License CA: 01300168
Curtis Palmer recently joined ARA, A Newmark Company as executive managing director in Los Angeles, having previously served as executive vice president at CBRE from 2013 to 2015 where he ran the Southern California Institutional Properties Multifamily Group. Mr. Palmer’s team at CBRE was involved in $3.5 billion of multifamily transactions throughout the West Coast.
Prior to joining CBRE in February 2013, Mr. Palmer was a founding partner of Multi-Housing Capital Advisors (MHCA). Since 2009 MHCA has sold, financed and equitized $2 billion in apartment and office product. In 2010, MHCA represented Gables Residential and CIM Group in the $214 million sale of six Class A apartments, including the sale of City Vista in Washington, D.C., as well as properties in Houston, Dallas and Los Angeles.
Before co-founding MHCA, Mr. Palmer was managing director at Transwestern Multi-Housing Capital Advisors from 2004 to January 2009. During his tenure there, Mr. Palmer completed over $8 billion of multifamily transactions including sales, debt and equity financing. Major clients included Fairfield Residential, Archstone-Smith, Equity Residential, BlackRock, DLJ Real Estate Capital Partners/Credit-Suisse, Camden Property Trust, Morgan Stanley Real Estate, Essex Property Trust, AIMCO, CIM Group, JH Snyder Company, Canyon-Johnson, Oaktree Capital Management, Blackstone, Sequoia Equities, Prudential and Legacy Partners.
From 2000 to 2003, Mr. Palmer served as senior managing director with Insignia/ESG where he was responsible for running the company’s west coast multifamily platform. During his tenure there, he was involved in over $5 billion of apartment sales transactions. Also, in 2003 Mr. Palmer’s team executed the recapitalization of the $182 million Thurman Portfolio on behalf of Fifteen Group. Thurman was a 6,868-unit portfolio comprising 26 properties located in 8 states.
From 1993 to 1998, Mr. Palmer was a managing director for the financial services group of Aztec Group, Inc. in Miami, Florida where he was consistently one of the top producing investment sales brokers in the country. At the end of his tenure there, Palmer represented Regency Windsor in the sale of their 7,800-unit, 10-state portfolio to AIMCO for $380 million. His team also sold the Lennar Corporate Portfolio and the Marco Realty Portfolio with an aggregate value of $350 million. Mr. Palmer also spend time as a vice president for Ocwen Financial Corporation Discounted Loan Group in West Palm Beach, Florida and prior to that he spent time as vice president at the Yarmouth Group in New York City where he ran dispositions nationwide for the company.
Recent Client List:
License CA: 01701409
Anthony Muhlstein, managing director, is a capital markets specialist with experience in a broad range of property types, classes and markets. Prior to joining ARA, A Newmark Company, Mr. Muhlstein was a member of CBRE’s Southern California Institutional Properties Multifamily Group focusing on business development in core markets for existing assets and development opportunities. In the past year, he was involved in a $100 million sale of an almost six acre assemblage entitled for 695 units and 20,000 square feet of ground floor retail; a $51 million sale of a 3.5 acre development opportunity with an existing 69,000 square foot office building component and a $50 million sale of a 130,000 square foot department store with 67,000 square feet of excess land for future high-rise redevelopment.
Prior to joining CBRE, Mr. Muhlstein specialized in private client investment sales at Cushman & Wakefield and BRC Advisors. While focused on commercial properties, Mr. Muhlstein has been awarded sale assignments of all product types. He has the breadth of knowledge to handle the most complex transactions. Recent Examples include:
Mr. Muhlstein holds a Bachelor's degree in Finance from California State University and is a member of the International Council of Shopping Centers.
License CA: 01808847
Chris Benton joined ARA, A Newmark Company in 2015 as a director with the Palmer team where he oversees all aspects of the transaction process including valuation, pricing strategy, marketing, due diligence, negotiating purchase and sale agreements and business development. Prior to joining ARA Newmark, Mr. Benton was a sales director at CBRE with the Southern California Institutional Properties Multifamily Group where he was directly associated with over $3 billion in sales, debt and equity financing from 2013 to 2015. Sample transactions while there include the $300 million sale of Palazzo Westwood Village; the $200 million sale of 8th+Hope in downtown Los Angeles; the $194 million sale of the Alliance Residential SoCal Portfolio; the $126 million sale of The Hesby in North Hollywood; the $70.5 million sale of Elevé Lofts and Skydeck in Glendale; the $32 million sale of entitled land in Playa Vista; the $40 million sale of entitled land in Hollywood; the $82 million sale of Archstone Vanoni Ranch in Ventura and the $84 million value-add sale of Fountains at Moorpark.
