Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio
Newmark (NASDAQ:NMRK) has successfully arranged a $425 million refinancing loan for a national portfolio of 78 self-storage properties on behalf of Centerbridge Partners and Merit Hill Capital. The portfolio, managed by leading platforms Extra Space, CubeSmart, and Argus, comprises 32,000 units across 4.65 million rentable square feet.
The portfolio has demonstrated remarkable performance with NOI growth exceeding 18% since 2023. The financing was secured through Citigroup and Goldman Sachs. Market indicators remain strong, with self-storage facilities maintaining a 90.7% same-store occupancy rate nationwide, supported by robust consumer fundamentals and efficient revenue management systems.
Newmark (NASDAQ:NMRK) ha perfezionato un rifinanziamento da 425 milioni di dollari per un portafoglio nazionale di 78 strutture self-storage per conto di Centerbridge Partners e Merit Hill Capital. Il portafoglio, gestito da primarie piattaforme come Extra Space, CubeSmart e Argus, comprende 32.000 unit脿 per 4,65 milioni di piedi quadrati affittabili.
Il portafoglio ha mostrato performance notevoli con una crescita del NOI superiore al 18% dal 2023. Il finanziamento 猫 stato ottenuto tramite Citigroup e Goldman Sachs. I segnali di mercato rimangono solidi: le strutture self-storage registrano un tasso di occupazione same-store del 90,7% a livello nazionale, sostenuto da solidi fattori di domanda dei consumatori e da efficienti sistemi di gestione dei ricavi.
Newmark (NASDAQ:NMRK) ha conseguido un pr茅stamo de refinanciaci贸n de 425 millones de d贸lares para una cartera nacional de 78 instalaciones de self-storage en nombre de Centerbridge Partners y Merit Hill Capital. La cartera, gestionada por las principales plataformas Extra Space, CubeSmart y Argus, incluye 32.000 unidades en 4,65 millones de pies cuadrados alquilables.
La cartera ha mostrado un rendimiento notable con un crecimiento del NOI superior al 18% desde 2023. La financiaci贸n se asegur贸 a trav茅s de Citigroup y Goldman Sachs. Los indicadores del mercado siguen siendo fuertes, con instalaciones de self-storage manteniendo una tasa de ocupaci贸n same-store del 90,7% a nivel nacional, respaldada por s贸lidos fundamentos del consumo y eficientes sistemas de gesti贸n de ingresos.
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鞚� 韽姼韽措Μ鞓る姅 2023雲� 鞚错泟 NOI臧� 18% 鞚挫儊 歃濌皜頃橂姅 霌� 霙办柎雮� 鞁れ爜鞚� 氤挫榾鞀惦媹雼�. 鞚措矆 鞛愱笀臁半嫭鞚� Citigroup瓿� Goldman Sachs毳� 韱淀暣 頇曤炒霅橃棃鞀惦媹雼�. 鞁滌灔 歆�響滊姅 鞐爠頌� 瓴“頃橂┌, 靺�頂勳姢韱犽Μ歆� 鞁滌劋鞚� 鞝勱淡鞝侅溂搿� 霃欖澕 鞝愴彫 鞝愳湢鞙�(same-store) 90.7%鞚� 鞙犾頃橁碃 鞛堨柎 韮勴儎頃� 靻岆箘鞛� 靾橃殧鞕� 須湪鞝侅澑 靾橃澋甏�毽� 鞁滌姢韰滌澊 鞚措ゼ 霋冯皼旃晿瓿� 鞛堨姷雼堧嫟.
Newmark (NASDAQ:NMRK) a conclu un refinancement de 425 millions de dollars pour un portefeuille national de 78 sites de self-stockage pour le compte de Centerbridge Partners et Merit Hill Capital. Le portefeuille, g茅r茅 par des plateformes majeures telles qu'Extra Space, CubeSmart et Argus, comprend 32 000 unit茅s sur 4,65 millions de pieds carr茅s louables.
Le portefeuille a affich茅 des performances remarquables avec une croissance du NOI sup茅rieure 脿 18% depuis 2023. Le financement a 茅t茅 assur茅 par Citigroup et Goldman Sachs. Les indicateurs du march茅 restent solides : les installations de self-stockage maintiennent un taux d'occupation same-store de 90,7% au niveau national, soutenu par de robustes fondamentaux consommateurs et des syst猫mes de gestion des revenus efficaces.
Newmark (NASDAQ:NMRK) hat erfolgreich eine 425-惭颈濒濒颈辞苍别苍-顿辞濒濒补谤-搁别蹿颈苍补苍锄颈别谤耻苍驳蝉蹿补锄颈濒颈迟盲迟 f眉r ein nationales Portfolio von 78 Self-Storage-Immobilien im Auftrag von Centerbridge Partners und Merit Hill Capital arrangiert. Das Portfolio, verwaltet von f眉hrenden Plattformen wie Extra Space, CubeSmart und Argus, umfasst 32.000 Einheiten auf 4,65 Millionen vermietbaren Quadratfu脽.
Das Portfolio verzeichnete eine bemerkenswerte Performance mit einem NOI-Wachstum von 眉ber 18% seit 2023. Die Finanzierung wurde 眉ber Citigroup und Goldman Sachs gesichert. Die Marktindikatoren bleiben stark: Self-Storage-Anlagen halten landesweit eine Same-Store-Auslastung von 90,7%, gest眉tzt von robusten Verbraucherdaten und effizienten Ertragsmanagementsystemen.
- Portfolio achieved strong NOI growth of over 18% since 2023
- Successfully secured substantial $425 million refinancing
- High industry occupancy rate of 90.7% indicates strong market demand
- Portfolio benefits from management by leading national operators
- None.
The Portfolio totals nearly 32,000 units across 4.65 million rentable square feet and is strategically located in multiple states. Under the sponsor's ownership, the Portfolio has experienced outstanding Net Operating Income (NOI) growth in excess of
According to , demand for self-storage units across the
About Centerbridge Partners
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines 鈥� Private Equity, Private Credit and AG真人官方 Estate 鈥� in an effort to develop the most attractive opportunities for our investors. The Firm was founded in 2005 and, as of June 30, 2025, has approximately
About Merit Hill Capital
Merit Hill Capital is a real estate investment firm focused on acquiring one-off or small portfolio investments in private market transactions. Founded in 2016 by Liz Raun Schlesinger, Merit Hill manages REITs focusing on self-storage properties and has been an active investor in varying market cycles over the past 19+ years. Since inception, Merit Hill has acquired 535 self-storage facilities, in 339 separate transactions, consisting of more than 34.4 million rentable square feet across 38 states. Merit Hill engages third-party property managers, including some of the largest publicly traded self-storage REITs, to manage daily operations at the property level. Merit Hill actively oversees the third-party property managers while implementing targeted value-add initiatives and selective capital improvement projects to improve operational performance and maximize investor returns.
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.鈥疐or the twelve months ended June 30, 2025, Newmark generated revenues of over
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.
FAQ
What is the size of the refinancing loan Newmark (NMRK) arranged for the self-storage portfolio?
How many units and square feet does the Newmark-refinanced storage portfolio include?
What is the NOI growth of the storage portfolio under current ownership?
What is the current occupancy rate for self-storage facilities according to Newmark Research?
Which companies are managing the Newmark-refinanced storage portfolio?
