October 22, 2020
Encino-based NAI Capital Commercial completed an internal reorganization and sale of the company to brokers and staff, which is expected to bring a fresh and energized perspective to the company. This integration of ownership and senior management, with its brokerage and employee teams, along with an association with NAI Global and its world-wide resources, maintains NAI Capital Commercial as one of the largest members of NAI Global.
NAI Global is a premier managed commercial real estate service network with 375 Offices and 6,000 market leaders spanning the globe.
The company named Chris Jackson and Joseph Faulkner as Co-Chief Executive Officers. The pair together bring more than 60 years of industry expertise, including more than two decades when Faulkner founded and ran his own firm in the 1980s and 1990s. Jackson previously served as Executive Managing Director for NAI Capital’s top producing Encino office and was a founding remember of the Investment Services Group.
Jackson and Faulkner will assume the role of Co-CEOs from Tim Foutz, who will become the company’s new Chair. Michele Stein will remain as COO and continue her duties with the Operations, Administration and in working with Greg Pittler NAI Capital’s current interim CFO.
NAI Capital Commercial’s Jackson says, “Following a thorough and rigorous process and the evaluation of all available options, Senior Management determined that a partnership with our brokers and staff provides the best platform for our brokerage professionals, employees and clients. We believe the sale of the company to the brokers and staff, along with increased management and an experienced Advisory Board, will drive NAI Capital Commercial to be the number one real estate company in California.”
For comments, questions or concerns, please contact Dennis Kaiser