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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 of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.