Newmark Secures $500M Investment on Behalf of Cold Storage Company, Envision
With the funding sourced by Newmark, Envision has closed on acquiring cold storage operations and assets in
"We are excited to announce the launch of Envision and our plans to build one of the preeminent cold storage companies in
Led by an Executive Leadership team with a deep history in the cold storage industry, having previously worked together at the world's second-largest cold storage owner/operator, Americold, Envision continues to build out a best-in-class organization to oversee the expansion and operation of the platform.
"We are proud to have represented Envision in the capitalization by a well-respected institutional investor. Led by an expert team, we expect Envision to have a great runway to create scale in the cold storage sector," commented Roeschlaub.
Newmark's effort on behalf of Envision is part of the Company's continued push into complex joint venture financing, focusing on raising capital for platform and programmatic joint ventures across all real estate sectors.
About Envision Cold
Founded by a leadership team with over 50 years of collective experience with the biggest players in the cold storage industry, Envision Cold is a forward-thinking cold storage developer and operator. Envision combines scale and expertise with an entrepreneurial mindset and dedication to building bespoke solutions—and delivering them quickly. Through partnerships with a best-in-class developer and an elite investor, the firm designs, builds and operates custom temperature-controlled facilities and logistics systems based on customers' specific visions and goals. Envision's value-added services cover the broader cold chain, from initial processing to final mile delivery, and everything in between, providing innovative solutions to customers to bring safeguarded food to the world. Learn more https://www.envisioncold.com/.
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 year ending December 31, 2022, 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 effects of the COVID-19 pandemic on 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.