Newmark Arranges $163 Million Fannie Mae Refinance for LaSalle Investment Management Multifamily Portfolio
Newmark has arranged a $163 million Fannie Mae refinancing for a multifamily portfolio owned by LaSalle Investment Management, the firms announced July 20. The transaction refinances an existing cross-collateralized Fannie Mae credit facility covering 833 units across three communities in Washington, D.C., Falls Church, Virginia, and Hillsboro, Oregon.
Deal Structure and Terms
The refinancing consolidates multiple existing fixed-rate facility tranches into a single five-year, variable-rate tranche. According to the announcement, the structure is designed to maximize borrower flexibility while maintaining conservative leverage and strong credit metrics. The resulting facility also preserves LaSalle Investment Management's ability to accommodate future advances and collateral additions.
Portfolio Properties
The three-property portfolio includes 14W Apartments at 1315 W Street NW in Washington, D.C.; Pearson Square at 410 South Maple Avenue in Falls Church, Virginia; and Nexus at Orenco Station at 1299 NE Orenco Station Parkway in Hillsboro, Oregon. All three are multifamily properties. The announcement does not break down the 833-unit total by individual asset, and occupancy figures and in-place rents were not disclosed.
About the Firms
LaSalle Investment Management is a subsidiary of JLL and manages approximately $86.9 billion of assets in private and public real estate equity and debt investments globally, as of the fourth quarter of 2025. Its client base includes public and private pension funds, insurance companies, governments, corporations, endowments, and private individuals.
Newmark Group, Inc. (Nasdaq: NMRK) is a commercial real estate services firm that generated revenues of more than $3.4 billion for the twelve months ended March 31, 2026. As of that date, Newmark and its business partners operated from more than 185 offices with more than 9,600 professionals across four continents.
Sources
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