Newmark Group Inc. Secures $425 Million Refinancing for 78-Property National Self-Storage Portfolio
Newmark Group, Inc., a prominent commercial real estate advisor, has successfully arranged a $425 million refinancing for a national portfolio of 78 self-storage properties. This loan, secured on behalf of Centerbridge Partners and Merit Hill Capital, was provided by Citigroup and Goldman Sachs. The portfolio comprises nearly 32,000 units across 4.65 million rentable square feet, strategically positioned across multiple states. Since 2023, the portfolio has seen an impressive Net Operating Income growth exceeding 18%. The properties are managed by leading national self-storage platforms, including Extra Space, CubeSmart, and Argus. Despite market fluctuations, the self-storage sector remains robust, bolstered by sophisticated revenue management and strong consumer demand.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Newmark Group Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: NY66103) on September 04, 2025, and is solely responsible for the information contained therein.
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