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Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio

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Newmark (NASDAQ:NMRK) has successfully arranged a $425 million refinancing loan for a national portfolio of 78 self-storage properties on behalf of Centerbridge Partners and Merit Hill Capital. The portfolio, managed by leading platforms Extra Space, CubeSmart, and Argus, comprises 32,000 units across 4.65 million rentable square feet.

The portfolio has demonstrated remarkable performance with NOI growth exceeding 18% since 2023. The financing was secured through Citigroup and Goldman Sachs. Market indicators remain strong, with self-storage facilities maintaining a 90.7% same-store occupancy rate nationwide, supported by robust consumer fundamentals and efficient revenue management systems.

Newmark (NASDAQ:NMRK) ha perfezionato un rifinanziamento da 425 milioni di dollari per un portafoglio nazionale di 78 strutture self-storage per conto di Centerbridge Partners e Merit Hill Capital. Il portafoglio, gestito da primarie piattaforme come Extra Space, CubeSmart e Argus, comprende 32.000 unità per 4,65 milioni di piedi quadrati affittabili.

Il portafoglio ha mostrato performance notevoli con una crescita del NOI superiore al 18% dal 2023. Il finanziamento è stato ottenuto tramite Citigroup e Goldman Sachs. I segnali di mercato rimangono solidi: le strutture self-storage registrano un tasso di occupazione same-store del 90,7% a livello nazionale, sostenuto da solidi fattori di domanda dei consumatori e da efficienti sistemi di gestione dei ricavi.

Newmark (NASDAQ:NMRK) ha conseguido un préstamo de refinanciación de 425 millones de dólares para una cartera nacional de 78 instalaciones de self-storage en nombre de Centerbridge Partners y Merit Hill Capital. La cartera, gestionada por las principales plataformas Extra Space, CubeSmart y Argus, incluye 32.000 unidades en 4,65 millones de pies cuadrados alquilables.

La cartera ha mostrado un rendimiento notable con un crecimiento del NOI superior al 18% desde 2023. La financiación se aseguró a través de Citigroup y Goldman Sachs. Los indicadores del mercado siguen siendo fuertes, con instalaciones de self-storage manteniendo una tasa de ocupación same-store del 90,7% a nivel nacional, respaldada por sólidos fundamentos del consumo y eficientes sistemas de gestión de ingresos.

Newmark (NASDAQ:NMRK)는 Centerbridge Partners와 Merit Hill Capital을 대신해 전국 78개 셀프스토리지 자산 포트폴리오에 대해 4억2500만 달러 규모의 재융자 대출을 성사시켰습니다. Extra Space, CubeSmart, Argus 등 주요 플랫폼이 관리하는 이 포트폴리오는 32,000개 유닛, 임대 가능 면적 465만 제곱피트를 포함합니다.

이 포트폴리오는 2023년 이후 NOI가 18% 이상 증가하는 등 뛰어난 실적을 보였습니다. 이번 자금조달은 Citigroup과 Goldman Sachs를 통해 확보되었습니다. 시장 지표는 여전히 견조하며, 셀프스토리지 시설은 전국적으로 동일 점포 점유율(same-store) 90.7%을 유지하고 있어 탄탄한 소비자 수요와 효율적인 수익관리 시스템이 이를 뒷받침하고 있습니다.

Newmark (NASDAQ:NMRK) a conclu un refinancement de 425 millions de dollars pour un portefeuille national de 78 sites de self-stockage pour le compte de Centerbridge Partners et Merit Hill Capital. Le portefeuille, géré par des plateformes majeures telles qu'Extra Space, CubeSmart et Argus, comprend 32 000 unités sur 4,65 millions de pieds carrés louables.

Le portefeuille a affiché des performances remarquables avec une croissance du NOI supérieure à 18% depuis 2023. Le financement a été assuré par Citigroup et Goldman Sachs. Les indicateurs du marché restent solides : les installations de self-stockage maintiennent un taux d'occupation same-store de 90,7% au niveau national, soutenu par de robustes fondamentaux consommateurs et des systèmes de gestion des revenus efficaces.

