Newmark Title Services Supports $700 Million Recapitalization of National Multifamily Portfolio

Newmark Title Services Executes Major Multifamily Portfolio Recapitalization

Newmark Title Services recently announced its pivotal role in the title and escrow services for a significant recapitalization and refinancing deal totaling $700 million. This transaction pertains to a national multifamily portfolio owned by Nitya Capital, consisting of 18 properties spread across six states, including vibrant markets like Dallas, Indianapolis, the Carolinas, Nashville, Phoenix, and Las Vegas. The portfolio is diverse, featuring a mix of Class A student housing alongside Class B market-rate multifamily assets.

The recapitalization process was executed via a Single Asset Single Borrower (SASB) loan structure, which necessitated meticulous coordination among a top-tier bank, multiple advisory firms, and legal experts. Newmark Title Services was integral to managing the intricacies of the closing process, ensuring that all components of the deal were addressed efficiently and effectively across this varied asset base.

Marc Israel, President of Newmark Title Services, commented on the transaction, stating, "This accomplishment showcases the extensive expertise and coordination our team offers for substantial and sophisticated capital events. Our dedicated team of over a dozen professionals ensured seamless execution and timely closure for one of the year’s most complex multifamily financings."

The closing process spanned several months, during which Newmark Title Services adeptly unified all elements of title and escrow across the multifamily portfolio. This cohesive approach was crucial to the successful execution of this complex transaction.

Chad Lavender, President of Capital Markets for North America at Newmark, emphasized the value of the company's integrated service offerings in achieving optimal results in complicated financings, stating, "This transaction highlights how Newmark's comprehensive services can assist clients in achieving their goals, even amidst intricate financial dealings. Through our precision and efficiency, Newmark Title unlocks value and delivers outcomes for clients across the commercial real estate spectrum."

Since its transformation into Newmark Title Services following the acquisition of the New York City-based MiT National Land Services in 2018, the company has focused on enhancing its national footprint. This strategic integration has allowed it to assist in the closure of commercial real estate transactions nationwide effectively.

In this context, Newmark Group, Inc. (Nasdaq: NMRK) stands as a global leader in commercial real estate, powering each phase of the property lifecycle. Newmark offers a tailored suite of services and products for all types of clients, from owners to occupiers and startups to established corporations. They combine a worldwide presence with in-depth market intelligence to deliver superior client service across various industry segments. For the fiscal year ending March 31, 2025, Newmark reported impressive revenues exceeding $2.8 billion, with its operations spanning 165 offices globally and approximately 8,100 professionals available to assist clients.

In summary, the successful recapitalization of this multifamily portfolio highlights not just Newmark Title Services’ capability in handling complex financial transactions but also reinforces its commitment to delivering exceptional service and results in the competitive landscape of commercial real estate. As the market continues to evolve, Newmark's integrated approach positions it well to help clients navigate the challenges and opportunities that lie ahead.

For more information, visit nmrk.com.