NEW
YORK, Dec. 12, 2024 /PRNewswire/ -- Newmark
Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"),
a leading commercial real estate advisor and service provider to
large institutional investors, global corporations, and other
owners and occupiers, announces that the firm has arranged a
$400 million credit facility for PORT
32 Marinas to refinance its existing portfolio of coastal marinas,
and to fund the future acquisition of marinas. Newmark's
Co-Head, Global Debt & Structured Finance Jordan Roeschlaub and Vice Chairman Chris Kramer, in collaboration with Co-Head,
Global Debt & Structured Finance Jonathan Firestone arranged the financing,
which was provided by the Austria-based bank, BAWAG Group.
"This funding underscores the robust and sustained demand for
premier coastal marinas throughout the Eastern U.S.," said
Roeschlaub. "The transaction reflects a forward-looking strategy
that leverages the unique appeal of coastal marinas as essential
infrastructure for both recreation and commerce and is a testament
to both the strength of the asset class and its long-term growth
potential."
About PORT 32 Marinas
Based in Charleston, South
Carolina, PORT 32 is a leading owner, operator and developer
of dry and wet slip coastal marina properties. PORT 32 provides
expertise in the development and management of marina assets to
bring customers an unparalleled level of service within the
industry. PORT 32 owns and operates a growing collection of Class A
marina assets in premier markets. For more information, please
visit https://port32marinas.com.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries
("Newmark"), is a world leader in commercial real estate,
seamlessly powering every phase of the property life cycle.
Newmark's comprehensive suite of services and products is uniquely
tailored to each client, from owners to occupiers, investors to
founders, and startups to blue-chip companies. Combining the
platform's global reach with market intelligence in both
established and emerging property markets, Newmark provides
superior service to clients across the industry spectrum. For the
twelve months ended September 30,
2024, Newmark generated revenues of approximately
$2.6 billion. As of that same date,
Newmark's company-owned offices, together with its business
partners, operated from nearly 170 offices with more than 7,800
professionals around the world. To learn more, visit nmrk.com or
follow @newmark.
Discussion of Forward-Looking Statements about
Newmark
Statements in this document regarding Newmark that are not
historical facts are "forward-looking statements" that involve
risks and uncertainties, which could cause actual results to differ
from those contained in the forward-looking statements. These
include statements about the Company's business, results, financial
position, liquidity, and outlook, which may constitute
forward-looking statements and are subject to the risk that the
actual impact may differ, possibly materially, from what is
currently expected. Except as required by law, Newmark undertakes
no obligation to update any forward-looking statements. For a
discussion of additional risks and uncertainties, which could cause
actual results to differ from those contained in the
forward-looking statements, see Newmark's Securities and Exchange
Commission filings, including, but not limited to, the risk factors
and Special Note on Forward-Looking Information set forth in these
filings and any updates to such risk factors and Special Note on
Forward-Looking Information contained in subsequent reports on Form
10-K, Form 10-Q or Form 8-K.
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SOURCE Newmark Group, Inc.
