Newmark Group, Inc. (Nasdaq: NMRK), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces the firm acted as lead commercial real estate advisor to Blackstone in its acquisition of Retail Opportunity Investments Corp. The transaction closed Wednesday, February 12.
Newmark Co-Head of U.S. Capital Markets Doug Harmon, Head of Retail Capital Markets for North America Conor Lalor, Co-Head of Global Debt & Structured Finance Jordan Roeschlaub and Co-Head of Strategic Advisory & Liquidity Solutions Andrew Warin advised Blackstone in the transaction, under which Blackstone Real Estate Partners X acquired all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. ROIC’s portfolio consisted of 93 high-quality, grocery-anchored retail properties totaling 10.5 million square feet.
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, 2024, Newmark generated revenues of approximately $2.6 billion. As of that same date, Newmark’s company-owned offices, together with its business partners, operated from nearly 170 offices with more than 7,800 professionals around the world. To learn more, visit nmrk.com or follow @newmark.
