San Antonio, TX (Feb. 8, 2022) — Newmark announces that it has completed the sale of Maxwell Townhomes, a 316-unit value-add multifamily community located in North Central San Antonio, Texas.

The property traded from Resource REIT, Inc., a self-managed real estate investment trust (REIT) that owns a portfolio of apartment communities in targeted markets with proven income and employment growth, to Orion Real Estate Partners, a real estate investment firm targeting value-add multifamily assets in western U.S. markets. Newmark Vice Chairman Patton Jones and Managing Director Matt Michelson represented Resource REIT, Inc. in the transaction.

“Maxwell Townhomes drew immense competitive investor interest as we continue to see capital flow into the San Antonio multifamily market,” said Jones. “Given the property’s compelling value-add opportunity and limited multifamily supply in the immediate submarket, this asset is uniquely positioned to capture superior returns in the future.”

Maxwell Townhomes is located at 11146 Vance Jackson Road in San Antonio. The unique townhome-style asset features a mix of spacious one-, two- and three-bedroom units with an average unit size of 1,016 square feet. Originally built in 1982, the seller made significant improvements to the exterior and common areas over the past several years. The new owner has the opportunity to complete unit upgrades to achieve rental premiums. The property is positioned on a sprawling 23-acre site, allowing for expansive amenity features including two swimming pools, state-of-the-art fitness center, clubhouse with iLounge, playground, putting green, lighted sport court and dog park.

The property is proximate to several major employment centers, with an employment base of 173,314 within a five-mile radius. Major area employers include Valero Energy, The University of Texas at San Antonio (UTSA), Acelity, USAA, the South Texas Medical Center (STMC), Hulu, NuStar Energy and Medtronic. Maxwell Townhomes is conveniently located in proximity to an abundance of mixed-use, retail and entertainment destinations including Park North Shopping Center, North Star Mall, Huebner Oaks, The Rim and The Shops at La Cantera.

San Antonio, TX (Feb. 3, 2022) — Newmark announces the sale of The Joseph at

Huebner, a 192-unit value-add multifamily community located in North Central San Antonio, Texas.

The property traded from a strategic partnership between RSN Property Group and Wildhorn Capital, both boutique multifamily investors and operators, to First Capital Advisors, a real estate investment and management firm with offices in Austin and Chicago. Newmark Managing Director Matt Michelson and Vice Chairman Patton Jones represented the sellers.

“The Joseph at Huebner was highly sought-after by both local and out-of-state buyers,” said Michelson. “Value-add assets in San Antonio remain in strong demand and investors were drawn to The Joseph’s excellent location surrounded by top employment and retail nodes.”

The Joseph at Huebner is a 192-unit, garden-style multifamily community located at 11660 Huebner Road in San Antonio. The community features a mix of one- and two-bedroom units spread across 16 buildings, with an average unit size of 846 square feet. Originally built in 1983, the seller has invested more than $1.8 million in exterior and common area improvements and partial interior upgrades. Community amenities include a pool, gazebo with outdoor grilling station, fitness center, controlled access and dog washing station.

The property is proximate to several major employment centers, with an employment base of 169,650 within a five-mile radius. Major area employers include Amazon, USAA, the South Texas Medical Center (STMC), Sonterra Medical Center, Valero and Hulu. The property is conveniently located in proximity to an abundance of mixed-use, retail and entertainment destinations including Park North Shopping Center, North Star Mall, Huebner Oaks, The Rim and The Shops at La Cantera.

According to Newmark Research, Sunbelt markets such as San Antonio continue to drive the highest demand and garner the most attention from multifamily investors and developers. During 2021, approximately 4,200 new units were added to the inventory, and over 11,600 units were absorbed. Despite elevated supply, five-year forecasts show the market balancing as demand is likely to remain strong due to positive economic drivers, namely continued job and population growth.

