Newmark Arranges Sale and Financing of 452-Unit Value-Add Multifamily Community near DFW International Airport

June 15, 2026 10:00 AM

Newmark announces the Company has arranged the sale, acquisition financing and equity capitalization of Centreport Lake, a 452-unit multifamily community located in Fort Worth, Texas, minutes from Dallas/Fort Worth International Airport.

Newmark Multifamily Capital Markets Executive Managing Director Richard Furr and Vice Chairmen Brian Murphy and Brian O'Boyle, Jr. represented the seller, Marlin Spring US Realty, in the transaction. Vice Chairman Henry Stimler and Managing Director Ricky Warner arranged acquisition financing and equity capitalization on behalf of the buyer.

Located at 14301 Center Station Drive, Centreport Lake was constructed in 2008 on a 24-acre site, with an average unit size of 946 square feet. At the time of sale, the community was 91% occupied and offered a compelling value-add investment opportunity through a substantial interior renovation and densification program.

"Centreport Lake offers the new owner a tremendous physical asset with significant interior unit upgrade potential," said Furr. "The property's unique location adjacent to DFW International Airport provides a built-in employment center unmatched in Dallas/Fort Worth."

"Centreport Lake exemplifies the type of capital stack and execution the market is rewarding today," said Warner. "The deal combined an attractive basis, strong value-add fundamentals and experienced sponsorship, which drove a highly competitive process across both debt and equity capital sources. We ultimately saw leverage increase, pricing improve meaningfully during marketing and strong institutional interest from multiple JV equity partners."

Strategically positioned in the CentrePort submarket between Dallas and Fort Worth, the community benefits from immediate access to State Highway 183, Highway 360 and other major regional thoroughfares. The property is located within the highly regarded Hurst-Euless-Bedford Independent School District and is surrounded by one of the region's largest employment hubs, anchored by DFW International Airport, which supports more than 228,000 full-time jobs and over 60,000 on-airport employees.

According to Newmark Research, Dallas-Fort Worth continues to rank among the nation's strongest multifamily markets, supported by sustained population growth, corporate relocations and long-term job creation. Investor demand for well-located, value-add multifamily communities has remained active amid improving capital markets conditions and resilient renter demand across the Metroplex.

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.

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