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2020 Q4 Multifamily Ohio Report Colliers

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Multifamily Markets Weather the COVID-19 Storm 

The longest period of economic expansion in post-war history came to an abrupt halt when annualized GDP growth for Q1 2020 slipped into negative territory as the COVID-19 pandemic began to impact global markets. The ensuing government-mandated business restrictions and shelter-in-place orders contributed to a record plunge in GDP during Q2 of 31.4%. However, unlike many recessions, this shock to the economy was self-induced through a temporary, intentional suppression of economic activity.


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2020 Q4 Multifamily Ohio Report Colliers

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Gary Cooper

Sr. Vice President | Principal

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

First 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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Peter Grealis

Senior Associate

Cleveland

I came to Colliers in 2017 after spending a decade in the marketing and advertising world. An extensive background in corporate branding, project management and product development helps me leverage key professional and personal relationships across multiple industries to maximize his client’s returns on real estate investments. I am a member of the Cooper Multifamily Team witha  focus on the buying and selling of workforce apartment housing across the Midwest.

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Gil Richards

Brokerage Associate

Cincinnati

Gil Richards is a Brokerage Associate with Colliers International specializing in Multifamily & Investment Sales throughout the Greater Cincinnati & Dayton Markets. 

Gil serves in an advisory role for the acquisition & disposition processes for apartment owners and potential buyers. Gil’s duties include: broker opinion of value analysis on value-add and cash-flow properties, and assisting clients with optimal asset disposition strategies. 

Gil joins a Colliers team that over the past ten years has sold more than 30,000 apartment units in Ohio with a transactional value in excess of one billion dollars.

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Brian Hurtuk

Managing Director | Cleveland

Cleveland

Brian A. Hurtuk, a 35 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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