![]() “Our goal for Regent Square is the creation of an exemplary, urban mixed-use district in the heart of Houston. Designed by CBT, a Boston-based architectural firm known for their placemaking, Phase 2 was conceived as a thoughtfully scaled and site-specific, three-dimensional piece of architecture that will allow residents and visitors to relate to and engage with the curated and programmed urban environment. Phase 1 of Regent Square included a 21-story residential tower, the Sovereign at Regent Square, completed in 2015. OJB Landscape Architecture is designing a large central plaza with activated green space. The eight-acre Phase 2 will include 600 multifamily units and 50,000 SF of street-level retail leased by JLL Retail Advisory Services. HOUSTON – (Realty News Report) – GID Development Group announced it is moving ahead with Phase 2 of Regent Square, a mixed-use development at West Dallas and Dunlavy streets, just south of Buffalo Bayou Park. 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.Rendering of future Regent Square by GID Development. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. These include statements about the effects of the COVID-19 pandemic on 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. 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. Discussion of Forward-Looking Statements about Newmark Newmark, together with London-based partner Knight Frank and independently owned licensees, operates globally from approximately 490 offices with 19,300 professionals. In 2020, Newmark generated revenues in excess of $1.9 billion. Our comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, growing startups to leading companies. (Nasdaq: NMRK ), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. By taking advantage of one of the best times in history to secure financing, GID has once again put themselves in a favorable position to continue this trend with this world-class portfolio." About Newmark Gianoplus added, "With a pristine track record of over six decades, GID has consistently delivered long-term value from its strategic investments. Select properties feature more luxurious amenities such as spas and sauna rooms, arcade rooms, business centers, pet play areas and washing stations. All individual properties offer residents amenities, including fitness centers, swimming pools, lounges and BBQs. "The high-level of interest shown by the market for this financing speaks to the quality of these assets and the strength of the sponsor." The portfolio consists of Class A assets with a proven operating track record and successful performance throughout COVID-19. "Life companies offer some of the lowest cost of capital in the market for financing multifamily assets and remain highly selective in the opportunities they pursue," said Daya. In California, Vice Chairmen Ramsey Daya and Chris Moritz arranged the financing on behalf of the owner. Vice Chairmen Ramsey Daya and Stephan Gianoplus, Senior Managing Director Chris Moritz and Vice President John Westby-Gibson of Newmark's Debt & Structured Finance team helped arrange the financing in Georgia, Massachusetts and Washington, on behalf of the owner. Image of The Bravern in Seattle, WA, representative of GID Portfolio, courtesy of Newmark 24, 2021 /PRNewswire/ - Newmark1, as an exclusive advisor to GID Investment Advisers, announces it has arranged $627.55 million in financing for a portfolio of nine Class A multifamily projects, totaling 2,588 units across California, Washington, Massachusetts and Georgia. Newmark Arranges $628 Million in Portfolio Financing on Behalf of GID Investment Advisers
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