US real estate advisory and services firm Newmark Group, Inc. has launched a data center practice group to offer consulting around data center finances.

The company this week announces the expansion of its Capital Markets services with the launch of the Data Center and Digital Infrastructure practice group, hiring Brent Mayo as executive managing director to anchor the practice group.

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– Newmark

The unit will help investors, operators, and enterprises in the sector around areas such as capital formation, M&A, property acquisition/disposition/recapitalization, and debt & equity financing.

“Newmark is committed to adding best-in-class personnel, with a focus on the areas where clients need guidance and where there is an opportunity to hire experts in those spaces, underpinning our growth trajectory and the talent we’ve amassed,” said president of Capital Markets for North America Chad Lavender.

“We are excited to broaden Newmark’s reach with an industry leader and professional of Brent’s esteem, which significantly enhances our capabilities in an asset class as important as Capital Markets Data Centers and Digital Infrastructure,” added Lavender.

Mayo, based in the company’s New York City headquarters, will work with Newmark’s Capital Markets advisors on capital formation, financing, and asset and portfolio sales, and alongside the firm’s Data Center Consulting Group advisors, leading the market in data center strategies, valuation, and advisory, management, evaluation, and performance.

Mayo joins Newmark from DH Capital, a division of Citizens, an investment bank solely focused on data centers and digital infrastructure.

“Newmark’s demonstrated success across nearly all real estate verticals and asset classes, coupled with its commitment to growing in the digital infrastructure space, created a unique opportunity to serve our clients in a rapidly evolving sector,” said Mayo. “I look forward to partnering with the talent at Newmark and building on the platform's success and momentum as we expand and accelerate the firm’s best-in-class capabilities in the data center and digital infrastructure space.”