Except as required by law, Newmark undertakes no obligation to update any 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. 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. Discussion of Forward-Looking Statements about Newmark Newmark, together with London-based partner Knight Frank and independently owned licensees, operates globally from approximately 490 offices with 19,300 professionals. In 2020, Newmark generated revenues in excess of $1.9 billion. Our comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, growing startups to leading companies. (Nasdaq: NMRK ), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. By taking advantage of one of the best times in history to secure financing, GID has once again put themselves in a favorable position to continue this trend with this world-class portfolio." About Newmark Gianoplus added, "With a pristine track record of over six decades, GID has consistently delivered long-term value from its strategic investments. Select properties feature more luxurious amenities such as spas and sauna rooms, arcade rooms, business centers, pet play areas and washing stations. All individual properties offer residents amenities, including fitness centers, swimming pools, lounges and BBQs. "The high-level of interest shown by the market for this financing speaks to the quality of these assets and the strength of the sponsor." The portfolio consists of Class A assets with a proven operating track record and successful performance throughout COVID-19. "Life companies offer some of the lowest cost of capital in the market for financing multifamily assets and remain highly selective in the opportunities they pursue," said Daya. In California, Vice Chairmen Ramsey Daya and Chris Moritz arranged the financing on behalf of the owner. Vice Chairmen Ramsey Daya and Stephan Gianoplus, Senior Managing Director Chris Moritz and Vice President John Westby-Gibson of Newmark's Debt & Structured Finance team helped arrange the financing in Georgia, Massachusetts and Washington, on behalf of the owner. Image of The Bravern in Seattle, WA, representative of GID Portfolio, courtesy of Newmark 24, 2021 /PRNewswire/ - Newmark1, as an exclusive advisor to GID Investment Advisers, announces it has arranged $627.55 million in financing for a portfolio of nine Class A multifamily projects, totaling 2,588 units across California, Washington, Massachusetts and Georgia. The current portfolio includes over 48,000 residential units, more than 21 million square feet of industrial space, and one million square feet of retail and office space.Newmark Arranges $628 Million in Portfolio Financing on Behalf of GID Investment Advisers With corporate offices in Atlanta, Boston, Dallas, New York City, and San Francisco, GID is an experienced real estate private equity investor and manager supported by an integrated operating platform and has 60+ years of experience across multiple asset classes. GID's existing and under-development properties are valued at over $28.5 billion as of June 30, 2022. To learn more about GID, visit GID is a privately held, vertically-integrated real estate company that owns and operates a portfolio of multifamily and industrial assets, as well as develops mixed-use projects. The tower will be the first phase of a two-tower development and will consist of 341 market-rate units, featuring an expansive rooftop pool and amenity deck with unobstructed views of the Dallas skyline. Located north of Dallas' Uptown in the affluent neighborhood of Turtle Creek, the property is walkable to parks, trails and greenspace and only a short distance from restaurants, retail and nightlife of Uptown Dallas. GID Logo (PRNewsfoto/GID Real Estate) (PRNewswire)
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