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Next Generation Awards Recognizes Matthews™

Matthews™ Agents Recognized in Connect CRE’s 2026 Next Generation Awards

PHOENIX, AZ—Matthews™ Vice President & Associate Director Kevin McKenna and Associate Vice President Mason Gates were recognized by ConnectCRE in their 2026 Next Generation Awards. McKenna was honored in the Texas category, while Gates was recognized in the Southwest category.   The ConnectCRE Next Generation Awards celebrate rising stars in commercial real estate who are making a significant impact across the industry. The program recognizes professionals who demonstrate exceptional leadership, deal volume, and commitment to advancing the CRE landscape in their respective markets.   McKenna specializes in the acquisition and disposition of single-tenant net-lease assets nationwide. He plays a critical role in helping Matthews™ maintain its #1 market share in the auto parts space, and is recognized for its client-first approach and deep expertise in the Texas market.   Gates focuses on the acquisition and disposition of self-storage properties across the Midwest and Mountain-West regions, having successfully facilitated 37+ transactions totaling over $48 million. He is widely regarded as the #1 self-storage broker in the State of Nebraska and currently serves on the Board of Directors for the Nebraska Self Storage Owners Association.   Click here for more information about this award and its nominees.

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Kevin McKenna

Vice President & Associate Director

UMIAI Hand Roll and Sake Bar at 6200 Sunset Boulevard Hollywood restaurant lease

UMIAI Hand Roll & Sake Bar Opening Soon in Hollywood

LOS ANGELES— Matthews™, a commercial real estate investment services and technology firm, completed the lease for UMIAI Hand Roll and Sake bar concept opening at 6200 Sunset Boulevard in Los Angeles, California. Matthews™ Senior Vice President & National Director Michael Pakravan and Senior Associate Kyle Pari represented the landlord and the tenant, UMIAI, in the transaction. The 2,445-square-foot space will mark the second location for the concept, following its successful debut at the NoHo West shopping center in 2024, reflecting UMIAI’s growing presence in Los Angeles and continued momentum within the city’s competitive dining scene. The concept is led by seasoned restaurateur Anthony Karapetyan, who has built a diverse portfolio of concepts across Southern California, including The Drunken Crab, a Southern cajun seafood boil franchise, and Chick Me Out, alongside his broader hospitality platform, Kara Hospitality Group. As UMIAI’s exclusive tenant representative, Matthews™ leveraged its deep knowledge of the Los Angeles retail and restaurant market to identify the opportunity and help position the concept for long-term success in a high-profile corridor. The Matthews™ agents navigated the challenges often associated with first-generation restaurant space, negotiating terms that supported UMIAI’s continued growth and positioned the concept for success along one of Hollywood’s most prominent corridors. “We’re passionate about bringing diverse, culturally rich dining experiences to Southern California and connecting standout restaurateurs with the right opportunities to thrive,” Pakravan said. “In this case, we were proud to translate our client’s strong operational track record into favorable lease terms that help introduce a unique culinary perspective while setting the stage for long-term success.” For more information, please contact Michael Pakravan and Kyle Pari or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Michael Pakravan

Senior Vice President & National Director

Image of Matthews™ Executes Self-Storage Portfolio Disposition in VA Beach MSA Success Story

Matthews™ Executes Self-Storage Portfolio Disposition in VA Beach MSA

VIRGINIA BEACH, VA—Matthews™, a commercial real estate investment services and technology firm, completed the sale of a two-property self-storage portfolio located at 15311 Warwick Blvd in Newport News and 185 E Mercury Blvd in Hampton, Virginia. Matthews™ Senior Vice President and Director Austin McLeod represented the seller in the transaction. The 77,562-square-foot portfolio sits near major employment anchors including Joint Base Langley-Eustis, Newport News Shipbuilding, and NASA Langley Research Center, with an average of 70,000 residents within three miles of each site. The assets comprise 1,036 units across eight buildings, with 98% of units offering non-climate-controlled storage ranging from 5×5 to 25×35. Leveraging established industry relationships, the Matthews™ agent directly sourced the buyer, a private equity group already operating facilities in the area. “Our longstanding relationship with the seller allowed us to understand their objectives from day one and position the portfolio accordingly,” McLeod said. “Despite marketing the portfolio during a traditionally slower season for transaction activity, our investor network allowed us to identify a trusted buyer and ultimately achieve a closing within our expected price range.” For more information, please contact Austin McLeod or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Austin McLeod

Senior Vice President & Director

Image of Matthews ™ Announces the Promotions of Michael Moreno and Rahul Chhajed Success Story

