Newmark Arranges Sale and Financing of Two Multifamily Properties Totaling 573 Units in Texas

October 23, 2025 9:00 AM

Newmark announces the Company has arranged the sale and acquisition financing of two multifamily properties: Echo, a 274-unit podium community minutes from downtown Austin, and Brady, a 299-unit high-rise in Uptown Dallas. The properties were acquired by Karlin Real Estate.

An Austin-based team led by Newmark Vice Chairman Patton Jones and Managing Director Andrew Dickson, along with a Dallas-based team led by Vice Chairmen Brian O’Boyle, Jr. and Brian Murphy, represented the undisclosed seller in the transaction. Co-President, Global Debt & Structured Finance Jonathan Firestone, Vice Chairman Blake Thompson and Director Travis Bailey secured the financing on behalf of the buyer.

“Echo and Brady benefit from highly desirable urban infill locations with high barriers to entry,” said Jones. “Both assets are surrounded by high-end retail, entertainment and expensive single-family homes. Karlin was drawn to the core plus profile and the value-add potential of two very high-quality assets. Additionally, Karlin approached this opportunity focused on acquiring scale in two of the most popular markets in the country.”

Located within The Triangle mixed-use district, Echo offers walkable access to retail, restaurants and park space and connectivity to Austin’s employment nodes, including downtown and The Domain/Arboretum. The seven-story property features resort-style amenities, a seventh-floor sky lounge with downtown views and structured parking.

Brady rises 18 stories in the heart of Uptown Dallas and delivers an array of amenities, including a roof terrace, pool, fitness center, business center and pet facilities. The property is situated in a highly walkable location with convenient access to transit and both Dallas Love Field and DFW International airports.

“The successful closing of this acquisition financing, which is a testament to Karlin Real Estate’s position as one of the premier owners and operators of multifamily properties, demonstrates the continued demand and appetite to lend on high-quality multifamily properties across the country,” said Firestone.

Newmark’s Debt & Structured Finance team also sourced the refinancing of Karlin’s two Austin development assets, The Edition at Research Park and The Post at Parmer, further underscoring Karlin’s commitment to strategic growth in key Texas markets.

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.

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