The current Insignia team numbers seven brokers and support personnel with plans to grow to 15 to 20 brokers within the next 12 to 15 months. Neil Sherman, managing director, noted that the firm plans to add a property management platform and a capital markets group over the next year as well.
Under the direction of Sherman, Insignia has garnered a highly successful track record of $2.7 billion in closed transactions throughout the Arizona market over the past 32 years. The firm represents buyers and sellers of multifamily, retail, office and land and handles sales of non-performing loans and REO properties on behalf of lenders and servicers across the country.
“I look forward to leveraging the reach and resources of this platform which includes property management, capital markets, equities and advisory services, to the benefit of our clients,” Sherman said.
“We look forward to bringing Neil and his team on board as our first Phoenix affiliate to carry the Sperry Commercial Global Affiliates name,” said Rand Sperry, CEO, Sperry Commercial Global Affiliates.
Sperry Commercial Global Affiliates has been adding affiliates across the country, including Las Vegas, Los Angeles, St. Louis, Chicago, Alabama and Dallas, further increasing its local market access.
“The Phoenix market has been performing exceptionally well over the past eight or nine years, like most real estate markets across the US. Looking ahead, however, we believe the market will likely begin to level off or even pull back a bit. But that is exactly when investors will need the experience and knowledge of a sophisticated brokerage team,” added Sherman.