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Newmark Arranges Sale of Four-Property MF Portfolio in Mississippi

Newmark has arranged the sale of a four-property multifamily portfolio in Jackson, MS. The sales price was not disclosed.

The portfolio comprises four residential communities with more than 1,200 units across 71 acres. Amenities include pools, fitness centers, tennis courts, playgrounds, grilling and picnic areas, sundecks and fireplaces. Occupancy has been historically high across the portfolio and is expected to remain strong going forward.

Jordan Roeschlaub, Dustin Stolly, Nick Scribani and Issa Abbassi of Newmark secured the acquisition financing on behalf of the buyer, Kushner Cos. Blake Pera, Tommy Bronson III, Bo Flurry and Gray Fiser of Newmark represented the undisclosed seller in the transaction.

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Inside The Story

Newmark’s RoeschlaubKushner Cos.

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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