Matthews ™ Announces the Promotions of Michael Moreno and Rahul Chhajed

Two Leaders. One Vision. A Division Built to Last The partnership behind one of the most specialized healthcare real estate practices in the country Some partnerships are built on synergy. Others on shared conviction. The one between Michael Moreno and Rahul Chhajed is both. And, it has quietly become one of the defining forces of healthcare real estate. The Matthews ™ Foundation In 2016, two new agents with backgrounds in net lease retail joined Matthews™ with a shared instinct that an opportunity was hiding in a corner of commercial real estate most brokers weren’t paying attention to. That was the start of Matthews™ foray into healthcare real estate.   The Matthews™ healthcare division is now one of the most recognized healthcare brokerage practices in the country. And with that, Matthews™ is proud to announce the promotions of Michael and Rahul to Executive Vice Presidents & Senior Directors. This is a recognition of the careers they’ve built, the division they’ve shaped, and the standard they’ve set for what specialized brokerage can look like at its best.   What made Matthews ™ the right place to build something? Both Michael and Rahul point to the same things: a culture that prioritized development over hierarchy, a collaborative platform that gave agents the tools to move fast, and an environment that supported their endeavors. Spotting the Gap Both started in the single-tenant net lease retail market, learning the fundamentals of deal velocity, client management, and transactional discipline. But as they moved through deals, a pattern emerged. Medical assets such as surgery centers, dialysis clinics, urgent care facilities were not only performing better than their retail counterparts but counterintuitively trading at a cap rate discount. And that’s where they saw an opportunity.   That observation became a conviction, and that conviction became a division. By 2017, they were pioneering Matthews’™ push into healthcare investment sales, leveraging the firm’s platform and the deal-making foundation they’d built in retail to move quickly into a space where relationships and expertise were critical.   Together, they scaled the Matthews™ Healthcare Division from two agents to more than 20 professionals, representing REITs, private equity firms, physician groups, developers, and healthcare operators across the country. What they’ve built The numbers tell part of the story. They have facilitated over $2.6 billion in total sales volume across more than 1,300 transactions and have earned recognition as one of the country’s top producers of healthcare, dental, and veterinary real estate sale transactions.   Their promotions mark over a decade of work. And for a division that started with two agents and now has grown to a national practice, this is just the beginning.

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Michael Moreno

Executive Vice President & Senior Director

Image of Matthews™ Executes Sale of Mississippi’s Top Kroger Location Success Story

Matthews™ Executes Sale of Mississippi’s Top Kroger Location

COLUMBUS, MS—Matthews™, a commercial real estate investment services and technology firm, completed the sale of a tier one grocery asset located at 1829 Highway 45 North in Columbus, Mississippi. Matthews™ Senior Vice Presidents Kyle Stonis and Pierce Mayson and Associate Vice President Boris Shilkrot represented the seller, MS Columbus 45, LLC, in the transaction. The Kroger is situated within the heart of Columbus’ retail corridor, benefiting from 31,200 vehicles per day along US-45. The Kroger ground lease parcel is occupied by the state’s #1 grocer, which committed to an early lease extension through 2041 with plans for expansion. MS Columbus 45, LLC, a longstanding client, elected to bring the 76,269-square-foot asset to market as part of a capital recycling strategy. Leveraging their deep market knowledge and an extensive network of both public and private investors, the Matthews™ agents recognized that the property’s two distinct parcels, a stabilized ground-leased Kroger and a value-add shop component, would appeal to fundamentally different buyer profiles. Facilitating a creative breakup of the asset, Matthews™ secured a publicly traded institution for the Kroger-anchored portion, while the adjacent inline shops are currently under agreement with a private buyer. “This was a great result for the Seller group and an excellent fit for the publicly traded Buyer,” Stonis said. “Given the recent scarcity of tier 1 grocery products available in the Southeast, proven Kroger assets like this one continue to command significant interest in the marketplace.” For more information, please contact Kyle Stonis, Pierce Mayson, and Boris Shilkrot or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Kyle Stonis

Senior Vice President

OrthoLoneStar medical office 1031 exchange Houston Texas Kingwood NNN property

Matthews™ Executes Full-Cycle 1031 Exchange From Underperforming Asset to Well-Positioned Medical Office

HOUSTON, TX—Matthews™, a commercial real estate investment services and technology firm, facilitated the acquisition of a single-tenant net lease medical office property located in Kingwood, TX. Matthews™ Executive Vice President & Senior Director Josh Bishop, Vice President & Associate Director Brett Baumgartner, and Associate Alex Larramendi represented the client in an end-to-end 1031 exchange. The buyer, a diversified healthcare investor, sought to optimize their portfolio through a 1031 exchange, trading out of an underperforming healthcare clinic in a tertiary Oregon market for a more stable, well-located medical asset. Leveraging the firm’s proprietary investor database, the Matthews™ agents secured a buyer for the downleg while simultaneously identifying the ideal replacement property with stronger fundamentals, a more sustainable rent structure, and superior long-term cash flow protection. The upleg property identified was a 15,219-square-foot purchase property that is 100% occupied by Advanced Orthopedics & Sports Medicine, a division of OrthoLoneStar, the largest independent orthopedic group in Texas, with over 40 providers across four Houston-area locations and more than 40 years of operating history. Leased under a NNN structure, Advanced Orthopedics & Sports Medicine has operated the site for over 15 years. Situated near HCA Houston Healthcare Kingwood and within a five-mile radius of more than 142,000 residents, the property is well-positioned to benefit from sustained demand for healthcare services in the growing Kingwood submarket. During due diligence of the upleg, Matthews™ successfully negotiated a brand new roof, eliminating out-of-pocket capital expenditures for the buyer and delivering significant improvements at acquisition. “It is not every day that we execute an exchange that checks every box, while the client also takes home a bigger rent check every month,” Larramendi said. “We are grateful to have had the opportunity to guide our client through both the downleg and upleg for a successful 1031 exchange, a process many investors find daunting given its tight time constraints.” For more information, please contact Alex Larramendi, Brett Baumgartner, and Josh Bishop or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Josh Bishop

