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Alternative Assets  + Real Estate  | 
Newmark Secures $830M Financing for 36-Asset Manufactured Housing Portfolio

Newmark Secures $830M Financing for 36-Asset Manufactured Housing Portfolio

Newmark Group, Inc. has arranged an $830 million portfolio financing on behalf of RHP Properties and an institutional capital partner for the acquisition and refinance of a 36-asset manufactured housing portfolio.

Newmark Co-President, global debt & structured finance Jordan Roeschlaub, VC Nick Scribani, Managing Director Chris Lozinak and Senior Associate Samuel Speciale secured the financing provided by Wells Fargo.

The portfolio is institutionally managed and consists of 8,340 manufactured housing pads across 36 predominantly four- to five-star, all-age communities with residential ownership exceeding 95% and physical occupancy above 99%.

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Newmark Group, Inc.

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.