NEW
YORK, March 3, 2025 /PRNewswire/ -- Newmark
announces that the firm has arranged a $275
million loan to refinance 63-67 Wall Street, a two-tower
multifamily asset located in New York
City. Co-President of Global Debt & Structured
Finance Jordan Roeschlaub, Vice
Chairmen Nick Scribani and
Chris Kramer arranged the financing
on behalf of owners Rockpoint, a Boston-based real estate private equity firm,
and Brooksville Company, a vertically integrated real estate
investment and management firm. Apollo Global Management provided
the funding.
Rockpoint and Brooksville Company acquired 63-67 Wall
Street in 2016, and have since invested heavily in apartment
renovations, fully upgraded common areas and amenity space, and a
reconfiguration of the retail space. The 816-unit residential
complex was originally constructed as two separate office buildings
– 67 Wall Street, built in 1921 as the headquarters for the Munson
Shipping Company, and 63 Wall Street, built in 1928 as the
headquarters for Brown Brothers Harriman & Co. The buildings
were converted into apartments in 2006 and 2004, respectively.
Located in the heart of the Financial District, the property
today provides residents with convenient access to fine dining,
shopping and immediate proximity to numerous transportation
lines.
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 December 31,
2024, Newmark generated revenues of over $2.7 billion. As of December 31, 2024, Newmark and our business
partners together operated from approximately 170 offices with more
than 8,000 professionals across four continents. 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.
