Newmark Arranges Sale and Financing of Newly Built 360-Unit Jefferson Cedar Ridge in Dallas, TX

December 2, 2025 1:00 PM

Newmark announces the Company has completed the sale and financing of Jefferson Cedar Ridge, a 360-unit luxury multifamily community located in Southwest Dallas. Newmark Multifamily Capital Markets Executive Managing Director Richard Furr and Vice Chairmen Brian Murphy, and Brian O’Boyle, Jr. represented seller TDI in the transaction.

A Newmark Debt & Structured Finance team of Vice Chairman Braden Harmon, Managing Director Hank Glasgow and Vice President Jeff Fein arranged acquisition financing on behalf of buyer Ashcroft Capital and Pearlmark Real Estate.

“Jefferson Cedar Ridge attracted significant interest, providing investors the opportunity to acquire a core Class A asset, adjacent to three major transportation corridors,” said Furr. “This luxury 360-unit property was completed in 2024 and offers a highly attractive opportunity with modern design and robust amenities.”

According to Newmark Research, the high-growth Dallas-Fort Worth multifamily market continues to outperform national averages in rental demand and sales volume, reinforcing the area’s position as one of the country’s most resilient multifamily investment markets.

“We’re incredibly pleased with this financing, which reflects the robust relationship between Ashcroft Capital and Newmark Capital Markets,” said Harmon. “The successful closing of this acquisition financing underscores Ashcroft’s position as a premier owner/operator of multifamily properties and demonstrates the continued demand for lending on high-quality multifamily properties in Dallas-Fort Worth.”

Jefferson Cedar Ridge is strategically positioned in one of Dallas’s fastest-growing submarkets, adjacent to I-20, I-35 and Hwy. 67, offering seamless access to Downtown Dallas, Arlington, Grand Prairie and DFW International Airport. The property is distinguished by its proximity to major recreational and lifestyle destinations including the 603-acre Cedar Ridge Preserve, Joe Pool Lake and the Arlington Entertainment District.

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 September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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