Boston, MA — (September 9, 2024) — SVN International Corp., a top ten global commercial real estate services organization, today announced the appointment of Lukas Krause as its Chief Executive Officer. Krause, a real estate veteran and entrepreneur, is set to steward SVN through its next phase of expansion and ongoing commitment to providing best-in-class service and solutions to clients worldwide.
Krause officially took up his role as CEO on August 19, 2024. However, he is no stranger to SVN, having served on its Board of Directors for years, a role he will continue to fulfill.
“SVN’s unique culture of collaboration made hiring from within a key priority,” said Mark Van Ness, SVN Founder. “Lukas has been an exceptional leader on our Board and is fully aligned with our values. His high-growth orientation, strong operational expertise, and servant-leader approach make him the ideal person to lead our 200+ owner/operators and 2,000-member team, helping them elevate their businesses and enhance client services.”
Krause is renowned for his ability to build world-class operations and expand support capabilities, resulting in industry-leading customer experiences. His track record of transforming companies across various sectors into industry leaders is well-established. Previously, Krause served as CEO of Real Property Management, where he scaled the company to manage over $13B in assets, President of National Corporate Housing, and CEO of SkyRun Vacation Rentals, where his expertise consistently fueled exceptional growth and enhanced client satisfaction.
At SVN, Krause is set to spearhead the company’s dynamic expansion efforts, positioning SVN as the premier top 5 commercial real estate services firm dedicated solely to the needs of clients, owner-operators, and the communities it serves. By focusing exclusively on these key stakeholders, SVN under Krause’s leadership will continue to foster unparalleled growth and innovation, free from the influence of public shareholders or private equity groups. He aims to accelerate SVN’s growth in market share, strengthen capabilities, support the owner-operators, and enhance property management and advisory services. This growth is driven by SVN’s mission to serve the underserved global commercial real estate communities through open collaboration, inclusivity, and innovation.
“Being able to change the face of an industry, in the way that we are doing at SVN, is a once-in-a-lifetime opportunity,” said Krause. “But ambitions like that aside, real estate is a people business, and SVN is a really special group of people. My role, primarily, will be to support collaboration within the system consisting of 2,000+ Advisors and staff, and amplify our capabilities and resources to help them better serve their clients and the commercial real estate industry as a whole.”
About SVN®
SVN® is a globally recognized top ten commercial real estate services organization with a shared vision of creating value with clients, colleagues, and communities. SVN® is comprised of over 2,000 Advisors and staff including more than 200 office owner/operators across the globe. For more information, visit www.svn.com. All SVN offices are independently owned and operated. To see if you qualify to become an SVN commercial real estate business owner, visit http://www.svn.com/franchise/.
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“This is an important indicator of the continued growth of SVN – in cold hard results,” says SVNIC President and CEO Kevin Maggiacomo. “This top 10 ranking solidifies the strength of the SVN brand, the reliability of our many online CRE tools and the talent of our hardworking Advisors.”
economists would describe this state of unemployment as near “full employment” as historical data analyses show that the country rarely dips below 4% and never for that long. Yet, this near historically low unemployment has occurred less from overly robust hiring, but instead from a lack of qualified workers able to fill open positions. In fact, the BLS reported in May a modest +138,000 jobs added to the economy, a good but not great number. Perhaps more importantly, the jobs report showed no single sector reporting significant losses, which indicates that all are hiring or holding steady. In addition, the only sector to have shown persistent losses over the last year, Mining (which includes energy production and exploration), has even reversed itself and is posting significant gains over the last few months. Therefore, the jobs report truly only supports the conclusion of an ever growing, albeit slowly, economy.
macroeconomic cyclical activity. In the past, such low levels of unemployment were often followed by a mild recession within the same timeframe. However, recessions are typically triggered by excessive speculation, risk-taking, and usually hyper aggressive lending that pushes the economy too far. The data does not show any such excesses, especially in the use of leverage or aggressiveness of lenders. So, such predictions may not come true. Second, the labor shortage is being felt very strongly in the construction services and materials sectors. This means the cost to build new properties is rising faster than market rents and prices can justify. The net result is commercial real estate will probably hold its value just fine, and in fact, appreciate in areas where there is short supply. In conclusion, according to the data, we are probably closer to the middle of the cycle than the end.
2. Urbanization is happening across the country.
effect could be measured. Job growth has mostly sustained at robust, consistent levels as unemployment sits at near full employment at 4.7%. Of course, the biggest impact has been stock equity prices. The S&P 500 and Dow Jones Industrial Average have risen approximately 10% since the election as a result of anticipated future growth. This future growth in the economy and jobs, if it materializes, will also mean increased demand for all types of commercial real estate, resulting in a possible rise of rental rates and occupancies.
