Discussion of Forward-Looking Statements about Newmark Newmark, together with London-based partner Knight Frank and independently owned licensees, operates globally from approximately 490 offices with 19,300 professionals. In 2020, Newmark generated revenues in excess of $1.9 billion. Our comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, growing startups to leading companies.
(Nasdaq: NMRK ), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. By taking advantage of one of the best times in history to secure financing, GID has once again put themselves in a favorable position to continue this trend with this world-class portfolio." About Newmark Gianoplus added, "With a pristine track record of over six decades, GID has consistently delivered long-term value from its strategic investments. Select properties feature more luxurious amenities such as spas and sauna rooms, arcade rooms, business centers, pet play areas and washing stations. All individual properties offer residents amenities, including fitness centers, swimming pools, lounges and BBQs. "The high-level of interest shown by the market for this financing speaks to the quality of these assets and the strength of the sponsor." The portfolio consists of Class A assets with a proven operating track record and successful performance throughout COVID-19. "Life companies offer some of the lowest cost of capital in the market for financing multifamily assets and remain highly selective in the opportunities they pursue," said Daya. In California, Vice Chairmen Ramsey Daya and Chris Moritz arranged the financing on behalf of the owner. Vice Chairmen Ramsey Daya and Stephan Gianoplus, Senior Managing Director Chris Moritz and Vice President John Westby-Gibson of Newmark's Debt & Structured Finance team helped arrange the financing in Georgia, Massachusetts and Washington, on behalf of the owner.
Image of The Bravern in Seattle, WA, representative of GID Portfolio, courtesy of Newmark
24, 2021 /PRNewswire/ - Newmark1, as an exclusive advisor to GID Investment Advisers, announces it has arranged $627.55 million in financing for a portfolio of nine Class A multifamily projects, totaling 2,588 units across California, Washington, Massachusetts and Georgia. We operate nationwide from ten offices located in Boston, MA New York, NY Washington, DC Atlanta, GA Houston, TX Denver, CO San Francisco, CA and Los Angeles, CA.Newmark Arranges $628 Million in Portfolio Financing on Behalf of GID Investment Advisers We also own 490,085 square feet of office space in three buildings. In addition, we have under active development 14 multifamily properties totaling 4,268 apartment homes located in 10 states and 4 industrial developments with 1,248,202 square feet. Our combined companies' portfolio consists of 116 multifamily properties totaling 33,119 apartment homes (including 848,342 square feet of office and retail space) located in 13 states, along with 2.4 million square feet of industrial space. We are an active buyer and developer of these types of real estate on behalf of our institutional co-investment partners and for our own account. Our current initiatives are focused primarily on multifamily, industrial, mixed-use, for-sale condominium, and retail projects. We have divisions specializing in development, acquisitions, real estate funds, portfolio and asset management, and property management. These properties consist of a wide spectrum of real estate categories including multifamily rental properties, industrial, for-sale condominiums, retail, office, hotel, and parking uses. Over our 60-year history, we have developed or acquired over 86,000 residential units and 16.8 million square feet of commercial space. People are the root of GID's success, enabling the firm to deliver quality results to our investment partners. Since our formation in 1960, our various businesses have stood on the same, simple principles of quality, service, and integrity. GID's commitment to the multifamily sector spans 6 decades and the company has the resources to sustain strong, stable growth for decades more. It is not only the foundation of who we are it is the future of who we are. GID is a vertically-integrated real estate developer, investor and operator.
0 kommentar(er)
