Newmark Group, Inc. arranged a $690 million loan on behalf of West Shore to refinance 13 multifamily properties across Florida, Kentucky, South Carolina, Tennessee and Texas. The portfolio covers 4,077 units in garden‑style and townhome communities, including properties in Daytona Beach, Gainesville, Melbourne, Ocala, Tallahassee, Columbia, Lexington, Knoxville and Bryan.
The deal is the largest multifamily closing in the United States for 2026 to date and marks Newmark’s third single‑asset single‑borrower transaction with West Shore, adding $1.8 billion of loan proceeds in the past 15 months. The repeat business underscores Newmark’s growing influence in the Sun Belt and its ability to secure large, complex financing for institutional‑quality assets.
Multifamily debt originations rose 37 % year‑over‑year in 2025, and Sun Belt markets accounted for nearly 45 % of investment sales activity that year. The refinancing reflects strong investor appetite for well‑located, institutional‑quality multifamily assets in the Southeast, driven by population growth, job creation and a favorable cost‑of‑living environment.
Newmark’s revenue for the twelve months ended September 30, 2025 topped $3.1 billion, a 21 % increase from the prior year. Management raised full‑year 2025 revenue guidance to $3.175 billion–$3.325 billion, signaling confidence in continued transaction volume and repeat business.
Executive Vice Chairman Purvesh Gosalia said the deal demonstrates “strong investor appetite for well‑located, institutional‑quality multifamily assets across the Southeast and Sun Belt.” He added that the partnership with West Shore highlights Newmark’s expertise in structuring large, repeatable financing solutions.
The refinancing positions Newmark to capture further growth in the Sun Belt, where demographic trends and robust lending activity create a tailwind for institutional multifamily assets. The transaction reinforces the firm’s reputation as a leading advisor and suggests a continued trajectory of high‑value deal flow in the region.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.