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Newmark Advises Blackstone in $4B Privatization of Retail Opportunity Investments Corp.

1. Newmark advised Blackstone on acquiring Retail Opportunity Investments Corp. 2. The deal valued at approximately $4 billion closed on February 12. 3. Retail Opportunity Investments owns 93 grocery-anchored retail properties. 4. NMRK generated $2.6 billion in revenue for the year ending September 2024. 5. The company operates nearly 170 offices globally with over 7,800 professionals.

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Why Bullish?

Newmark's role in significant acquisitions can enhance its market reputation and client trust, similar to past successful advisory deals that positively influenced NMRK's stock price.

How important is it?

This article highlights Newmark's involvement in a major acquisition, which directly reflects its capabilities and market positioning, likely influencing investor sentiment.

Why Short Term?

The immediate attention from this high-profile deal may lead to a short-term price rally, akin to previous acquisitions involving Newmark.

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NMRKBXROIC
, /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 the firm acted as lead commercial real estate advisor to Blackstone in its acquisition of Retail Opportunity Investments Corp ("ROIC"). 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 NewmarkNewmark 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. Discussion of Forward-Looking Statements about NewmarkStatements 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. SOURCE Newmark Group, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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