Newmark (NASDAQ:NMRK) hat erfolgreich eine 425-Millionen-Dollar-Refinanzierungsfazilität für ein nationales Portfolio von 78 Self-Storage-Immobilien im Auftrag von Centerbridge Partners und Merit Hill Capital arrangiert. Das Portfolio, verwaltet von führenden Plattformen wie Extra Space, CubeSmart und Argus, umfasst 32.000 Einheiten auf 4,65 Millionen vermietbaren Quadratfuß.

Das Portfolio verzeichnete eine bemerkenswerte Performance mit einem NOI-Wachstum von über 18% seit 2023. Die Finanzierung wurde über Citigroup und Goldman Sachs gesichert. Die Marktindikatoren bleiben stark: Self-Storage-Anlagen halten landesweit eine Same-Store-Auslastung von 90,7%, gestützt von robusten Verbraucherdaten und effizienten Ertragsmanagementsystemen.

Positive
  • Portfolio achieved strong NOI growth of over 18% since 2023
  • Successfully secured substantial $425 million refinancing
  • High industry occupancy rate of 90.7% indicates strong market demand
  • Portfolio benefits from management by leading national operators
Negative
  • None.

NEW YORK, Sept. 4, 2025 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the Company has arranged a $425 million loan on behalf of Centerbridge Partners and Merit Hill Capital for the refinancing of a national portfolio of 78 self-storage properties ("the Portfolio"). Newmark Co-President of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani and Director John Caraviello secured the financing from Citigroup and Goldman Sachs.

The Portfolio totals nearly 32,000 units across 4.65 million rentable square feet and is strategically located in multiple states. Under the sponsor's ownership, the Portfolio has experienced outstanding Net Operating Income (NOI) growth in excess of 18% since 2023. Leading national self-storage platforms Extra Space, CubeSmart and Argus manage the properties third-party.

According to Newmark Research, demand for self-storage units across the U.S. remains strong, with same-store occupancy of 90.7% and elevated Google search traffic. Sophisticated revenue management platforms, improving operational efficiency and healthy consumer fundamentals have helped the sector navigate troughs in demand and maintain strong NOI margins.

About Centerbridge Partners
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines — Private Equity, Private Credit and Real Estate — in an effort to develop the most attractive opportunities for our investors. The Firm was founded in 2005 and, as of June 30, 2025, has approximately $43 billion in assets under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies. For more information, please visit www.centerbridge.com | LinkedIn.

About Merit Hill Capital
Merit Hill Capital is a real estate investment firm focused on acquiring one-off or small portfolio investments in private market transactions. Founded in 2016 by Liz Raun Schlesinger, Merit Hill manages REITs focusing on self-storage properties and has been an active investor in varying market cycles over the past 19+ years. Since inception, Merit Hill has acquired 535 self-storage facilities, in 339 separate transactions, consisting of more than 34.4 million rentable square feet across 38 states. Merit Hill engages third-party property managers, including some of the largest publicly traded self-storage REITs, to manage daily operations at the property level. Merit Hill actively oversees the third-party property managers while implementing targeted value-add initiatives and selective capital improvement projects to improve operational performance and maximize investor returns.

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
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.

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SOURCE Newmark Group, Inc.

FAQ

What is the size of the refinancing loan Newmark (NMRK) arranged for the self-storage portfolio?

Newmark arranged a $425 million refinancing loan for a portfolio of 78 self-storage properties.

How many units and square feet does the Newmark-refinanced storage portfolio include?

The portfolio includes 32,000 units across 4.65 million rentable square feet located in multiple states.

What is the NOI growth of the storage portfolio under current ownership?

The portfolio has experienced NOI growth exceeding 18% since 2023 under the current ownership.

What is the current occupancy rate for self-storage facilities according to Newmark Research?

According to Newmark Research, same-store occupancy for self-storage facilities stands at 90.7%.

Which companies are managing the Newmark-refinanced storage portfolio?

The properties are managed by Extra Space, CubeSmart, and Argus as third-party operators.
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