Executive Vice President & Senior Director

Image of Matthews™ Continues New York Expansion with Hire of Investment Sales Veteran Thomas Gammino Success Story

Matthews™ Continues New York Expansion with Hire of Investment Sales Veteran Thomas Gammino

NEW YORK, NY — Matthews™, a commercial real estate investment services and technology firm, recently hired Thomas Gammino as Executive Vice President in New York, NY. Gammino specializes in investment sales across all asset classes in New York City, with a specific focus on Manhattan’s Upper East Side.   Gammino joins Matthews™ with an impressive resume, including 200+ properties sold, over $2 billion in career transaction volume, and over two decades of boots-on-the-ground experience in New York City investment sales. Beginning his career at Marcus & Millichap in 1999, Gammino has held senior roles at the industry’s most respected platforms, including Massey Knakal Realty Services, Cushman & Wakefield, JLL, and B6 Real Estate Advisors, most recently serving as Executive Managing Director at Lee & Associates NYC.   “Thomas’s transaction record speaks for itself, but what sets him apart is that his reputation in the market that I’ve watched him build over the past 25 years,” said Executive Managing Director and National Director Cory Rosenthal. “He executes at the highest level and brings a level of market depth that matches exactly what we’re looking to provide our clients in New York and the surrounding Northeast markets.”   “I’m excited to join Matthews and be reunited with old colleagues as we look to build something special in New York City,” said Thomas Gammino.   Throughout his career, Gammino has built a loyal and diverse client base, all drawn to his deep marketing expertise and reputation for getting deals done. Rounding out an already rare skill set, Gammino is a licensed New York City real estate attorney with 300+ closed transactions under his belt, as well as a Manhattan building owner and renovator, giving him a ground-level understanding of investment assets that few brokers can match.   “As we continue expanding our New York presence, we’re bringing in proven producers who know how to win in this market,” said Market Leader DeWitt Goss. “Tom’s addition reflects that momentum and showcases the caliber of professionals Matthews is attracting.”   Matthews™ is pleased to welcome Gammino as the company continues to build its New York City presence. This announcement comes as Matthews™ moves into its expanded 10,282-square-foot office space at 711 Third Avenue, Suite 1800, New York, NY, a significant expansion that underscores the firm’s long-term commitment to the market.   For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.   ABOUT MATTHEWS™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and support staff in 30+ offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Tom Gammino

Executive Vice President

Tractor Supply Company net lease retail property in Bridgeport Texas sold by Matthews

Matthews™ Facilitates Sale of Tractor Supply Company in Texas

DALLAS— Matthews™, a commercial real estate investment services and technology firm, completed the sale of Tractor Supply Company, located at 1215 US-380, Bridgeport, Texas. Matthews™ Executive Vice President & Managing Director Chad Kurz represented the seller, and Vice President & Associate Director Kevin McKenna represented the buyer in the transaction, which marked the highest price for a retail property sold in the Northwest Fort Worth submarket in the last year. The newly constructed 23,957-square-foot property sits on 3.61 acres and is leased to Tractor Supply under a new 15-year lease with scheduled rent growth. Positioned along US Highway 380, the asset benefits from strong visibility, convenient access, and proximity to surrounding national and regional retailers, supporting long-term tenant demand and investment stability. The Matthews™ agents leveraged the firm’s proprietary platform to directly source a trusted repeat buyer completing a 1031 exchange. The California-based investor was attracted to the property’s new construction, long-term lease, scheduled rent growth, and alignment with their net lease acquisition criteria. Through close coordination between both parties, Matthews™ facilitated an efficient transaction process, resulting in a 27-day closing. “Investor demand for essential retail tenants like Tractor Supply continues to drive the market, particularly for assets with long-term leases and strong real estate fundamentals,” McKenna said. “We were able to leverage our network to source an ideal 1031 exchange buyer and achieve a swift closing that met our client’s strategic objectives.” For more information, please contact Chad Kurz, Kevin McKenna, or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Chad Kurz

