Newmark Arranges Recapitalization of 14-Property Dallas-Fort Worth Self-Storage Portfolio for Hines and CubeSmart
Newmark has arranged a significant recapitalization and new joint venture between Hines and CubeSmart for a 14-property self-storage portfolio in the Dallas-Fort Worth Metroplex. The transaction, one of the largest self-storage portfolio deals of 2024, was led by Newmark's Vice Chairman Aaron Swerdlin and Executive Managing Director Andrew Warin.
The portfolio features over 9,700 units across more than 1.25 million net rentable square feet, operating under the CubeSmart Self Storage brand. The properties are strategically located in key submarkets including Arlington and Plano, targeting areas with rapid population growth and increasing storage demand.
According to Newmark's Q3 2024 report, Dallas ranks third for projected population growth, demonstrating strong correlation between favorable macroeconomic trends and investment activity in the region.
Newmark ha organizzato una significativa ricapitalizzazione e una nuova joint venture tra Hines e CubeSmart per un portafoglio di 14 immobili per la vendita al dettaglio nella zona di Dallas-Fort Worth Metroplex. La transazione, una delle più grandi operazioni nel settore della vendita al dettaglio del 2024, è stata guidata dal Vice Presidente di Newmark, Aaron Swerdlin, e dal Direttore Esecutivo, Andrew Warin.
Il portafoglio comprende oltre 9.700 unità distribuite su più di 1,25 milioni di piedi quadrati netti affittabili, operando sotto il marchio CubeSmart Self Storage. Gli immobili sono strategicamenti situati in submercati chiave, tra cui Arlington e Plano, mirando a aree con una rapida crescita della popolazione e un crescente fabbisogno di spazio di archiviazione.
Secondo il rapporto di Newmark del terzo trimestre 2024, Dallas si classifica al terzo posto per la crescita demografica prevista, dimostrando una forte correlazione tra tendenze macroeconomiche favorevoli e attività di investimento nella regione.
Newmark ha organizado una importante recapitalización y una nueva empresa conjunta entre Hines y CubeSmart para un portafolio de 14 propiedades de autoalmacenamiento en el área metropolitana de Dallas-Fort Worth. La transacción, una de las más grandes del sector de autoalmacenamiento en 2024, fue liderada por el Vicepresidente de Newmark, Aaron Swerdlin, y el Director Ejecutivo, Andrew Warin.
El portafolio cuenta con más de 9,700 unidades distribuidas en más de 1.25 millones de pies cuadrados netos rentables, operando bajo la marca CubeSmart Self Storage. Las propiedades están estratégicamente ubicadas en submercados clave, incluidos Arlington y Plano, con enfoque en áreas con rápido crecimiento poblacional y creciente demanda de almacenamiento.
Según el informe del tercer trimestre de 2024 de Newmark, Dallas ocupa el tercer lugar en proyección de crecimiento poblacional, demostrando una fuerte correlación entre tendencias macroeconómicas favorables y actividad de inversión en la región.
뉴마크는 하인즈와 큐브스마트 간의 중요한 자본 재구성 및 새로운 합작 투자 계약을 체결하여 달라스-포트워스 메트로플렉스에 있는 14개 자산의 셀프 스토리지 포트폴리오를 구성했습니다. 이번 거래는 2024년 셀프 스토리지 포트폴리오 거래 중 가장 큰 거래 중 하나로, 뉴마크의 부회장 아론 스워들린과 전무이사 앤드류 와린이 주도했습니다.
이 포트폴리오는 큐브스마트 셀프 스토리지 브랜드 하에 운영되는 9,700개 유닛 이상과 125만 제곱피트 이상의 순 임대 가능한 공간을 제공합니다. 이 자산은 아링턴과 플래노를 포함한 주요 하위 시장에 전략적으로 위치해 있으며, 인구 증가가 빠르게 일어나고 있는 지역과 저장 요구가 증가하는 지역을 목표로 하고 있습니다.
뉴마크의 2024년 3분기 보고서에 따르면, 달라스는 예상 인구 성장률 3위에 올라 있으며, 이는 호의적인 거시 경제 트렌드와 지역 내 투자 활동 간의 강한 상관관계를 보여줍니다.
Newmark a organisé une recapitalisation significative et un nouveau partenariat entre Hines et CubeSmart pour un portefeuille de stockage autonome comprenant 14 propriétés dans la région de Dallas-Fort Worth Metroplex. La transaction, l'une des plus importantes dans le secteur du stockage autonome pour l'année 2024, a été dirigée par le vice-président de Newmark, Aaron Swerdlin, et le directeur général exécutif, Andrew Warin.