Before that, Mr. Benton worked at Eastdil Secured where he performed market research analyses and prepared offering materials for the sale of many significant (over $100 million) property transactions.
Recent Clients: Alliance Residential • AvalonBay • Bank of the Ozarks • BlackRock • Carmel Partners • Champion Real Estate • Clarion Partners • CPPIB • Crescent Heights • Decron • Deutsche Asset & Wealth Management • Dinerstein Companies • EHB Companies • Equity Residential • ES Ring • Essex • GE Capital • INVESCO • JB Matteson • JH Snyder Company • JP Morgan Asset Management • LaSalle Investments • Legacy Partners • Lincoln Property • Mill Creek Residential • Morgan Stanley • Principal Real Estate Investors • Prudential • Raintree Partners • Redwood Urban • Related Group • Rockwood Capital • RREEF • Sares-Regis • Sequoia Equities • The Wolff Company • TIAA-CREF • UBS • UDR • Wood Partners
Mr. Benton received a Bachelor of Science degree in Business Administration, with a major in marketing and a minor in management from the Leeds School of Business at the University of Colorado. He is a Los Angeles native with an extensive and intimate knowledge of Southern California and its real estate fundamentals. Mr. Benton was born in Pacific Palisades and is an alumni of Loyola High School.
License CA: 01846401
Chris Tresp joined ARA Newmark in October 2015 and specializes in multifamily brokerage and advisory services in Los Angeles County and throughout Southern California. He is involved in all aspects of the marketing process including valuation, client and prospect contact, due diligence and negotiation and closing of transactions. Mr. Tresp is also involved in business development and is responsible for raising joint venture equity and capital for acquisition and multifamily development projects.
Mr. Tresp joined ARA, A Newmark Company from CBRE where he was a Senior Analyst on the Institutional Multifamily Team in the Beverly Hills office and was directly associated with over $3 billion in sales and debt and equity financing from 2013 to 2015.
Prior to joining CBRE, he was a Director at Kennedy Wilson where he was focused on office tenant and landlord representation, and oversaw the leasing efforts of a 271,000 square foot office building in Downtown Los Angeles. Prior to Kennedy Wilson, he was an Associate at UGL Equis where he specialized in office tenant representation. During his tenure at UGL he was in charge of new business development and completed over 70,000 square feet of lease transactions.
Mr. Tresp began his career in commercial real estate in 2006 at Transwestern Multi-Housing Capital Advisors in Beverly Hills where he assisted a sales team who was responsible for in excess of $1 billion in sales. Originally from Milwaukee, WI, Chris received a Bachelor of Music / Music Business-Management degree from Berklee College of Music in Boston, MA. He is an active member of the ULI Los Angeles - Young Leaders Group as well as the National Multifamily Housing Council.
License CA: 01967919
Alexandra Casillas, brokerage service specialist, joined ARA, A Newmark Company in November 2015. In her current role she oversees marketing execution, material production and client and team management for the Los Angeles ARA Newmark multifamily team. Prior to joining ARA Newmark, Ms. Casillas was a production manager for the Southern California Institutional Properties Multifamily Group, aiding in the successful close of over $3.5 billion in sales and debt and equity financing from 2013 to 2015.
Prior to joining CBRE, Alexandra was an office manager with Multi-Housing Capital Advisors (MHCA), a firm co-founded by Mr. Curtis Palmer. Ms. Casillas supported the MHCA team in the sales, financing and equitizing of over $2 billion in apartment and office transactions.
Before her tenure at MHCA, Alexandra held account management, underwriting and loan funding roles in the mortgage lending industry. With a dynamic mindset and over 16 years of real estate experience, Ms. Casillas brings to ARA Newmark a well-established reputation for cultivating trust in clients and colleagues alike.
Los Angeles, CA
Corinne Wang, senior marketing coordinator for ARA, A Newmark Company, is responsible for the design of all multihouing marketing materials for the Southern California team. Mrs. Wang joined Newmark Grubb Knight Frank in 2014 just prior to the company’s acquisition of ARA Newmark. Within a few months of joining, she developed an interest in graphic design and began working on the development, creation and distribution of office, retail, capital markets and multihousing marketing collateral.
Mrs. Wang received a Bachelor of Science degree in marketing and a minor in finance from California State University, Northridge.