Newmark Group Inc. Secures $690 Million Refinancing for Sun Belt Multifamily Portfolio

On January 30, 2026, Newmark Group, Inc. (Nasdaq: NMRK), a prominent player in commercial real estate advisory and services, announced a significant milestone in multifamily financing. The firm successfully arranged a substantial $690 million loan for West Shore, facilitating the refinancing of a diversified portfolio consisting of 13 multifamily properties across five states—Florida, Kentucky, South Carolina, Tennessee, and Texas. This transaction marks the largest multifamily closing in the United States for the year to date and highlights the robust demand for multifamily investments in the Sun Belt region.

The refinancing was executed as a cash-out, single-asset single-borrower (SASB) loan, with Citi serving as the originating lender. Purvesh Gosalia, Newmark's Capital Markets Executive Vice Chairman, represented West Shore in this landmark deal. This transaction signifies Newmark's third SASB engagement with West Shore within a span of just 15 months, culminating in a remarkable total of $1.8 billion in loan proceeds.

In October 2025, Newmark had previously arranged $600 million in financing for eight multifamily properties for West Shore, showcasing the firm’s growing partnership with this active multifamily owner in the Sun Belt region.

Gosalia remarked on the transaction, stating, "This transaction highlights the strong investor appetite for well-located, institutional-quality multifamily assets across the Southeast and Sun Belt." He noted that West Shore's portfolio attracted highly competitive financing, underlining the continued allure of these markets to institutional capital.

The multifamily portfolio in question encompasses a total of 4,077 units, featuring a blend of garden-style and townhome communities. The properties offer a variety of one- to three-bedroom floorplans and come equipped with desirable amenities, including pools, fitness centers, pet parks, clubhouses, and outdoor spaces. Notably, the assets are strategically situated across five Florida cities—Daytona Beach, Gainesville, Melbourne, Ocala, and Tallahassee—as well as in Columbia and Lexington, South Carolina; Knoxville, Tennessee; and Bryan, Texas.

According to Newmark Research, multifamily debt originations experienced a remarkable 37% increase year-over-year in 2025. This surge indicates a strong concentration of investor capital in Sun Belt markets, which accounted for nearly 45% of investment sales activity in the prior year. Such trends are indicative of a thriving real estate sector, where institutional investors are increasingly drawn to multifamily assets in these rapidly growing regions.

Newmark Group, Inc., along with its subsidiaries, is recognized as a global leader in commercial real estate, adeptly navigating every phase of the property life cycle. With a comprehensive suite of services tailored to meet the diverse needs of clients—from owners and occupiers to investors and startups—Newmark combines its expansive global reach with local market intelligence. As of September 30, 2025, the firm generated over $3.1 billion in revenues, operating from approximately 170 offices worldwide and employing over 8,500 professionals across four continents.

The $690 million refinancing transaction for West Shore by Newmark Group underscores the continuing strength of the multifamily sector in the U.S., particularly in high-demand regions like the Sun Belt. With increasing investor interest and significant capital flows into these markets, Newmark remains well-positioned to leverage its expertise and resources to facilitate further growth and opportunities in commercial real estate.