LOS ANGELES—John Swartz and Josh Kaplan have joined Transwestern's capital markets team as SVPs. In this new role, the duo will focus on multifamily investment sales and development in Southern California. Transwestern hired Swartz and Kaplan to expand and grow the team due to the thriving multifamily market.

“The market is continuing to pick up in terms of transactions; vacancy is still extremely low; and multifamily is a great product type that is continuing to grow over the near and long term,” Kaplan tells GlobeSt.com; while Swartz adds, “Multifamily is one of the more stable assets, and we are seeing a lot of investors flock to this sector and change their asset types to multifamily.”

Swartz and Kaplan worked together at Newmark Grubb Knight Frank, where they oversaw multifamily, retail and mixed-use sale and acquisitions, and transitioned to Transwestern as a team. They bring a combined 28 years of experience to the firm, and a strong business plan and client base.

They both note Transwestern's culture and collaborative environment as major reasons they were attracted them to join the firm. “This is a very team oriented company with a magnitude of services that we can offer our clients,” Swartz says. In addition to working on the capital markets team, the two will also work with Transwestern's structured finance team, which also underwent a recent expansion with the addition of Robert Murphy as VP.

Although Swartz and Kaplan have just joined the firm this week, they are excited to be apart of the firm's growth. “Our goal is to continue to grown Transwestern's sales presence in Southern California, and specifically their multifamily sales presence,” says Kaplan. “We are going to continue to provide great service to our clients, and this is an environment that is going to be very conducive to that. Overall, we are looking to grow our client base and to help the company continue to expand.”