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Mark McFate

Associate, CBRE

Mark McFate is a Vice President at CBRE Phoenix Multifamily Institutional Properties.15 He specializes in selling land to multifamily developers.15 He is also part of the Phoenix Multifamily Institutional Properties team.4 Mark's LinkedIn username is mark-mcfate-58832912.3

Mark's colleagues at CBRE include Asher Gunter, Matt Pesch, and Sean Cunningham, all of whom are Vice Chairmen. Other colleagues include Austin Groen, Mike Higgins, Griffen Tymins, Mitchell Stravitz, Jeff Casper, and Gregory Thornburgh.1 Mark can be reached at +1 602 735 1720 or mark.mcfate@cbre.com.2

Highlights

Jul 23 · linkedin

CBRE is pleased to have represented The Garrett Companies on the acquisition of this garden multifamily land site in Chandler, Arizona.   Although new development remains challenging, on the ground fundamentals suggest we are moving to a more constructive window, especially in submarkets like Chandler where only ±1,200 conventional multifamily units will deliver from 2025-2027. As rent-to-income has rebalanced, resident demand across the market is noticeably elevated. Year-to-date absorption for the Phoenix MSA totaled ±11,500 units through Q2’24, while Chandler absorption specifically totaled ±500 units over the same period. #multifamilyland #development #brokerage #chandler #landsale

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Mark McFate
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Location

Phoenix, Arizona, United States