July 30, 2025 9:00 AM
Newmark announces that the Company has arranged the $230 million recapitalization of a six-property, 1,600-unit multifamily portfolio on behalf of Slate Asset Management and ZMR Capital (“ZMR”). The transaction includes the introduction of joint venture equity from Slate Asset Management and the placement of $169 million in senior financing from Fannie Mae.
Newmark Director Ricky Warner arranged the transaction alongside Executive Managing Directors Henry Stimler, Bill Weber and Matt Mense and Associate Nicholas Matzorkis.
The portfolio was evaluated with Newmark’s guidance, resulting in a capital restructuring that extended ZMR’s business plan, introduced a long-term institutional partner and injected fresh equity to support a five-year hold strategy. The solution allowed ZMR to stay on as an operating partner and enhanced flexibility amid shifting market conditions.
“This transaction is emblematic of the solutions we’re delivering to clients navigating near-term maturities,” said Warner. “By unlocking a joint venture structure with new capital and long-term agency financing, we helped position ZMR and Slate for continued success in the multifamily market.”
Amid a wave of upcoming multifamily loan maturities expected between 2025 and 2027, Newmark continues to lead in delivering strategic capital solutions, with the transaction representing the Newmark team’s seventh recapitalization year-to-date.
The portfolio includes more than 1,600 units across three states:
- Upland Townhomes – Mableton, GA
- Park at Peachtree Hills – Atlanta, GA
- The Boardwalk Apartments – Fort Myers, FL
- Skye Oaks – Brandon, FL
- Hanley Place Apartments – Port Richey, FL
- The Flats – Mesa, AZ
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 June 30, 2025, Newmark generated revenues of over $2.9 billion. As of June 30, 2025, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about Newmark
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