The Real Deal New York

Glenmark’s Gomez starts Fountain Equities

November 30, 2011
By Adam Fusfeld

David Gomez

Glenmark Realty’s David Gomez has started a new real estate asset management and investment advisory firm, called Fountain Equities. And he took his entire 15-person team with him. In September, Gomez and his team moved from Glenmark to a 3,500-square-foot office on the third floor of 325 Broadway. Fountain is focused on leasing spaces of up to 10,000 square feet, Gomez said, and will soon begin acquiring assets valued at $5 to $20 million.

Including two recent hires, Gomez has 20 people on staff, and expects to expand by about 25 percent in the next six months, he said.
Gomez was previously a managing director at Tribeca-based Glenmark, where he helped launch the firm’s commercial real estate division in 2007.

But Gomez wanted to expand his commercial team, and Glenmark, which focuses primarily on managing a large residential portfolio owned by a single family, wasn’t interested.

Glenmark did not respond to requests for comment, but Gomez said the split was “amiable.” In fact, Gomez is currently working to find tenants for the 19th floor of 291 Broadway — the same space at Glenmark his team occupied before their departure.

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