Newmark Group, Inc., 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 the sale of a five-property national student housing portfolio comprising 1,248 units and 3,693 beds across four states – Florida, Texas, Indiana and North Carolina.
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 advisors, represented the seller, a joint venture between Nuveen and The Preiss Company. Newmark Co-Head of Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Chris Kramer, Executive Managing Director Ben Roelke and Senior Managing Director Peter Griesinger also supported the transaction.
The national student housing portfolio includes properties located near top-ranked universities with an average enrollment of over 47,000 students, including the University of Florida, Texas State University, Indiana University, North Carolina State University and The University of Texas at Austin. Situated just 0.87 miles on average from their respective campuses, each asset features best-in-class amenities designed to enhance the student lifestyle, such as swimming pools, grilling stations, fitness centers, outdoor recreation and study rooms.
“This record portfolio transaction reinforces the burgeoning demand for premium student housing assets adjacent to prestigious universities,” said Lang. “As enrollment numbers continue to rise and campuses expand, investors are seeking more opportunities in well-located, high-quality student housing, a resilient and attractive asset class.”
In the first quarter of 2025, Newmark executed student housing sales and financing transactions totaling over $1 billion, continuing the momentum from a remarkable Q4 2024 with over $1.5 billion in transactions. This performance highlights the ongoing strength of the student housing sector as investors continue to target fast-growing university submarkets across the U.S.
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 over $2.7 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.