Executive Vice President & Managing Director

Brunswick West grocery-anchored shopping center Georgia sale Winn-Dixie

Matthews™ Facilitates Sale of a Grocery-Anchored Shopping Center in Georgia

BRUNSWICK, GA— Matthews™, a commercial real estate investment services and technology firm, completed the sale of Brunswick West, a grocery-anchored shopping center, located at 5420 New Jesup Hwy in Brunswick, Georgia. Matthews™ Senior Vice Presidents Pierce Mayson & Kyle Stonis, and Associate Vice President Boris Shilkrot represented the seller in the transaction. Strategically positioned off I-95, one of the busiest thoroughfares on the Eastern Seaboard, the 77,485-square-foot asset serves as a primary retail destination for the Brunswick/Kingsland submarket, drawing from a wide trade radius and benefiting from 60,600 vehicles per day. The center is anchored by one of the few remaining Winn-Dixies in Georgia, which recently executed a new 10-year lease extension through 2034, and a new 13,500-square-foot Dollar Tree. The seller, H & R Brunswick, LLC, elected to bring the property to market as part of a strategic capital recycling strategy. The Matthews™ agents leveraged their deep expertise in Southeast grocery-anchored retail and a longstanding client relationship, having successfully executed four prior Winn-Dixie-anchored dispositions for the seller, to deliver a seamless transaction from start to finish. Matthews™ sourced the buyer directly, ultimately securing Hakimian Holdings, Inc., a Jacksonville-based family office for whom the asset represented a strong portfolio fit given its proximity and long-term cash flow profile. The buyer plans to continue operating the center to capitalize on its stable, long-term cash flow. “The sale of Brunswick West represents the final of 5 Winn-Dixie anchored assets that our team has executed for our seller,” Mayson said. “With an overall lack of available grocery-anchored product in the Southeast over the last year, this asset provided an excellent opportunity for the buyer to acquire a neighborhood grocery-anchored center with a long history of success at the location.” For more information, please contact Pierce Mayson, Kyle Stonis, and Boris Shilkrot or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Pierce Mayson

Senior Vice President

Image of Matthews™ Expands Multifamily Presence in Dallas with FVP Hire Success Story

Matthews™ Expands Multifamily Presence in Dallas with FVP Hire

DALLAS, TX— Matthews™, a commercial real-estate investment services and technology firm, welcomes Bryce Smith as First Vice President. Based in Dallas, Smith is an apartment investment sales professional specializing in B and C class multifamily properties, with a statewide footprint spanning Dallas-Fort Worth, Houston, San Antonio, and emerging secondary markets throughout Texas. Since entering multifamily brokerage in 2018, Smith has transacted more than $400 million in multifamily assets, advising clients on acquisitions and dispositions through a relationship-driven, results-oriented approach. Prior to joining Matthews™, Smith spent nearly eight years at The Multifamily Group, where he advanced from Senior Advisor to Senior Managing Director. Earlier in his career, he built his foundation through single-family sales and luxury apartment leasing. Smith joined Matthews™ to leverage the firm’s national platform, resources, and relationships to better serve clients and continue expanding his multifamily practice across Texas. “I’ve been fortunate to spend the last eight years working with multifamily owners and investors across Texas, and I’m excited for this next chapter with Matthews,” Smith said. “The firm has built an outstanding platform and reputation, and I look forward to continuing to grow my business while helping clients capitalize on opportunities throughout the market.” Matthews™ Senior Managing Director Andrew Gross says Smith’s addition is part of a broader initiative to strengthen the firm’s Dallas multifamily division. “Bryce brings the kind of technical expertise and market acumen that strengthens our operations on the ground in Dallas,” Gross said. “His deep roots across Texas and proven ability to execute in both primary and secondary markets make him an exceptional addition, and allow us to better serve clients across every stage of the transaction process.” Smith joins the firm at a pivotal moment in the Texas multifamily cycle. Rapid development across the Dallas metroplex has pushed the market into a supply digestion phase, yet the fundamentals driving renter demand remain firmly intact. Steady population growth, a declining homeownership rate among adults under 35, and elevated home prices and mortgage rates that have made purchasing increasingly unaffordable continue to sustain demand across the state. For more information, please contact a Matthews™ specialized agent or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Bryce Smith

First Vice President

State College Storage self-storage facility in Pennsylvania sold to U-Haul — self-storage sale State College Pennsylvania

Matthews™ Facilitates Sale of State College Storage in Pennsylvania

PHILADELPHIA, PA— Matthews™, a commercial real estate investment services and technology firm, completed the sale of a self-storage facility, located at 3490 W College Ave in State College, PA. Matthews™ Senior Vice President and Director Austin McLeod and Associate Jack Connelly represented the seller in the transaction, marking Matthews™ largest self-storage transaction in Pennsylvania. State College Storage is a newly constructed, 58,800-square-foot net rentable self-storage facility comprising 513 climate-controlled and drive-up units, situated along West College Avenue in State College, Pennsylvania. Located less than four miles from Penn State University, the property is strategically positioned to serve robust demand from the local student body and residential community. The property received its Certificate of Occupancy in Q4 2024 and was in the early stages of lease-up at the time of sale. The seller, a private developer, had previously brought the property to market in 2025. After the Matthews™ agents identified the opportunity, they moved quickly to identify a buyer and deliver an offer above the seller’s expectations before the seller could pursue a joint venture with a local storage group. The buyer, U-Haul, which owns and manages more than 2,100 self-storage facilities across North America, was looking to advance its longstanding goal of establishing a presence in the State College market. “This transaction required a high level of collaboration and diligence from both the buyer and seller to bring it across the finish line smoothly, ” Connelly said. “The self-storage sector remains highly competitive, and this closing underscores our commitment to delivering exceptional results and maximizing value for our clients.” For more information, please contact Austin McLeod and Jack Connelly or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Austin McLeod