Le portefeuille comporte plus de 9 700 unités réparties sur plus de 1,25 million de pieds carrés nettes locatives, fonctionnant sous la marque CubeSmart Self Storage. Les propriétés sont stratégiquement situées dans des sous-marchés clés, notamment Arlington et Plano, ciblant des zones avec une croissance rapide de la population et une demande croissante de stockage.
Selon le rapport du troisième trimestre 2024 de Newmark, Dallas se classe troisième en matière de croissance démographique prévue, démontrant une forte corrélation entre les tendances macroéconomiques favorables et l'activité d'investissement dans la région.
Newmark hat eine bedeutende Rekapitalisierung und ein neues Joint Venture zwischen Hines und CubeSmart für ein 14-Objekte Self-Storage-Portfolio im Dallas-Fort Worth-Metropolgebiet arrangiert. Die Transaktion, eine der größten Self-Storage-Portfolio-Deals des Jahres 2024, wurde von Newmarks Vizepräsident Aaron Swerdlin und dem geschäftsführenden Direktor Andrew Warin geleitet.
Das Portfolio umfasst über 9.700 Einheiten auf mehr als 1,25 Millionen netto vermietbaren Quadratfuß, die unter der Marke CubeSmart Self Storage betrieben werden. Die Objekte sind strategisch in wichtigen Teilmärkten wie Arlington und Plano gelegen und zielen auf Gebiete mit schnellem Bevölkerungswachstum und steigender Lagernachfrage ab.
Laut Newmarks Bericht aus dem 3. Quartal 2024 belegt Dallas den dritten Platz bei der prognostizierten Bevölkerungswachstumsrate, was eine starke Korrelation zwischen günstigen makroökonomischen Trends und Investitionstätigkeit in der Region zeigt.
- Portfolio encompasses 9,700+ units across 1.25 million net rentable square feet
- Strategic presence in high-growth Dallas-Fort Worth submarkets
- Dallas ranks third in projected population growth nationally
- Strong macroeconomic indicators including net migration and job growth
- None.
Insights
This landmark self-storage portfolio recapitalization deal in Dallas-Fort Worth marks a pivotal transaction for Newmark (NMRK), showcasing the firm's growing prominence in the self-storage capital markets sector. The transaction's significance extends beyond its immediate scope, offering several key insights for investors:
The deal's structure - a recapitalization with CubeSmart, a leading self-storage REIT - demonstrates the evolving sophistication of self-storage investments. With over 1.25 million square feet across 14 properties, this portfolio's scale positions it as one of 2024's largest self-storage transactions, potentially generating substantial fee revenue for Newmark's capital markets division.
The strategic importance of this deal is amplified by Dallas-Fort Worth's demographic tailwinds. The market's position as the third-highest in projected population growth suggests strong future demand drivers. The portfolio's location in high-growth submarkets like Arlington and Plano indicates careful market selection, targeting areas with robust household formation and income growth - key demand drivers for self-storage.
For Newmark, this transaction reinforces their competitive position in the self-storage sector, particularly through their specialized National Self Storage Capital Markets practice. The successful execution of such a significant portfolio deal could lead to increased market share in this specialized sector, potentially driving future revenue growth through similar large-scale transactions.
Joint venture of Hines and CubeSmart closes on one of
"As one of the largest national self-storage portfolio transactions of 2024, this transaction was a testament to the strength of the
Warin added, "We are proud to have played a key role in bringing the Hines and CubeSmart partnership to fruition."
The portfolio, which encompasses more than 9,700 units across over 1.25 million net rentable square feet, is operating under the CubeSmart Self Storage brand. Strategically situated in key
According to Newmark's Q3 2024 Self-Storage Report,
About Hines
Hines is a leading global real estate investment manager. We own and operate
¹Includes both the global Hines organization and RIA AUM as of June 30, 2024. |
About CubeSmart
CubeSmart (NYSE: CUBE) is a self-administered and self-managed real estate investment trust. The Company's self-storage properties are designed to offer affordable, easily accessible and, in most locations, climate-controlled storage space for residential and commercial customers. According to the 2024 Self-Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in
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.
i by square footage, per Newmark Research's analysis of Real Capital Analytics and CoStar data |
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SOURCE Newmark Group, Inc.
FAQ
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