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2020 Q1 Multifamily Ohio Report Colliers

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U.S. Market Overview

Occupancy in the U.S. multifamily market climbed 30 basis points (bps) to 95.5% during the first quarter of 2020 driven by annual demand of 284,000 units in contrast to new supply of 263,209 units according to data from RealPage. But the real story began during the final few weeks of the quarter as the COVID-19 outbreak spurred government officials to issue stay at home orders and the closing of non-essential businesses.


Multifamily Search  Ohio

2020 Q1 Multifamily Ohio Report Colliers

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Gary Cooper

Senior Vice President

Cleveland

As Senior Vice President at Colliers International, I focus on  multifamily and manufactured housing communities. I have represented a wide variety of major institutions, individuals, and partnerships over the past 30 years in the sale of investment real estate assets. In my career  I have completed transactions with a combined market value in excess of two billion dollars.

My Vision is utilizing my unique skill sets to provide unparalleled professional representation to individuals, entities, and institutions who own and operate residential investment real estate. My goal is to assist my clients in achieving and preserving financial independence by providing them with the best investment advisory and capital markets transaction services available.

I am committed to giving back to my profession as a featured lecturer at legal, accounting, and real estate classes on the subjects of investment real estate and taxation. I have been quoted about the commercial real estate market and transactions in many trade publications including Wall Street Journal, National Real Estate Investor, Apartment Finance Today, Real Estate Forum, Globe Street, Midwest Real Estate, Crain's Cleveland Business, Columbus Business First, Cleveland Plain Dealer, Columbus Dispatch, Dayton Daily News, AZRE, and Phoenix Business News.

 

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Anthony DeMarco

Senior Vice President

Cleveland

I was extended the opportunity to join forces and work alongside Sr. Vice President Gary Cooper and the Colliers International  Capital Markets team in October 2018. In my new role, I will specialize in Capital Market Investment sales throughout the Greater Cleveland and Akron markets. My primary concentration will be on Multifamily assets with a minimum of 12 to 100 units. My knowledge of the Cleveland-Akron market will assist in providing my clients the proper representation in order to make sound financial decisions pertaining to acquisition and disposition of multifamily commercial real estate assets.

My prior experience in mortgage banking has allowed me to gain an in depth understanding of the intricacies within the real estate industry. As a Director of Mortgage Banking I managed one of the top producing teams and assisted clients with both purchase and refinance transactions. I was an integral part of onboarding a charter to drive sales production through metrics while maintaining the highest level of client service. In 2014 I was awarded Rookie of the Year for the “Top Producing First Year-Banker.” My skillset in sales and my background in the mortgage industry has given me the ability to transition into the Commercial Real Estate world seamlessly.

Before the mortgage industry, I attended Madonna University where I graduated with a Bachelor of Business Administration. During my collegiate education I was also a member on the Men’s Soccer team for both Madonna University and Cleveland State University. My collegiate experience as a team captain and teammate has proven my ability to be a dedicated team player, to be solution focused, and most importantly to be the hardest worker in the room.

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Brian Hurtuk

Managing Director - Brokerage

Cleveland

Brian A. Hurtuk, a 40 year veteran of commercial real estate, serves as Managing Director | Principal for Colliers International in Cleveland-Akron. In his role, Mr. Hurtuk provides the guidance and leadership necessary to elevate the Colliers International brand to a wide variety of clients. Mr. Hurtuk's prime focus is on recruiting and business development as Market Leader for the Cleveland-Akron office originally launched in July 2012 which now boasts 45-professionals working throughout northeast Ohio.

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Shenan Murphy

Vice Chairman

Cincinnati

Growing up, I always knew I wanted a job where I would be in control of my career path, and commercial real estate has allowed me to do that both personally and professionally. I began my career as a retail and investment broker in 1989. Today, I leverage my previous brokerage experience and knowledge to oversee the strategic and daily operations of Colliers International | Greater Cincinnati and Dayton. Additionally, in 2012 founded the Colliers Cleveland office. As the Vice-Chairmain leading multiple offices, I prioritize providing the best strategic leadership and oversight to a truly remarkable team. In addition to commercial real estate, I have created a diversified and innovative family of companies providing brokerage sales, investment, construction, information technology, and property management services.

The experience I gained from holding various positions throughout my career has allowed me to reach a broad base of clients and establish valuable relationships throughout Greater Cincinnati and Dayton. These relationships have provided the opportunity to aid some of the region’s most successful companies in making sound real estate decisions.

In addition to my daily responsibilities with Colliers, I'm part of a great family, three great kids and  spouse who is so supportive. 

I find great joy in being involved in my community. One of my personal goals is to help the Cincinnati community and those around me to move forward and grow with energy and purpose. I am a member of various organizations serving the community such as the University of Cincinnati Foundation (Board Member), the University of Cincinnati UCATS (Board Member), the University of Cincinnati Diamond Club for Baseball (Chairman), the University of Cincinnati College of Business (Real Estate Board Member), the Greater Cincinnati Regional Business Committee, and Cincinnati Young Presidents Organization.

I hold the CCIM commercial real estate designation and have affiliations with ICSC (International Council of Shopping Center), ULI (Urban Land Institute), and NAIOP (National Association of Industrial and Office Properties).

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Loren DeFilippo

Senior Customer Success Lead

Cincinnati

Loren oversees all  research activities for Colliers'  Ohio markets including, Cincinnati, Cleveland, Dayton and Akron/Canton.  His responsibilities include the collection, aggregation and analysis of data regarding office, industrial, retail and  multifamily asset classes, along with capital markets.  He prepares reports documenting current economic and commercial real estate market  conditions and provides forecasts to assist brokers  and clients in making informed business decisions. A firm believer in the power of knowledge, Loren utilizes research as a marketing tool in conjunction with the firm's marketing and business development efforts. Loren leverages  his 30+ years of career experiences as an architect, a broker specializing in the leasing and sale of office properties and market researcher to accelerate the success of our brokers, clients and stakeholders.

 

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