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WASHINGTON, DC-The area’s increasingly strong apartment property market will get even more attention now that Cushman & Wakefield has tapped Keith Misner–formerly national director of Grubb & Ellis’s Financial Services Group–to oversee the real estate services concern’s multifamily arm, the Apartment Group. Misner will serve as senior managing director for that division, covering the national market from Cushman & Wakefield’s Washington, DC office.

Misner’s heading up of activities from the District makes strategic sense, as according to Delta Associates’ Third Quarter 2003 Apartment & Condo Report, “the Washington apartment market continues to outpace the nation, with very low vacancy, high absorption rates and rents that rose modestly over the year, compared to steep declines in many markets.”

But Cushman & Wakefield officials are ready to pounce on the national multifamily market, which is headed for a rebound. “We have a tremendous opportunity to expand into underserved markets,” Misner says. “Regardless of the economic climate, there will always be a reason for people to buy and sell apartment buildings. My goal is to be sure that TAG has, and maintains, top-of-mind awareness nationally among our clients and the respect of our industry peers.”

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