{"id":883088,"date":"2025-09-06T22:50:19","date_gmt":"2025-09-07T02:50:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/"},"modified":"2025-09-06T22:50:19","modified_gmt":"2025-09-07T02:50:19","slug":"newmark-secures-425-million-refinancing-for-national-self-storage-portfolio","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/","title":{"rendered":"Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Sept. 4, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <b>Newmark Group, Inc. (Nasdaq: NMRK) (&#8220;Newmark&#8221; or &#8220;the Company&#8221;), 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 <span class=\"xn-money\">$425 million<\/span> loan on behalf of Centerbridge Partners and Merit Hill Capital for the refinancing of a national portfolio of 78 self-storage properties (&#8220;the Portfolio&#8221;). <\/b>Newmark Co-President of Global Debt &amp; Structured Finance <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4502389-1&amp;h=2806037776&amp;u=https%3A%2F%2Fwww.nmrk.com%2Fpeople%2Fjordan-roeschlaub&amp;a=Jordan+Roeschlaub\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">Jordan Roeschlaub<\/span><\/a>, Vice Chairman <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4502389-1&amp;h=2334732851&amp;u=https%3A%2F%2Fwww.nmrk.com%2Fpeople%2Fnick-scribani&amp;a=Nick+Scribani\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">Nick Scribani<\/span><\/a>\u00a0and Director <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4502389-1&amp;h=123275165&amp;u=https%3A%2F%2Fwww.nmrk.com%2Fpeople%2Fjohn-caraviello&amp;a=John+Caraviello\" target=\"_blank\" rel=\"nofollow\"><span class=\"xn-person\">John Caraviello<\/span><\/a>\u00a0secured the financing from Citigroup and Goldman Sachs.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1057994\/Newmark_Group_Logo_v1.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1057994\/Newmark_Group_Logo_v1.jpg\" title=\"Newmark Group, Inc. (PRNewsfoto\/Newmark Group, Inc.)\" alt=\"Newmark Group, Inc. (PRNewsfoto\/Newmark Group, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>The Portfolio totals nearly 32,000 units across 4.65 million rentable square feet and is strategically located in multiple states. Under the sponsor&#8217;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.<\/p>\n<p>According to <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4502389-1&amp;h=119574706&amp;u=https%3A%2F%2Fwww.nmrk.com%2Fservices%2Finvestor-solutions%2Fcapital-markets%2Fself-storage-capital-markets&amp;a=Newmark+Research\" target=\"_blank\" rel=\"nofollow\">Newmark Research<\/a>, 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.<\/p>\n<p>\n        <b>About Centerbridge Partners<br \/><\/b>Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines \u2014 Private Equity, Private Credit and Real Estate \u2014 in an effort to develop the most attractive opportunities for our investors. The Firm was founded in 2005 and, as of <span class=\"xn-chron\">June 30, 2025<\/span>, has approximately <span class=\"xn-money\">$43 billion<\/span> in assets under management with offices in <span class=\"xn-location\">New York<\/span> and <span class=\"xn-location\">London<\/span>. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies. For more information, please visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4502389-1&amp;h=1636444562&amp;u=https%3A%2F%2Fnam11.safelinks.protection.outlook.com%2F%3Furl%3Dhttp%253A%252F%252Fwww.centerbridge.com%252F%26data%3D05%257C02%257CSamantha.Dinner%2540nmrk.com%257C2a1caf092e2146717fb808dddf8b9229%257Cb4c85df22c4141239957f3c8a360f511%257C0%257C0%257C638912512784067256%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DOMmhzkwWc4Y6MJ1UT8VIDSQSKD%252BZkGZWdg%252B2a0YA40c%253D%26reserved%3D0&amp;a=www.centerbridge.com\" target=\"_blank\" rel=\"nofollow\">www.centerbridge.com<\/a> | <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4502389-1&amp;h=279857635&amp;u=https%3A%2F%2Fnam11.safelinks.protection.outlook.com%2F%3Furl%3Dhttps%253A%252F%252Fwww.linkedin.com%252Fcompany%252Fcenterbridge-partners%252Fmycompany%252F%26data%3D05%257C02%257CSamantha.Dinner%2540nmrk.com%257C2a1caf092e2146717fb808dddf8b9229%257Cb4c85df22c4141239957f3c8a360f511%257C0%257C0%257C638912512784099737%257CUnknown%257CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%253D%253D%257C0%257C%257C%257C%26sdata%3DDlSS2XL6gChBfNL8XLRkOgU10PuuORDqUmXhpCIKuvA%253D%26reserved%3D0&amp;a=LinkedIn\" target=\"_blank\" rel=\"nofollow\">LinkedIn<\/a>.<\/p>\n<p>\n        <b>About Merit Hill Capital<br \/><\/b>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 <span class=\"xn-person\">Liz Raun Schlesinger<\/span>, 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.