Newmark : Completes Sale and Financing of Two-Property Multifamily Portfolio in Haltom City, Texas
NMRK
Published on 05/13/2026 at 04:48 pm EDT
May 13, 2026 1:00 PM Newmark announces the Company has completed the sale and financing of the Fossil Creek Portfolio, a two-property, 586-unit value-add multifamily portfolio in Haltom City, Texas, a northeast suburb of Fort Worth. The portfolio comprises Hidden Lakes and The Ranch at Fossil Creek. Newmark Multifamily Capital Markets Executive Managing Director Richard Furr and Vice Chairmen Brian O'Boyle, Jr. and Brian Murphy represented the seller, Exponential Property Group, in the sale to Mox Living. Vice Chairman Braden Harmon, Managing Director Hank Glasgow and Vice President Jeff Fein of Newmark's Debt & Structured Finance group secured acquisition financing on behalf of the buyer. "The sale of Hidden Lakes and The Ranch at Fossil Creek provides the new owner and operator with an outstanding opportunity for value enhancement," said Furr. "The portfolio stands to benefit from excellent surrounding infrastructure and North Fort Worth's continued employment expansion." Located at 5333 and 5350 Fossil Creek Boulevard, the 312-unit Hidden Lakes and 274-unit The Ranch at Fossil Creek offer a mix of one-, two- and three-bedroom floorplans. Residents enjoy a comprehensive amenity offering across the portfolio, including resort-style swimming pools, fitness centers, clubhouses, business and co-working spaces, sports courts and outdoor recreation areas. "We're incredibly pleased with this financing, which reflects the robust collaboration between Mox Living and Newmark's Debt and Structured Finance team," said Harmon. "The successful closing is a testament to Mox Living's position as a premier multifamily owner/operator and demonstrates continued lender appetite for high-quality multifamily properties in Dallas/Fort Worth." The portfolio offers immediate access to I-820, I-35W and SH-183, providing connectivity throughout the broader metroplex. The properties are within a 15-minute drive of Downtown Fort Worth, Alliance Airport and Dallas/Fort Worth International Airport, and are located near major employment hubs. Additionally, the communities are adjacent to the planned 50-acre H Mart-anchored mixed-use development, which is expected to bring new retail, dining and logistics space to the area. According to Newmark Research, the U.S. multifamily sector continues to benefit from renting remaining more cost-effective than homeownership, supporting renter demand even as leasing activity normalizes. Fundamentals remain strongest across high-growth Sunbelt markets such as Dallas-Fort Worth, where sustained population and employment gains continue to drive demand relative to existing inventory.About Newmark 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 March 31, 2026, Newmark generated revenues of more than $3.4 billion. As of March 31, 2026, Newmark and its business partners together operated from over 185 offices with more than 9,600 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.Discussion of Forward-Looking Statements about Newmark 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. 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.
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Newmark Group Inc. published this content on May 13, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 13, 2026 at 20:44 UTC.