Newmark and Greystone Secure $560 Million Refinancing on Behalf of Ares Management and Douglaston Development for 3ELEVEN

Core Insights - Newmark Group, Inc. and Greystone Capital Advisors arranged $560 million in floating-rate debt for 3ELEVEN, a luxury apartment tower in Manhattan, reflecting strong collaboration and market confidence [3][9] - 3ELEVEN features 938 units with premium amenities and is 99$2.5 billion in revenues for the year ended December 31, 2023 [5] - Greystone is recognized for its leadership in multifamily and healthcare finance, providing commercial lending through various platforms [1][10] Property Details - 3ELEVEN is a 60-story luxury apartment tower located near Hudson Yards, offering a range of apartment types and high-end amenities [3][4] - The property is managed by Clinton Management, affiliated with Douglaston Development, and is strategically located near upscale shops and the High Line park [6]