<\/p>\n<p>\n        <b>About Newmark<br \/><\/b>Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (&#8220;Newmark&#8221;), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark&#8217;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&#8217;s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum.\u202fFor the twelve months ended <span class=\"xn-chron\">June 30, 2025<\/span>, Newmark generated revenues of over <span class=\"xn-money\">$2.9 billion<\/span>. As of <span class=\"xn-chron\">June 30, 2025<\/span>, Newmark and its business partners together operated from 165 offices with over 8,400 professionals across four continents. To learn more, visit <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4502389-1&amp;h=2231697679&amp;u=https%3A%2F%2Fwww.nmrk.com%2F&amp;a=nmrk.com\" target=\"_blank\" rel=\"nofollow\">nmrk.com<\/a>\u202for follow\u202f<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4502389-1&amp;h=3714804852&amp;u=https%3A%2F%2Ftwitter.com%2Fnewmark&amp;a=%40newmark\" target=\"_blank\" rel=\"nofollow\">@newmark<\/a>.\u00a0<\/p>\n<p>\n        <b>Discussion of Forward-Looking Statements about Newmark<br \/><\/b>Statements in this document regarding Newmark that are not historical facts are &#8220;forward-looking statements&#8221; 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&#8217;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&#8217;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.<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY66103&amp;sd=2025-09-04\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio-302547198.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio-302547198.html<\/a><\/p>\n<p>SOURCE  Newmark Group, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=NY66103&amp;Transmission_Id=202509041530PR_NEWS_USPR_____NY66103&amp;DateId=20250904\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK , Sept. 4, 2025 \/PRNewswire\/ &#8212; Newmark Group, Inc. (Nasdaq: NMRK) (&#8220;Newmark&#8221; or &#8220;the Company&#8221;), 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 (&#8220;the Portfolio&#8221;). Newmark Co-President of Global Debt &amp; Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani\u00a0and Director John Caraviello\u00a0secured 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&#8217;s ownership, the Portfolio has &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-883088","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , Sept. 4, 2025 \/PRNewswire\/ &#8212; Newmark Group, Inc. (Nasdaq: NMRK) (&#8220;Newmark&#8221; or &#8220;the Company&#8221;), 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 (&#8220;the Portfolio&#8221;). Newmark Co-President of Global Debt &amp; Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani\u00a0and Director John Caraviello\u00a0secured 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&#8217;s ownership, the Portfolio has &hellip; Continue reading &quot;Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-07T02:50:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1057994\/Newmark_Group_Logo_v1.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio\",\"datePublished\":\"2025-09-07T02:50:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\\\/\"},\"wordCount\":702,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1057994\\\/Newmark_Group_Logo_v1.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\\\/\",\"name\":\"Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio - Market Newsdesk","og_description":"PR Newswire NEW YORK , Sept. 4, 2025 \/PRNewswire\/ &#8212; Newmark Group, Inc. (Nasdaq: NMRK) (&#8220;Newmark&#8221; or &#8220;the Company&#8221;), 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 (&#8220;the Portfolio&#8221;). Newmark Co-President of Global Debt &amp; Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani\u00a0and Director John Caraviello\u00a0secured 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&#8217;s ownership, the Portfolio has &hellip; Continue reading \"Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/","og_site_name":"Market Newsdesk","article_published_time":"2025-09-07T02:50:19+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1057994\/Newmark_Group_Logo_v1.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio","datePublished":"2025-09-07T02:50:19+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/"},"wordCount":702,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/1057994\/Newmark_Group_Logo_v1.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/newmark-secures-425-million-refinancing-for-national-self-storage-portfolio\/","name":"Newmark Secures $425 Million Refinancing for National Self-Storage Portfolio - 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