Largest Privately-Owned CRE Brokerage Records 56% Increase in Sales Volume
Nashville, TN— Matthews Real Estate Investment Services™, a commercial real estate investment services and technology firm, reported its eighth year of double-digit revenue growth in 2022. This year marked another record-breaking year of hiring, office and market growth for the company. As of December 2022, Matthews™ has completed 4,518 transactions, totaling over $14.25 billion in sales volume, a 56 percent increase year-over-year.
In addition, the firm relocated its corporate headquarters to Nashville and secured Phoenix as its National Operations Center, housing a multitude of support departments. The brokerage grew its headcount, adding over 120 agents and employees throughout the year. To support the rapid growth of both the sales team and platform support, Matthews™ also added multiple commercial real estate veterans including, Kurt Sauer, Kevin Salmon, Ian Luscombe, and Nicole Capobianco, as well as adding industry titan Cliff Carnes to lead the growth of Matthews™ Capital Markets.
At the start of 2022, the company launched its in-house technology division, Matthews™ PropTech. The division is currently developing an exclusive platform to streamline the transaction process and enhance productivity through technological advancements.
“While the past year’s market conditions certainly presented challenges, our company has been resilient and has outpaced competitors,” President David Harrington said. “This is due to our commitment to the fundamentals of commercial real estate brokerage along with aggressive, yet thoughtful growth, while maintaining the Matthews™ culture that has been the main driver of our success and will be what propels us in the future.”
2022 Notable Achievements:
- Office opening of Fort Lauderdale
- Office opening of Minneapolis
- Appointment of David J. Harrington as President
- Appointment of Matt Fitzgerald to Managing Director, Central U.S.
- Appointment of Bill Pedersen to Managing Director, Eastern U.S.
“This year was another example of the overarching success our clients, leaders, agents, and employees have cultivated,” CEO and Chairman Kyle Matthews said. “We’ve reached feats in eight years that other brokerages haven’t reached in decades and I’m proud to say we are just getting started. We plan to open several more offices in 2023, continue to recruit, and propel technological advancements in CRE.”
For more information or to contact a Matthews™ specialized agent, please visit www.matthews.com.
Matthews Real Estate Investments Services™, 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 400 agents and support staff in 15 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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