of the capital markets business for every asset type, including industrial, multifamily, office, retail and alternative investment classes.
Newmark CEO Barry Gosin said in a statement, "Chad has an innate talent for leading and inspiring teams of top performers. In this newly defined executive capital markets position and coupled with his passion for execution excellence to achieve the best on behalf of his clients, Chad's leadership contributions will enhance our capabilities and efficiencies as Newmark continues on its growth trajectory." Like Elizabeth Hart, based in San Francisco, who was recently named president of leasing for North America for Newmark, Gosin said these new leadership roles emphasize the New York-based real estate services firm's approach for its next growth phase.
As President of Capital Markets for North America, Lavender is responsible for driving the overarching strategy and revenue growth of the capital markets business for every asset type, including multifamily, office, industrial, retail and alternative investment classes. He will advise on recruiting and retaining top-tier talent, upholding and expanding a collaborative and entrepreneurial culture.
“We look forward to collaborating with Chad, who is one of the most talented and gifted capital markets professionals in the business," said Douglas Harmon, who recently joined the Company with Co-Head Adam Spies.
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Prior to taking on his new role at Newmark, Lavender served as vice chairman and co-head of healthcare and alternative real estate assets group after joining the firm in 2019. In his career, he has completed more than $37 billion of investment sales, recapitalizations and debt and joint venture equity deals throughout the United States.
Previously, Lavender held roles as Co-Head of HFF's national healthcare group-where his seniors housing- and healthcare-focused team consistently ranked among the company's top producers-and an investment advisor with Apartment Realty Advisors' seniors housing group prior to the firm's acquisition by Newmark. Lavender will continue to advise within the Company's Healthcare & Alternative Real Estate Assets group and recently launched Single Family Rental (SFR) group alongside Vice Chairman Ryan Maconachy.
Lavender's appointment aligns with that of Elizabeth Hart, who was recently named President of Leasing for North America. "As Newmark prepares for its next growth phase, announcing these new leadership roles emphasizes our strategic approach to building a dynamic future for the Company.
Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of approximately $2.7 billion for the year ending December 31, 2022.
Newmark's company-owned offices, together with its business partners, operate from approximately 180 offices with nearly 6,700 professionals around the world.
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These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements.
| Position | Company | Years |
|---|---|---|
| Broker | Full Commission | Early Career |
| Co-Head of National Healthcare Group | HFF | Prior to Newmark |
| Vice Chairman and Co-Head of Healthcare & Alternative Real Estate Assets Group | Newmark | 2019-Present |
| President of Capital Markets for North America | Newmark | Present |
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