Newmark is pleased to announce Sara E. Payne, MAI has been promoted to Valuation & Advisory (V&A) Senior Managing Director and Market Co-Leader of Texas and Louisiana. She will co-lead the market alongside Senior Managing Director David O. Thibodeaux, MAI, reporting to U.S. Valuation & Advisory Practice Leader Helene Jacobson, MAI, MRICS. Prior to her promotion to Senior Managing Director, Payne served as Senior Vice President for the V&A practice.

“Sara has completed appraisals of some of the most prominent and complex properties in this market,” said Thibodeaux. “She provides tremendous value to our clients through her technical expertise and nuanced understanding of the market. Her commitment to excellence extends to mentorship of her colleagues and leadership among her peers. We are excited to see Sara step into this role.”

A commercial real estate expert with 17 years of valuation experience, Payne’s expertise includes purchase price accounting in addition to valuation consulting and portfolio valuations. She has extensive experience in all core asset types, predominantly office properties and regional malls. She also served on the Board of Directors of the Houston Chapter of the Appraisal Institute from 2017 to 2019 and as Houston Chapter President in 2020.

“I am proud to lead this incredibly talented team with David,” said Payne. “Our technology platform has ignited a new level of efficiency and as it continues to advance, I look forward to the new milestones we will be able to achieve.”

Prior to Payne joining Newmark in 2017, she served as Vice President in the Houston office of Jones Lang LaSalle’s Valuation & Advisory group. Her real estate career extends over a decade with substantial experience at Integra Realty Resources, Ernst & Young and Duff & Phelps.