NEW YORK, Sept. 28, 2022 /PRNewswire/ -- Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark" or "the Company") has arranged the $170 million financing of a 33-asset, 1.8 million-square-foot national self-storage portfolio on behalf of Centerbridge Partners and Merit Hill Capital. The portfolio is well-leased and located in strong primary markets and submarkets across 16 states. The properties are third-party managed by a combination of CubeSmart and Extra Space, broadly considered among the top operators in the self-storage sector.

The Newmark team that closed the debt was led by Jordan Roeschlaub and Dustin Stolly, Vice-Chairmen and Co-Heads of the Newmark Debt, Equity and Structured Finance Team, Senior Managing Director Nick Scribani, in partnership with Vice Chairman Aaron Swerdlin and Senior Managing Director Taucha Hogue of Newmark's Self-Storage Division. Bank of America provided the loan.

Newmark arranged a $462.5-million refinancing loan via Bank of America for a 101-asset, 6.9 million square foot national self-storage portfolio on behalf of SpareBox Storage and Davidson Kempner Capital Management. The portfolio spans eight states in strong submarkets . 

The Newmark team for the debt refinancing was led by Dustin Stolly and Jordan Roeschlaub, co-heads of the Newmark Debt and Structured Finance Team, and senior managing director Nick Scribani, in partnership with Aaron Swerdlin and Taucha Hogue of Newmark’s Self-Storage group.  

MIAMI, Oct 2 - The death toll from Hurricane Ian climbed past 80 on Sunday as embattled residents in Florida and the Carolinas faced a recovery expected to cost tens of billions of dollars, and some officials faced criticism over their response to the storm.

The death toll was expected to keep rising as floodwaters receded and search teams pushed farther into areas initially cut off from the outside world. Hundreds of people have been rescued as emergency workers sifted through homes and buildings inundated with water or completely washed away.