Senior Vice President & Director

Matthews™ Chris Nelson CRE Aspiring Leader

Matthews™ Chris Nelson Named a 2026 Aspiring Leader in CRE by GlobeSt

SAN DIEGO, CA— GlobeSt names Matthews™ First Vice President and Senior Director, Chris Nelson, a 2026 Aspiring Leader in CRE by GlobeSt   This recognition highlights leading commercial real estate professionals under the age of 40 who are shaping the industry through exemplary leadership, strategic foresight, and a strong commitment to clients.   Nelson was recognized for his nine years of experience in commercial real estate and his track record of transacting well over $600 million in sales volume throughout Southern California. His recent transactions include a $9.25 million sale marking the highest price-per-square-foot in its submarket over the prior two years, and a $13.2 million, 12-property industrial portfolio acquisition in Otay.   In addition to his professional achievements, Nelson is a back-to-back Matthews™ Chairman’s Award recipient in 2024 and 2025 and is currently pursuing his MBA at USC’s Marshall School of Business.   Click here for more information about this award and its recipients.

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Chris Nelson

First Vice President & Senior Director

Rivermont Square Shopping Center Alpharetta Georgia retail sale

Matthews™ Completes Off-Market Sale of Rivermont Square in Georgia

ATLANTA, GA— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of Rivermont Square Shopping Center, located at 8514-8560 Holcomb Bridge Road in Alpharetta, Georgia. Matthews™ Senior Vice Presidents Kyle Stonis & Pierce Mayson, and Associate Vice President Boris Shilkrot brokered the transaction. The shopping center is positioned along Holcomb Bridge Rd (GA-140), one of North Atlanta’s most heavily traveled corridors with 54,500 vehicles per day. The 105,799-square-foot asset is anchored by Goodwill and Woodcraft and complemented by national tenants including Starbucks, Benjamin Moore, and DEKRA. Currently 92.53% occupied, the property features an advantageous mix of e-commerce-resistant shop uses, including fitness, beauty, dining, and automotive tenants. Matthews™ facilitated the disposition with the direct buyer, Shallowford LLC, a local investor group who saw the asset as a strong long-term fit for their portfolio, given their familiarity with the property and the surrounding market. “We were thrilled to facilitate the sale of Rivermont Square, our second retail asset sold along Holcomb Bridge Rd in the last three months,” Stonis said. “The center’s high-profile location in Alpharetta is a great long-term fit for the local buyer and represents the significant ongoing demand we are seeing in the marketplace for well-located retail product in Atlanta.” For more information, please contact Kyle Stonis, Pierce Mayson, and Boris Shilkrot or visit www.matthews.com. About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Kyle Stonis

Senior Vice President

Matthews™ University, an award-winning training program, expands coast-to-coast as the firm doubles down on creating the next generation of CRE brokers.

Matthews™ Welcomes 500+ New Agents and Interns This Summer

NASHVILLE, TN— Matthews™, a commercial real estate investment services and technology firm, welcomes its largest summer class to date with the onboarding of more than 500 young professionals to the company’s award-winning sales training program, Matthews™ University.   The class comprises interns representing more than 180 universities across the country, alongside 250 new agent hires selected from over 15,500 resumes and 2,140 interviews, reflecting a 1.6% acceptance rate. Participation in Matthews™ University increased by nearly 60% since 2025, reflecting the firm’s continued investment in talent development and long-term growth.   Since Chairman & CEO Kyle Matthews founded the firm in 2015, the conviction has been simple: long-term growth in commercial real estate depends not only on deal flow, but on developing the talent behind it. Too many aspiring brokers enter the business without real training, real mentorship, or a real foundation to build on. Matthews™ University was built to change that.   Beginning June 1, the eight-week training program continues to extend its coast-to-coast reach, offering participants access to 124 specially curated lessons and modules. Led by Matthews™ President David Harrington, executive leadership, top producers, and nationally recognized industry experts, the program covers investment sales, leasing, capital markets, professional development, and career readiness.   Harrington says Matthews™ University plays a defining role in shaping the culture, mindset, and discipline required to build a successful brokerage career.   “In commercial real estate, lasting success comes from relationships, and we build them by delivering real value to owners through market expertise, sourcing opportunities, and grit,” Harrington said. “Matthews University gives every agent that foundation, along with the mentorship and guidance to turn it into client relationships that last.”   Matthews™ University offers year-round training across more than 30 offices nationwide. For more information, please contact a Matthews™ specialized agent or visit www.matthews.com.   About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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David Harrington

