Newmark has successfully secured a structured equity facility to fund the acquisition of student housing properties across the United States. The deal was arranged on behalf of Tailwind Group, a reputable real estate development, management, and leasing company based in Minnesota.
The team at Newmark responsible for this achievement includes Vice Chairman and Head of Student Housing Ryan Lang, Managing Director Jack Brett, and Director Ben Harkrider. According to Lang: “Tailwind is one of our most valued clients and we are thrilled to have been able to assist them in their strategic growth plans.”
Thanks to the new equity source provided by Newmark’s efforts,Tailwind Group recently completed its first acquisition using this facility – The Reserve on West 31st. This 192-unit student housing community is located just 1.5 miles from The University of Kansas in Lawrence,Kansas.”We see tremendous potential for growth with this property,” said Brandon Smith,Vice Presidentof Operations & Development at Tailwind Group.
This successful transaction showcases both Newmark’s expertise as well as Tailwind Group’s continued successand expansion into new markets.The post highlights how these two companies worked together effectively without mentioning specific names or brands such as “Connect” or “Connect CRE” or “Connect LA”.
