Newmark Arranges Financing for Premier 360-Unit Multifamily Property in Kemah, Texas

March 26, 2026 9:00 AM

Newmark announces the Company has arranged the financing for The Kippford at Kemah Crossing, a 360-unit Class A multifamily property at 2201 Evergreen Memorial Parkway in Kemah, Texas. Newmark Multifamily Capital Markets Vice Chairman David Schwarz secured the bridge loan from Greystar on behalf of borrower Allen Harrison Company & Carlyle.

"The Kippford at Kemah Crossing is a standout multifamily development in the Clear Lake submarket," said Schwarz. "We structured a cash-neutral bridge loan that provides the borrower with flexibility while positioning the asset for long-term success."

Constructed in 2023, The Kippford at Kemah Crossing is a garden-style community featuring one-, two- and three-bedroom apartments. Units include wood-style flooring, granite countertops, stainless steel appliances, walk-in closets and full-size washers and dryers. The community offers a range of amenities, including a resort-style pool, fitness center, EV charging stations and co-working spaces.

Situated in the Clear Lake submarket, the property is just over a mile from the Kemah Boardwalk and waterfront entertainment district, providing residents with access to local restaurants, marinas and recreational amenities. The community is well-positioned for commuters, with convenient routes to Houston, League City and the Galveston Bay region.

According to Newmark Research, U.S. multifamily debt originations accelerated 37% year-over-year, gaining momentum in the first half of 2025 and maintaining strength throughout the year. Borrowers have benefited from narrow loan spreads, increased confidence in fundamentals as construction activity slowed and continued momentum from early 2024. Investors continue to allocate capital to the Southeast and Southwest Houston submarkets, which together account for 46% of market share.

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 December 31, 2025, Newmark generated revenues of nearly $3.3 billion. As of December 31, 2025, Newmark and its business partners together operated from approximately 175 offices with over 9,300 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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