Newmark Ranks No. 1 in Student Housing Investment Sales in the U.S. in 2024

Newmark Ranks No. 1 in Student Housing Investment Sales in the U.S. in 2024

Newmark Cites Surge in U.S. Industry Student Housing Capital Markets Volumes Year-Over-Year, Driven by Strong Enrollment

NEW YORK, Feb. 27, 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 it led student housing investment sales in the U.S. for 2024, according to Real Capital Analytics rankings, and secured the #1 spot for top brokers of student housing properties, as ranked by Real Estate Alert. Newmark cites that industry Student Housing capital markets transaction volumes surged 58% in the U.S. in 2024, with particularly strong growth in the second half of the year¹. The exceptional performance of the student housing sector is believed to be fueled largely by rapid enrollment growth at top-tier universities, leading investors to increasingly target these high-demand areas.

In the fourth quarter alone, Newmark Multifamily Capital Markets Executive Vice Chairman and Head of Student Housing Ryan Lang, Managing Director Jack Brett and Director Ben Harkrider, in cooperation with locally licensed Newmark professionals, arranged student housing property sales and financings totaling over $1.5 billion.

"Our tremendous reach to global capital's most strategic investors proved paramount for delivering exceptional client outcomes in 2024," said Lang. "We're expecting sustained demand for student housing near top-ranked, fast-growing universities as the sector continues to demonstrate remarkable growth and resilience."

Lang led efforts on the 28 sale transactions, which included strategic joint ventures, recapitalizations and trophy high-rise assets. Located across the U.S., the assets span Connecticut, Georgia, Louisiana, Maryland, Mississippi, Ohio, Oklahoma, South Carolina, North Carolina, Michigan, Florida, Tennessee, Texas and Washington.

Sequential industry quarterly volume in the U.S. was particularly strong in the second half of 2024, according to Newmark Research, with 92% and 91% year-over-year volume increases. Transaction volume for the year totaled just under $9.5 billion, up 58% from 2023.

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 December 31, 2024, Newmark generated revenues of nearly $2.8 billion. As of December 31, 2024, Newmark and our business partners together operated from approximately 170 offices with more than 8,000 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.

¹ Real Capital Analytics

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SOURCE Newmark Group, Inc.