Newmark Arranges JV Equity Placement and Construction Financing for Ocean One, a Luxury Multifamily Development

March 3, 2025 9:00 AM

Newmark announces the Company has arranged the joint venture equity placement on behalf of Hyperion Group and Winter Properties with Silverstein Properties for Ocean One, a 371-unit luxury multifamily project in Boynton Beach, Florida. Following the equity placement, the firm arranged a $108 million construction loan with Madison Realty Capital to finance the development.

"We are delighted to partner with this best-in-class group of investors and lenders and look forward to delivering this world class residence with unparalleled amenity and retail experience in the heart of downtown Boynton Beach, Florida," said Rob Vecsler, Chief Executive Officer at Hyperion Group.

Newmark Executive Vice Chairman Adam Doneger, alongside Vice Chairmen Avery Klann and Hampton Beebe represented Hyperion Group and Winter Properties in the equity raise, while Co-President, Global Debt & Structured Finance Jordan Roeschlaub, Vice Chairman Nick Scribani and Director Holden Witkoff secured the construction financing.

"This transaction highlights the continued depth of institutional capital targeting high-growth multifamily markets across South Florida," said Alex Cosio, Deputy Portfolio Manager at Silverstein Properties. "Ocean One combines a premier coastal location with best-in-class design and sponsorship."

Ocean One will rise eight stories across approximately 3.71 acres in Central Palm Beach County. The 371-unit development will feature a mix of junior one-bedroom, one-bedroom and two-bedroom residences. Designed to provide a world-class experience, on-site amenities will include a resort-style pool and spa, state-of-the-art fitness center, pickleball court, co-working spaces, sports simulator and expansive outdoor gathering areas, alongside structured parking and ground floor retail.

Primely located a short distance from the area's beaches and major employment hubs, Ocean One is positioned to benefit from the continued population and income growth trends driving the demand across Palm Beach County, with convenient access to Downtown Boynton Beach, Delray Beach and the broader South Florida corridor.

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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