President

Image of Chad Kurz Discusses How to Optimize Net Lease With GlobeSt Success Story

Chad Kurz Discusses How to Optimize Net Lease With GlobeSt

Look Beyond the Cap Rate Two different deals with equal cap rates may appear the same, but they rarely carry the same risk or upside potential. “People look at the cap rate as though the deals have the same amount of risk associated with them, but that is just not true,” says Kurz. “Not all cap rates are equal and a good broker or investor knows the difference.” Take two restaurant properties offered for sale; they are in a similar market, with a similar purchase price ($3MM), and a similar cap rate being offered (5.50%).The first property is a small drive-thru only building that can be purchased above replacement cost. It is paying substantially higher rent than market, and operates at a much lower EBITDAR coverage ratio. The second property is paying below market rent; and operating at a much higher EBITDAR coverage ratio. The downside of the first property is substantially higher, and the upside of that property is also substantially lower. It makes no sense that both assets will trade at the same price and the same cap rate, yet they do. As investors analyze deals, it is important to look beyond the cap rate and purchase price, explains Kurz. Learn from Past Mistakes Many investors focus on the quality and prestige of the tenant rather than the real estate fundamentals, but the physical asset is more important than the tenant alone. “Real estate is the ultimate security. Focus on quality real estate that happens to have a lease attached to it, don’t focus solely on the lease,” says Kurz. “With every net lease asset, the lease will eventually go away and you’ll be left with just the real estate. Buyers that don’t understand that often don’t realize they just purchased an annuity.” Buyers today, individual investors, family offices, DSTs, and large institutional investors, are making the same mistakes they have made in past decades. They purchase property based on the credit of the tenant and the length of the lease with little regard to the actual underlying real estate. As the lease term burns down, the credit of the tenant downgrades, or the tenant reduces rent or vacates, they lose a substantial amount of their initial equity. “If anything, the mistakes buyers are making today are worse than in the past,” says Kurz. “Twenty years ago, a premier credit tenant was at least located on a great corner, even if it was a challenging box to re-use. Today, some of the premier credit tenants are in challenging boxes to re-use, and they’re also located in undesirable locations.” Consider Shorter Lease Structures One of the other concepts buyers don’t understand is that higher interest rates and post-Covid inflation have had a major impact on new construction assets. Chad Kurz explains, “higher interest rates mean that developers are building at higher cap rates, and inflation means it’s more expensive to build. This has caused rent for new construction properties to be significantly higher than where they were just 5 years ago.” Understanding the nuances of net lease provides owners and brokers great opportunities in today’s market to manage their portfolio.

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Chad Kurz

Executive Vice President & Managing Director

Image of Matthews™ Completes Sale of Shenandoah Plaza in Georgia Success Story

Matthews™ Completes Sale of Shenandoah Plaza in Georgia

ATLANTA, GA— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of Shenandoah Plaza, located at 216-230 Bullsboro Drive in Newnan, Georgia. Matthews™ Senior Vice Presidents Pierce Mayson and Kyle Stonis, and Associate Vice President Boris Shilkrot represented the seller in the transaction.   The 147,251-square-foot shopping center, located in a growing suburban community within the Atlanta MSA, serves as a primary retail destination in the Newnan submarket, and benefits from 52,200 vehicles per day along Bullsboro Dr (GA-34). Shenandoah Plaza is anchored by Advance Auto Parts, Planet Fitness, and Goodwill, sitting at 98.64% occupancy with a resilient roster of over 90% national and regional tenants.   The seller, an affiliate of Hackney Real Estate Partners, elected to bring the property to market following the successful replacement of Big Lots with Advance Auto Parts and Planet Fitness as part of a capital recycling strategy. Leveraging their deep market knowledge and an extensive 1031 exchange investor network, the Matthews™ agents secured a buyer, an existing client actively seeking an exchange opportunity. The buyer, an affiliate of JBL Asset Management, plans to continue operating the center and capitalizing on its long-term cash flow.   “We are very excited to be able to sell Shenandoah Plaza for the third time in the last 13 years”, Mayson said. “The center has long been a mainstay retail destination in the Newnan market and continues to level up its anchor mix in conjunction with the city’s growth. Our execution of the sale with a strong 1031 client of ours and the overall interest that we had in the Property is a testament to the continued demand we are seeing for proven retail product in strategic southeastern markets.”   For more information, please contact Kyle Stonis, Pierce Mayson, Boris Shilkrot or visit www.matthews.com.   About JBL Asset Management JBL Asset Management is a privately held commercial real estate company specializing in retail shopping center acquisitions, management and development. Founded in 2005 by Jacob Khotoveli, the South Florida-based firm invests private capital on behalf of itself and its investment partners across major metropolitan areas in the eastern United States. JBL’s portfolio currently exceeds three million square feet of real estate.   About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Pierce Mayson

