Newmark Advises on Recapitalization of Six Million-SF Multi-Market Industrial Portfolio with Blackstone

Rhea-AI Summary

Newmark Group (Nasdaq: NMRK) has successfully advised Crow Holdings on a major industrial portfolio recapitalization with Blackstone Real Estate. The transaction involves Blackstone acquiring a 95% stake in a portfolio comprising 25 Class A buildings spanning 6 million square feet across Dallas, Houston, and Chicago markets.

The deal brings together Blackstone, the world's largest real estate investor, with Crow Holdings, a leading real estate firm with $33 billion in assets under management. The transaction highlights strong investor appetite for industrial assets in high-growth U.S. markets, particularly focusing on well-located, Class A logistics spaces.

Positive

• Major transaction showcasing Newmark's ability to facilitate large-scale deals
• Partnership with Blackstone, the world's largest real estate investor, validates portfolio quality
• Strategic expansion in high-growth markets (Dallas, Houston, Chicago)
• Portfolio consists of premium Class A industrial buildings in prime locations

Negative

• None.

News Market Reaction – NMRK

+1.54%

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+1.54% News Effect

On the day this news was published, NMRK gained 1.54%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Newmark represents Crow Holdings in recapitalization of 25-building Texas and Illinois portfolio

NEW YORK, July 1, 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 the Company advised Crow Holdings on the recapitalization of a six-million-square-foot industrial portfolio with Core+ funds affiliated with Blackstone Real Estate. Blackstone acquired a 95% stake in the portfolio, which includes 25 Class A buildings located in Dallas, Houston and Chicago.

Newmark Senior Managing Director Dom Espinosa, President and Global Head of Industrial & Logistics Capital Markets Jack Fraker, Vice Chairman Dustin Volz and Executive Vice Chairman Kevin Donner advised Crow Holdings in the transaction. Newmark's Co-Head of U.S. Capital Markets Adam Spies, Executive Vice Chairmen Marcella Fasulo and Josh King also supported negotiations.

"Capital markets activity in high-growth U.S. markets continues to demonstrate strong investor appetite, with industrial remaining a top target for long-term capital," said Chad Lavender, Newmark President of Capital Markets for North America. "We're proud to have advised on a transaction of this scale, which showcases both the sector's strength and our team's expertise in delivering strategic outcomes for our clients."

Crow Holdings is a leading real estate development and investment management firm founded by industry icon Trammell Crow in 1948. The Dallas-based firm has $33 billion in assets under management and one of the largest multifamily and industrial development platforms in the nation.  

"This notable transaction underscores the continued conviction in industrial as a leading asset class – particularly in high-performing markets," said Fraker. "Demand for well-located, Class A logistics space remains robust and this portfolio represents the type of institutional-quality product investors are eager to acquire."

"This closing brings together a unique partnership between the world's largest real estate investor and one of the nation's premier, privately-held real estate development and investment firms," said Espinosa. "It's a strong endorsement of the Dallas, Houston and Chicago industrial markets, the infill nature of the assets and the long-term value of state-of-the-art building specifications."

Legal counsel for Crow Holdings was provided by Fried Frank.

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 March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 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.

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SOURCE Newmark Group, Inc.

FAQ

What is the size of the industrial portfolio Blackstone acquired from Crow Holdings?

Blackstone acquired a 95% stake in a 6-million-square-foot industrial portfolio consisting of 25 Class A buildings located in Dallas, Houston and Chicago.

How many buildings are included in the Newmark-advised industrial portfolio recapitalization?

The portfolio includes 25 Class A buildings strategically located across Dallas, Houston and Chicago markets.

What is Crow Holdings' total assets under management in 2025?

Crow Holdings has $33 billion in assets under management and operates one of the largest multifamily and industrial development platforms in the nation.

Which markets are included in the Newmark-Blackstone-Crow Holdings industrial portfolio deal?

The industrial portfolio spans three major markets: Dallas, Houston, and Chicago.

Who provided legal counsel for the Crow Holdings-Blackstone industrial portfolio transaction?

Fried Frank provided legal counsel for Crow Holdings in the transaction.