Newmark Cites Surge in U.S. Industry Student Housing Capital
Markets Volumes Year-Over-Year, Driven by Strong Enrollment
NEW
YORK, Feb. 27, 2025 /PRNewswire/ -- Newmark
Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company"), a leading
commercial real estate advisor and service provider to large
institutional investors, global corporations, and other owners and
occupiers, announces it led student housing investment sales in the
U.S. for 2024, according to Real Capital Analytics rankings, and
secured the #1 spot for top brokers of student housing properties,
as ranked by Real Estate Alert. Newmark cites that industry Student
Housing capital markets transaction volumes surged 58% in the U.S.
in 2024, with particularly strong growth in the second half of the
year1. The exceptional performance of the student
housing sector is believed to be fueled largely by rapid enrollment
growth at top-tier universities, leading investors to increasingly
target these high-demand areas.
In the fourth quarter alone, Newmark Multifamily Capital Markets
Executive Vice Chairman and Head of Student
Housing Ryan Lang, Managing
Director Jack Brett and
Director Ben Harkrider, in
cooperation with locally licensed Newmark professionals, arranged
student housing property sales and financings totaling over
$1.5 billion.
"Our tremendous reach to global capital's most strategic
investors proved paramount for delivering exceptional client
outcomes in 2024," said Lang. "We're expecting sustained demand for
student housing near top-ranked, fast-growing universities as the
sector continues to demonstrate remarkable growth and
resilience."
Lang led efforts on the 28 sale transactions, which included
strategic joint ventures, recapitalizations and trophy high-rise
assets. Located across the U.S., the assets span Connecticut, Georgia, Louisiana, Maryland, Mississippi, Ohio, Oklahoma, South
Carolina, North Carolina,
Michigan, Florida, Tennessee, Texas and Washington.
Sequential industry quarterly volume in the U.S. was
particularly strong in the second half of 2024, according to
Newmark Research, with 92% and 91% year-over-year volume increases.
Transaction volume for the year totaled just under $9.5 billion, up 58% from 2023.
About Newmark
Newmark Group, Inc. (Nasdaq: NMRK),
together with its subsidiaries ("Newmark"), is a world leader in
commercial real estate, seamlessly powering every phase of the
property life cycle. Newmark'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's global reach with market
intelligence in both established and emerging property markets,
Newmark provides superior service to clients across the industry
spectrum. For the twelve months ended December 31, 2024, Newmark generated revenues of
nearly $2.8 billion. As of
December 31, 2024, Newmark and our
business partners together operated from approximately 170 offices
with more than 8,000 professionals across four continents. To learn
more, visit nmrk.com or follow @newmark.
Discussion of Forward-Looking Statements about
Newmark
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.
These include statements about 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. 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'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.
1 Real Capital Analytics
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SOURCE Newmark Group, Inc.
