Newmark Arranges $415 Million Financing for Grocery-Anchored Retail Portfolio Spanning the Northeast

Rhea-AI Summary

Newmark (Nasdaq: NMRK) arranged a $415 million loan to refinance a primarily grocery-anchored retail portfolio across the Northeast on Feb 9, 2026. The portfolio totals ~2.4 million rentable square feet and comprises 13 open-air shopping centers, with 12 anchored by grocers.

Financing was sourced from HPS Investment Partners for a separate managed account on behalf of DRA Advisors and KPR Centers. Newmark's debt and capital markets team led the transaction.

Positive

• $415 million refinancing secured
• Portfolio size ~2.4 million rentable square feet
• 13 open-air shopping centers across the Northeast
• 12 assets grocery-anchored, providing stable consumer demand
• Financing provided by HPS Investment Partners for managed account

Negative

• None.

Key Figures

Loan financing: $415 million Portfolio size: 2.4 million rentable square feet Shopping centers: 13 centers +1 more

4 metrics

Loan financing $415 million Refinancing loan arranged for DRA Advisors and KPR Centers

Portfolio size 2.4 million rentable square feet Primarily grocery-anchored retail portfolio across the Northeast

Shopping centers 13 centers Premier open-air shopping centers in densely populated markets

Grocery-anchored assets 12 assets Assets in portfolio anchored by grocer tenants

Market Reality Check

Price: $16.85 Vol: Volume 1,347,564 is 21% a...

normal vol

$16.85 Last Close

Volume Volume 1,347,564 is 21% above the 20-day average of 1,117,833. normal

Technical Trading above 200-day MA at 15.61 and 15.05% below 52-week high.

Peers on Argus

NMRK is up 4.14% with several real estate service peers also positive (e.g., CWK...

NMRK is up 4.14% with several real estate service peers also positive (e.g., CWK +5.41%, CIGI +3.28%, OPEN +2.52%), but no peers are flagged in the momentum scanner, suggesting a more stock-specific move.

Historical Context

5 past events · Latest: Feb 02 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 02	Retail leasing mandate	Positive	-2.6%	Named exclusive leasing agent for Vornado’s THE PENN DISTRICT retail phase.
Jan 30	Large refinancing deal	Positive	+0.7%	Arranged $690 million SASB refinancing for 13 Sun Belt multifamily assets.
Jan 21	Earnings timing notice	Neutral	-1.0%	Announced schedule for Q4 and full-year 2025 results and conference call.
Jan 20	Asset sale advisory	Positive	-2.3%	Advised on sale of high-value Manhattan multifamily stake at premium per unit.
Jan 12	Major industrial lease	Positive	+0.9%	Arranged 1.4M sq ft industrial lease for DrinkPAK in Philadelphia.

Pattern Detected

Operational and mandate wins have often seen mixed or negative next-day price reactions, while large financing or leasing transactions sometimes coincide with modest gains.

Recent Company History

Over the past month, Newmark has reported multiple sizable mandates, including a $690 million multifamily refinancing, a 1.4 million-square-foot industrial lease for DrinkPAK, and a high-value multifamily asset sale valued at $1.35 million per unit. Despite these seemingly positive milestones, price reactions have been mixed, with some announcements followed by declines of 2–3%. The new $415 million refinancing for a grocery-anchored retail portfolio fits the pattern of Newmark highlighting large, diversified transaction pipelines across property types and regions.

Market Pulse Summary

This announcement underscores Newmark’s role in arranging sizable financings, with a $415 million lo...

Analysis

This announcement underscores Newmark’s role in arranging sizable financings, with a $415 million loan secured for a 2.4 million-square-foot grocery-anchored retail portfolio across 13 centers. It follows other recent large mandates in multifamily, industrial and urban retail. Investors may track how consistently such transactions convert into fee growth, monitor upcoming results on February 25, 2026, and consider the company’s broader capital resources and recent regulatory filings.

AI-generated analysis. Not financial advice.

NEW YORK, Feb. 9, 2026 /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 has arranged a $415 million loan on behalf of DRA Advisors and KPR Centers to refinance a primarily grocery-anchored retail portfolio totaling approximately 2.4 million rentable square feet across the Northeast. Newmark's Co-President, Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani, Director John Caraviello and Associate Dan Axelson, in collaboration with Executive Vice Chairman of U.S. Capital Markets Adam Doneger, secured the financing from HPS Investment Partners on behalf of a separate managed account.

The portfolio comprises 13 premier open-air shopping centers strategically located in densely populated, infill markets across the Northeast. The portfolio benefits from prime trade-area positioning with significant barriers to entry and direct access to established consumer bases, with 12 of the assets in the portfolio anchored by grocer tenants.

About DRA Advisors
DRA Advisors LLC is a New York-based registered investment advisor with approximately 100 employees that specializes in real estate investment management services for institutional and private investors including pension funds, university endowments, sovereign wealth funds, foundations, and insurance companies.  Since DRA's inception in 1986, the firm has opened additional offices in Miami and San Francisco and has acquired approximately $42 billion of real estate.  Its acquisitions include over 100 million square feet of industrial, 87,500 multifamily units, 90 million square feet of retail, and 66 million square feet of office.  As of September 30, 2025, DRA had $11.6 billion in gross assets under management. For additional information, visit http://draadvisors.com.

About KPR Centers
KPR Centers has a defined strategy of acquiring retail and industrial properties within select markets that offer a compelling opportunity to create value. KPR Centers is a vertically integrated investor with in-house retail leasing, management and development operations tailored to maximize value through proactive leasing, repositioning, and redevelopment of its properties. Founded in 2009 as an outgrowth of Katz Properties, which was established in 2003, KPR Centers has since expanded its footprint to 19 states within the greater New England, New York State, Mid-Atlantic, Midwest, Mountain West, and Southeast submarkets. KPR Centers' successful track record of strategic acquisitions and dispositions has led to transactions and trusted partnerships with public REITs, institutions, private equity groups, and family offices. For additional information, visit www.kprcenters.com.

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 September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 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 loan did Newmark arrange for the Northeast retail portfolio (NMRK) on Feb 9, 2026?

Newmark arranged a $415 million loan to refinance the portfolio. According to Newmark, the financing was provided by HPS Investment Partners for a separate managed account on behalf of DRA Advisors and KPR Centers.

How large is the grocery-anchored retail portfolio involved in the NMRK-arranged financing?

The portfolio totals approximately 2.4 million rentable square feet. According to Newmark, it comprises 13 open-air shopping centers located in densely populated, infill markets across the Northeast.

How many assets in the refinanced portfolio are anchored by grocers in the NMRK deal?

Twelve of the 13 assets are anchored by grocer tenants. According to Newmark, that grocer anchoring supports steady foot traffic and established consumer bases across the Northeast locations.

Who are the primary parties involved in the $415 million NMRK-arranged financing transaction?

The loan was arranged by Newmark for DRA Advisors and KPR Centers and funded by HPS Investment Partners. According to Newmark, its debt and capital markets team led the transaction on behalf of the owners.

What types of properties are included in the portfolio refinanced in the NMRK announcement?

The portfolio consists of 13 premier open-air shopping centers in infill, densely populated Northeast markets. According to Newmark, the assets benefit from prime trade-area positioning and barriers to entry.

What investor implications does the $415 million refinancing arranged by NMRK have for the portfolio owners?

The refinancing provides capital stability and liability management for portfolio owners. According to Newmark, the funding from HPS Investment Partners replaces prior debt to support owner objectives and maintain operational continuity.