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September 6, 2023 10:00 AM

�ǿ�����app���� announces it has completed the sale and financing of The Warner, a 336-unit core multifamily asset located in Round Rock, Texas. The property was 95% occupied at the time of sale and traded from the developer, an affiliate of real estate development and investment firm Stanmore Partners, to Harbor Group International, a global real estate investment manager.

�ǿ�����app���� Multifamily Capital Markets Vice Chairman Patton Jones and Managing Director Andrew Dickson represented the seller in the transaction. Executive Managing Directors Henry Stimler, Bill Weber and Matt Mense, Senior Managing Director Ari Schwartzbard and Director Daniel Sarsfield of �ǿ�����app����’s Debt, Equity and Structured Finance team helped arrange the financing on behalf of the buyer.

“The Warner represented a fantastic opportunity to acquire a highly-amenitized product with luxury finishes in North Austin, one of the city’s fastest-growing areas,�� said Jones. “The community is proximate to The Domain, known as Austin’s second downtown, and some of the area’s largest employers including Apple, Samsung and Dell Technologies. The Warner sits in the middle of a developing live/work/play environment and will be a great long-term addition to Harbor Group’s expanding Austin portfolio.��

Built in 2022, The Warner features fully air-conditioned corridors and elevator access to all units. Community amenities include a resort-style pool, gaming and fitness lawns, an expansive clubhouse, private co-working spaces and a 24-hour athletic club. Apartment homes average 901 square feet and feature one-, two- and three-bedroom floorplans.

Located at 2670 S. AW Grimes Boulevard, The Warner boasts a prime location along the booming Texas Innovation Corridor anchored by Austin’s Silicon Hills and San Antonio’s biotech industry, which has experienced major population and economic growth over the past decade. Additionally, The Warner is proximate to a strong future medical presence, with 730,000 square feet of medical space underway just 15 minutes from the property. Residents further benefit from city-wide connectivity via IH-35, SH-45 and SH-130.

“Despite the challenging capital markets, this transaction demonstrated that attractive lending options are still available for strong properties with great sponsorship,�� said Weber.

According to �ǿ�����app���� Research, multifamily demand across the U.S. projects to advance even further in 2023, reaching the highest levels since the third quarter of 2021 and well above the long-term average. New supply will also significantly increase, with nearly 550,000 units expected to be delivered in 2023 and an all-time high of nearly 588,000 in 2024.

About �ǿ�����app����
�ǿ�����app���� Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“�ǿ�����app������), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. �ǿ�����app����’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, �ǿ�����app���� provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, �ǿ�����app���� generated revenues of approximately $2.7 billion. As of June 30, 2023, �ǿ�����app����’s company-owned offices, together with its business partners, operate from approximately 170 offices with over 7,400 professionals around the world. To learn more, visit nmrk.com or follow .

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Statements in this document regarding �ǿ�����app���� 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 effects of the COVID-19 pandemic on 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, �ǿ�����app���� 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 �ǿ�����app����’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.