Newmark sells five-property student housing portfolio

Newmark (NMRK) has arranged the sale of a five-property student housing portfolio comprising 1,248 units and 3,693 beds across four states – Florida, Texas, Indiana and North Carolina. The transaction marks the largest student housing portfolio sale in the U.S. so far this year. The portfolio includes properties located near top-ranked universities with an average enrollment of over 47,000 students. In Q1, Newmark executed student housing sales and financing transactions totaling over $1B, continuing over $1.5B in transactions in Q4 2024.