Senior Vice President

Aerial view of Inverrary on the Lake apartment community in Lauderhill Florida Inverrary on the Lake sale

Matthews™ Completes Sale of Inverrary on the Lake in Florida

FORT LAUDERDALE, FL— Matthews™, a commercial real estate investment services and technology firm, facilitated the sale of an apartment building, located at 2561, 2571, 2581, 2591 NW 56th Ave in Lauderhill, Florida. Matthews™ Associate Vice President Gabriel Peña and Associate Erik Leon represented both the seller and buyer in the $5,800,000 transaction.   Centrally located in the Sunrise Submarket, Inverrary on the Lake offers walkable accessibility to national retailers, including Publix, Walgreens, and Pollo Tropical, with convenient access to Florida’s Turnpike and I-95. The 33,246-square-foot asset features 36 units, comprising 18 two-bedroom/one-bathroom and 18 two-bedroom/two-bathroom units, each equipped with an in-unit washer and dryer, central A/C, and assigned parking. The community benefits from on-site amenities including a community pool, clubhouse, scenic lake views, and 18 private storage units.   Motivated to bring the asset to market as a loan on the property was approaching maturity, the seller, Shimon Mazar, engaged Matthews™ to find a buyer who understood the asset’s unique structure as an HOA operating as a single multifamily building. The assignment required persistence, as the transaction spanned over a year and a half, navigating two price reductions and three separate contracts. The Matthews™ agents leveraged the firm’s proprietary database to directly source the buyer, Jay Krigsman, who was attracted to the property’s upside potential. To facilitate the disposition, Matthews™ Capital Markets secured favorable financing for Krigsman at 80% LTV and a 5.1% interest rate, resulting in an attractive cost basis of $161,111 per unit.   “This deal is a testament to the power of relationships and persistence,” Peña said. “Three contracts, two price reductions, and a year and a half later, we never stopped working for our client. When the right moment came, we knew exactly who to call, and having the backing of the firm’s database and finance division gave us every tool we needed to get this across the finish line.”   For more information, please contact Gabriel Peña and Erik Leon or visit www.matthews.com.   About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Gabriel Peña

Associate Vice President

Francisco Nacorda Senior Vice President at Matthews Real Estate hospitality SVP hire Florida

Matthews™ Strengthens Florida Hospitality Service Line with SVP Hire

ORLANDO, FL— Matthews™, a commercial real estate investment services and technology firm, welcomed Francisco Nacorda as Senior Vice President. With nearly 25 years of experience, Nacorda has closed more than $2.5 billion in hospitality and commercial real estate transactions, advising clients on acquisitions, development capital, recapitalizations, and portfolio liquidity strategies.   Prior to Matthews™, Nacorda spent nine years as Senior Vice President at Mag Mile Capital, where he arranged hotel debt and equity, including bridge and permanent financing, for owners nationwide across transactions ranging from $10 million to more than $300 million. Earlier in his career, Nacorda spent 11 years as LD Capital’s Senior Executive Vice President, sourcing, underwriting, and structuring debt and equity for mid- to large-balance commercial transactions. He also held leadership roles across banking and real estate finance, with experience spanning credit, underwriting, sales, and operations.   For Nacorda, joining Matthews™ represented an opportunity to enhance the level of service, insight, and execution he can provide to clients in a rapidly evolving hospitality market across the Central and South Florida markets.   Nacorda’s addition marks an intentional expansion of the firm’s service lines into Central Florida.   Matthews™ Regional President of the East, Bill Pedersen, said Nacorda is instrumental in strengthening the firm’s regional Florida presence and Southeast presence.   “Francisco is a powerhouse in the hospitality space, and his move to Matthews™ is a testament to the strength of our platform,” Pedersen said. “His deep understanding of capital structures and his reputation for high-level execution will play a key role as we expand our capabilities and support hotel owners and investors throughout Central and South Florida.”   For more information or to contact a Matthews™ specialized agent, visit www.matthews.com.   About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Francisco Nacorda

Senior Vice President

Aerial view of 222 Arch St apartment building in Laguna Beach California near the ocean - Laguna Beach apartment building sale

Matthews™ Facilitates Record-Breaking $10.4M Sale of an Apartment Building in California