AUSTIN, Texas—February 7, 2022. Pearlstone Partners — a full-service real estate development firm with more than 100 years’ combined experience in the local real estate industry — is pleased to report a 200% increase in year-over-year growth from 2020 to 2021, with projects in development and under construction doubling. Since 2018, Pearlstone has invested $605 million in project value delivered and/or under construction. As of year-end 2021, the company had approximately 819,000 net rentable square feet and 856 residences under construction.

“We at Pearlstone Partners have strategically kept the costs of our units below 20% of the average market rate for new-construction housing in the same neighborhoods, while still offering an increased quality of life through premier value, amenities and location,” said Pearlstone Partners CEO and Principal Robert Lee. “Our goal is to make living in Austin’s urban core attainable for people who have been traditionally shut out of that market by high pricing.”

Currently, Pearlstone has more than 1,700 residential condominium units in their construction and development pipeline and is looking at additional site opportunities to increase that number. This is exceptional news for Austin’s attainable housing supply and will help reduce urban sprawl within the city, with total of 324 Pearlstone residences hitting the market in 2021 and another approximately 360 residences scheduled for delivery in 2022. The economic impact of the company’s projects in 2021 totaled $188 million.

Pearlstone set lofty goals for 2022 that are sure to keep the momentum going:

Launching:

Natiivo Austin (48 East Avenue, Austin). Pearlstone’s development in the Rainey Street Historic District has fully contracted on all 248 residences and will close with those buyers throughout the first quarter of 2022. The on-site hospitality management partner will begin operations shortly afterward for buyers who elect to participate. Their flexible model combines the benefits of ownership with the ease and services of a high-end hotel. This unique industry solution is the first of its kind and helps fill the gaps in Austin’s increasingly shared market space in hospitality and real estate. It also allows Buyers to offset the costs of ownership by offering a full-service solution to generate income for owners when not using their homes.

Open for Sales:

Vesper [84 East Avenue, Austin)

Pearlstone plans to bring its new development, Vesper, to the market for pre-sales in March 2022, with a new sales center opening to buyers and brokers at 51 Rainey Street, Suite 140. With construction of 284 residential units underway, Pearlstone is excited to offer downtown units in a luxury building at price points not currently available for new-construction high-rises in downtown Austin. More information will be available in March 2022! Completion is expected in the second quarter of 2024.

Construction Progress:

Parkside at Mueller (1701 Simond Avenue, Austin) 100% of the residences are under contract and the sales demand have exceeded expectations. Construction started in summer 2021, with 200 residential condominiums and ground-floor commercial condominiums scheduled for delivery in fall 2023.

Cascade (2500 Longview Street, Austin) On schedule to complete and close units in late summer 2022, Cascade’s 113 residential units and two commercial condominium units are 100% sold out.

Development and Design:

14th and Lavaca Pearlstone is hard at work in the design and development phase for another residential high-rise development at 14th and Lavaca Street. Along with partner ATCO, Pearlstone Partners closed on the site in November 2021, will break ground on the project in 2023, and expects completion in 2025.

Northwest Downtown

The Pearlstone team is planning another mixed-use project in the northwest part of downtown Austin — an area that, historically, has provided few residential offerings for sale.

Early-Stage Development Pearlstone has three additional projects in the early stages of development. More details will be shared in the next three to six months, as plans progress.

Groundbreaking:

New Development (2323 South Lamar, Austin) Pearlstone will break ground in summer 2022 on a residential condominium development featuring 170 residential homes, ground-floor retail and creative office space. Branding is still to be determined. Project delivery is expected in 2024. More details will be available during the second quarter of 2022.

Pearlstone Partners was honored with numerous awards over the past year. The Austin Business Journal awarded Pearlstone Partners CEO Robert Lee one of the “Texas 100: Influential Professionals to Watch in 2022.” Pearlstone was nominated for the Austin Business Journal “2021 Family-Owned Business Award.” The Greater Asian Chamber of Commerce named Pearlstone Partners “2021 Business of the Year.” The Austin Black Business Journal listed Pearlstone Partners CEO Robert Lee among its “2021 Most Influential Diversity Champions.” Finally, the Austin Chamber of Commerce recognized Pearlstone Partners as a “2021 Generous Business Honoree.”

