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NEW YORK - Cushman & Wakefield (NYSE:CWK) has appointed Sherry Freitas as President of Asset Services Multifamily, effective Monday, the real estate services firm announced in a press release.
In her new role, Freitas will oversee U.S. operations for the division, leading more than 4,000 employees who manage residential properties for clients.
Freitas brings over 20 years of industry experience to the position, having previously overseen more than 300,000 residential units throughout her career. She is a Certified Property Manager and served on the Board of Directors for the Atlanta Apartment Association for 10 years, including as Board Chair in 2021.
"Sherry is a proven advocate for culture, aligning directly with our focus on people-first leadership," said Marla Maloney, Co-Chief Executive, Americas, in the statement.
Freitas holds a Bachelor of Business Administration from Radford University.
Cushman & Wakefield, headquartered in New York, employs approximately 52,000 people across nearly 400 offices in 60 countries. The company reported revenue of $9.4 billion in 2024 across its core service lines.
In other recent news, Cushman & Wakefield reported its second-quarter 2025 earnings, surpassing expectations with a 7% organic revenue growth and a significant 50% increase in earnings per share. Following these results, the company raised its full-year outlook, reflecting strong business momentum and operational efficiencies. Additionally, Goldman Sachs upgraded Cushman & Wakefield’s stock rating from Sell to Buy, citing improved performance in key areas, and set a price target of $17.50. Citizens JMP also raised its price target for the company to $16.00 from $15.00, maintaining a Market Outperform rating.
Cushman & Wakefield’s shareholders have approved the company’s plan to change its place of incorporation from England and Wales to Bermuda, with approval rates ranging from 95.22% to 99.99%. This decision was supported by Institutional Shareholder Services, which recommended the redomiciliation for economic savings and tax neutrality. Furthermore, the company successfully repriced its $840 million Term Loan, reducing the interest rate by 25 basis points. The original maturity date of January 2030 remains unchanged, with all other terms substantially the same.
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