ORANGE COUNTY, CA— Matthews™, a commercial real estate investment services and technology firm, completed the sale of a 13-unit apartment building, located at 222 Arch St in Laguna Beach, California. Matthews™ Executive Vice President & Senior Directors Mark Bridge and Daniel Withers represented the seller in the $10,425,000 transaction, which marks the highest sale price for a multifamily sale in the South County submarket within the last two years.   Positioned just 300 feet from Arch Beach, each unit features ocean views, private balconies, in-unit stacked washer and dryers, and individual roll-up garage parking. The 12,300-square-foot property underwent capital improvements in 2017, including new granite countertops, custom cabinetry, fresh flooring, new bathroom tile, vanities, and lighting, a full stainless-steel appliance package, double-pane vinyl windows, and a new roof in 2024. Given the high-barrier-to-entry market, the seller, the Cohen Family Trust, elected to bring the property to market as part of a capital relocation strategy.   Matthews™ structured a competitive bidding environment, generating nearly 10 offers, ultimately securing a buyer completing a 1031 exchange. Modern Development Company, a California LP, was attracted to the asset’s long-term appreciation potential and prime coastal positioning. The Matthews™ agents leveraged their market acumen and maintained consistent communication to proactively structure a path that created a favorable outcome for the seller while also meeting the buyer’s strategic objectives.   “Assets of this caliber don’t come to market often in Laguna Beach, but when they do, the demand speaks for itself,” Bridge said. “Our longstanding relationships in the market allowed us to set a new benchmark for pricing in South County and achieve a fantastic result for our client.”   For more information, please contact Mark Bridge and Daniel Withers or visit www.matthews.com.   About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Mark Bridge

Executive Vice President & Senior Director

Former Apple Mountain Resort at 901 Rockford Creek Road in Clarksville, Georgia aerial view

Matthews™ Auction Services Sells Hospitality Asset in Georgia

ATLANTA, GA— Matthews™, a commercial real estate investment services and technology firm, facilitated the $9,150,000 sale of the former Apple Mountain Resort, located at 901 Rockford Creek Rd in Clarkesville, Georgia. Matthews™ First Vice President & Associate Director Connor Kerns, First Vice President Mitchell Glasson, and Vice President of Auction Services Robert Anderson facilitated the transaction, marking the firm’s second successful auction services sale with the seller this year.   Spanning 90,960 square feet across eight buildings, the 100% vacant value-add asset offers an attractive per-room basis for redevelopment with minimal end-use restrictions. The property features 96 two-bedroom suites, each equipped with a king bed, kitchen, Wi-Fi, and televisions, complemented by resort amenities including a swimming pool and golf course.   The seller, a repeat client who had successfully placed assets up for bid as part of a broader portfolio restructuring, sought Matthews through a Crexi broker introduction to extend their auction strategy outside of Texas. Leveraging the hyper-specialization of the firm’s in-house auction services, hospitality, and multifamily divisions, the Matthews™ agents targeted hospitality and multifamily housing investor driving significant interest and a competitive bidding environment, despite the complexities of the site’s golf course operations.   After conducting 23 property tours and attracting 13 approved bidders, Matthews sourced the buyer, who had been actively pursuing deals on Crexi’s auction platform. Looking to acquire a significant value-add project, the buyer provided a nonrefundable 10% deposit, allowing the seller to secure a 50-day escrow with certainty of close.   “Exceeding the auction reserve by more than 20% on a 100% vacant asset is a testament to the strength of our platform and the depth of our buyer relationships,” Anderson said. “By leveraging our multifamily, hospitality, and auction divisions together, we were able to generate the kind of competitive environment that delivered an exceptional result for our client.   For more information, please contact Robert Anderson, Connor Kerns, Mitchell Glasson or visit www.matthews.com.   About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Connor Kerns

First Vice President & Associate Director

StoreEase Self-Storage and industrial business park at 2445 Hilton Drive in Gainesville, Georgia aerial view

Matthews™ Facilitates Sale of StoreEase Self-Storage in Georgia

ATLANTA, GA— Matthews™, a commercial real estate investment services and technology firm, completed the sale of StoreEase Self-Storage, a industrial and storage business park, located at 2445 Hilton Dr in Gainesville, Georgia. Matthews™ Senior Vice Presidents & Directors Austin McLeod and Harrison Auerbach, and Associate Vice President Thomas Wilkinson represented the seller in the transaction.   Located along the I-985 corridor, the 72,423-square-foot asset sits approximately 54 miles northeast of Downtown Atlanta, in one of the MSA’s highest-growth corridors. The masonry-constructed campus spans approximately 11.46 acres, featuring 97 grade-level doors, 14-foot clear heights, and L-I (Light Industrial) zoning. The property offers a diverse unit mix spanning traditional self-storage units from 5×5 to 10×30 and shallow-bay industrial suites from 22×50 to 34×60, catering to a broad tenant base from individual storage users to small businesses and light industrial operators.   Leveraging the firm’s self-storage and industrial divisions’ databases, the Matthews™ agents cast a wide net across two distinct investor pools, ultimately sourcing a buyer actively seeking to expand their Georgia industrial footprint, who saw the property as a compelling opportunity to add a self-storage component to their portfolio. Throughout the transaction process, Matthews™ maintained close coordination between both parties, ensuring an efficient and smooth closing.   “This deal speaks to the power of having specialists across multiple product types working together under one roof, ” McLeod said. “By accessing both our self-storage and industrial investor networks, we were able to create a highly competitive environment and deliver the right result for our client.”   For more information, please contact Austin McLeod, Harrison Auerbach, and Thomas Wilkinson or visit www.matthews.com.   About Matthews™ Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.

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Austin McLeod

Senior Vice President & Director