“Pearlstone Partners is proud to be at the forefront of attainable housing,” said Pearlstone Partners Vice President Chris Zaiontz. “We have identified a clear need for developments and pricing models in the real estate sector that meet the demands of the growing “Missing Middle” demographic at below-market rates, compared to most newconstruction residential offerings in the same neighborhoods.”

In the coming year, Zaiontz said Pearlstone Partners will continue developing products that meet these needs while also exploring additional product types involving hospitality, retail, and creative office space. The company is working to build strategic partnerships to expand offerings in Austin’s constantly evolving real estate market.

Get out of my escape room, LLC leased 2,808 square feet at 15655 San Pedro Ave. in San Antonio, TX. Shimeyka Olivares with EXP Realty, LLC represented the tenant and Katherine Morrison represented the landlord, Hartman Income REIT.

Tandy Leather Company, LP renewed 2,363 square feet at 5332 Walzem Road in San Antonio, TX. Katherine Morrison represented the landlord, Hartman Income REIT.

San Antonio, TX (Feb. 2, 2022) — Newmark announces it has completed the sale of Augusta Flats, a newly constructed, 260-unit luxury multifamily asset located in downtown San Antonio, Texas.

The property traded from private Texas-based real estate development and management firm Stillwater Capital to buyer, Lakewood, NJ-based real estate investment firm Strategic Properties of North America (SPNA) and their joint venture partner Benefit Street Partners Multifamily Trust (BSPMT). Newmark Vice Chairman Patton Jones and Managing Director Matt Michelson represented Stillwater Capital in the transaction. The asset is SPNA’s first purchase in San Antonio.

“Augusta Flats boasts a unique location between downtown San Antonio and the Pearl District,” said Jones. “This area remains one of the most desirable submarkets in San Antonio for renters and investors alike. Augusta Flats presented a rare opportunity for an investor to acquire a coveted piece of real estate in a walkable, 24-hour lifestyle hub.”

Augusta Flats is a 260-unit trophy luxury multifamily community built in 2020 and located at 819 Augusta Street in San Antonio, Texas. The asset features a mix of studio, one- and two-bedroom units with an average unit size of 799 square feet. The unit mix was carefully designed with 75% one bedrooms to appeal to young professionals as well as couples or roommates looking for more space. Units feature stainless steel appliances, quartz countertops, custom cabinetry, faux wood floors and modern lighting and finishes. Property amenities include a resort-style swimming pool courtyard with pergolas, cabanas and grilling stations; two-story fitness center; chic resident lounge; rooftop deck with downtown views; golf simulator room; Amazon Hub package system and WiFi in all common areas.

Augusta Flats is located within San Antonio’s CBD, less than six miles from the San Antonio International Airport. The property is a short walk to downtown and offers residents easy access to Interstate 35, Interstate 10, and Highway 281. The nearby Pearl, Broadway, Museum Reach, and Southtown/King William districts offer a variety of shopping, dining and entertainment options. Additionally, the community is only two blocks from San Antonio’s River Walk and San Pedro Creek, providing connectivity to the entire city.

According to Newmark Research, Sunbelt markets such as San Antonio continue to drive the highest demand and garner the most attention from multifamily investors and developers. For the Press Contact: Lizzy Mahan t 303-260-4437 lizzy.mahan@nmrk.com 2 Newmark Brokers Sale of Newly Constructed Luxury Multifamily Asset in San Antonio 12 months ending in the third quarter of 2021, approximately 3,800 new units were added to the inventory, and over 10,250 units were absorbed. Despite elevated supply, five-year forecasts show the market balancing as demand is likely to remain strong due to positive economic drivers, namely continued job and population growth.

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. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark’s company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.