Newmark Advises Blackstone in $4B Privatization of Retail Opportunity Investments Corp.
Newmark Group (NMRK) has announced its role as the lead commercial real estate advisor in Blackstone's $4 billion acquisition of Retail Opportunity Investments Corp (ROIC). The transaction, which closed on February 12, 2025, involved Blackstone Real Estate Partners X acquiring all outstanding ROIC common shares at $17.50 per share in an all-cash deal.
The acquisition encompasses 93 grocery-anchored retail properties with a total area of 10.5 million square feet. The deal was facilitated by Newmark's senior executives, including Doug Harmon, Conor Lalor, Jordan Roeschlaub, and Andrew Warin, representing various divisions within the firm.
Newmark Group (NMRK) ha annunciato il suo ruolo come principale consulente immobiliare commerciale nell'acquisizione da 4 miliardi di dollari da parte di Blackstone della Retail Opportunity Investments Corp (ROIC). La transazione, conclusa il 12 febbraio 2025, ha visto Blackstone Real Estate Partners X acquisire tutte le azioni ordinarie di ROIC a 17,50 dollari per azione in un'operazione completamente in contante.
L'acquisizione comprende 93 proprietà commerciali ancorate a supermercati con una superficie totale di 10,5 milioni di piedi quadrati. L'accordo è stato facilitato dai dirigenti senior di Newmark, tra cui Doug Harmon, Conor Lalor, Jordan Roeschlaub e Andrew Warin, che rappresentano varie divisioni all'interno dell'azienda.
Newmark Group (NMRK) ha anunciado su papel como asesor principal en bienes raíces comerciales en la adquisición de 4 mil millones de dólares por parte de Blackstone de Retail Opportunity Investments Corp (ROIC). La transacción, que se cerró el 12 de febrero de 2025, involucró a Blackstone Real Estate Partners X adquiriendo todas las acciones comunes de ROIC a 17,50 dólares por acción en un acuerdo completamente en efectivo.
La adquisición abarca 93 propiedades comerciales ancladas en supermercados con un área total de 10,5 millones de pies cuadrados. El acuerdo fue facilitado por los ejecutivos senior de Newmark, incluidos Doug Harmon, Conor Lalor, Jordan Roeschlaub y Andrew Warin, que representan varias divisiones dentro de la firma.
Newmark Group (NMRK)는 Blackstone의 40억 달러 인수에서 주요 상업용 부동산 자문 역할을 수행한다고 발표했습니다. 이 거래는 2025년 2월 12일에 마감되었으며, Blackstone Real Estate Partners X는 ROIC의 모든 보통주를 주당 17.50달러에 전액 현금으로 인수했습니다.
이번 인수에는 슈퍼마켓이 있는 93개의 소매 부동산이 포함되며, 총 면적은 1050만 평방피트입니다. 이 거래는 Doug Harmon, Conor Lalor, Jordan Roeschlaub, Andrew Warin 등 Newmark의 고위 경영진이 주도했습니다.
Newmark Group (NMRK) a annoncé son rôle en tant que conseiller principal en immobilier commercial dans le cadre de l'acquisition de 4 milliards de dollars par Blackstone de Retail Opportunity Investments Corp (ROIC). La transaction, qui a été finalisée le 12 février 2025, a impliqué Blackstone Real Estate Partners X acquérant toutes les actions ordinaires de ROIC à 17,50 dollars par action dans un accord entièrement en espèces.
L'acquisition comprend 93 propriétés de détail ancrées par des supermarchés avec une superficie totale de 10,5 millions de pieds carrés. L'accord a été facilité par les cadres supérieurs de Newmark, y compris Doug Harmon, Conor Lalor, Jordan Roeschlaub et Andrew Warin, représentant différentes divisions au sein de la société.
Newmark Group (NMRK) hat seine Rolle als führender kommerzieller Immobilienberater bei der 4-Milliarden-Dollar-Akquisition von Blackstone der Retail Opportunity Investments Corp (ROIC) bekannt gegeben. Die Transaktion, die am 12. Februar 2025 abgeschlossen wurde, beinhaltete, dass Blackstone Real Estate Partners X alle ausstehenden ROIC-Stammaktien zum Preis von 17,50 Dollar pro Aktie in einem rein bargeldbasierten Geschäft erwarb.
Die Akquisition umfasst 93 Einzelhandelsimmobilien, die an Lebensmittelgeschäfte gebunden sind, mit einer Gesamtfläche von 10,5 Millionen Quadratfuß. Der Deal wurde von den leitenden Angestellten von Newmark, darunter Doug Harmon, Conor Lalor, Jordan Roeschlaub und Andrew Warin, die verschiedene Abteilungen innerhalb der Firma vertreten, ermöglicht.
- Secured advisory role in major $4B real estate transaction
- Demonstrates capability to handle large-scale institutional deals
- Strengthens relationship with key client Blackstone
- None.
Insights
This $4 billion privatization deal marks a pivotal transaction for Newmark, demonstrating their capability to execute complex, large-scale advisory mandates. Based on typical investment banking fee structures for deals of this magnitude, this transaction could generate advisory fees in the range of
The strategic significance extends beyond the immediate financial impact. By advising Blackstone, one of the world's largest real estate investors with over
The transaction's focus on grocery-anchored retail properties is particularly noteworthy. This subsector has demonstrated resilience through economic cycles due to its essential-needs nature and steady foot traffic. The portfolio's substantial size of 10.5 million square feet across 93 properties indicates a complex transaction requiring sophisticated advisory services, further validating Newmark's expertise in handling intricate, multi-property portfolios.
This deal also positions Newmark favorably against competitors like CBRE and JLL in the institutional advisory space. Successfully executing a transaction of this scale enhances their credibility for future large-scale privatization mandates, particularly as private equity firms continue to target public real estate companies trading at discounts to their underlying asset values.
Newmark Co-Head of
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, 2024, Newmark generated revenues of approximately
Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity, and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.
View original content to download multimedia:https://www.prnewswire.com/news-releases/newmark-advises-blackstone-in-4b-privatization-of-retail-opportunity-investments-corp-302377195.html
SOURCE Newmark Group, Inc.
FAQ
What is the total value of the ROIC acquisition advised by Newmark (NMRK)?
How much did Blackstone pay per share for ROIC in the deal advised by NMRK?
How many properties were included in the ROIC portfolio acquisition advised by NMRK?
When did the Blackstone-ROIC transaction advised by NMRK close?
What type of properties were involved in the NMRK-advised Blackstone acquisition?
