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August 7, 2023 9:00 AM

�ǿ�����app���� announces it has completed the $24.6 million sale of a nine-property, net leased retail portfolio spanning across Alabama, Florida, Illinois, Indiana, Michigan and New York. The portfolio comprises nine net leased assets totaling nearly 250,000 square feet.

�ǿ�����app���� Vice Chairman Matt Berres, Director Samer Khalil and Associate Karick Brown of �ǿ�����app����’s Net Lease Capital Markets group represented the seller, an undisclosed REIT, in the transaction to an undisclosed public REIT buyer.

“We have continued to see strong demand for select net leased retail assets on a national level, and this portfolio checked all the boxes with solid locations, exceptional tenant credit and favorable lease terms, making it a great addition to the buyer’s portfolio,�� commented Berres.

The portfolio is 100% leased to a diversified mix of leading retailers including: AutoZone, located at 1095 North Farnsworth Avenue in Aurora, Illinois; Bridgestone, at 2955 Ogden Avenue in Lisle, Illinois; Goodwill, at 5035 West Hessler Road in Muncie and 989 North Emerson Avenue in Greenwood, Indiana; O’Reilly, at 1304 South Main Street in Atmore, Alabama; Sunbelt Rentals, at 415 East Taft Road in North Syracuse, New York; and Tractor Supply, at 2501 North Lincoln Road in Escanaba and 6859 Whitmore Lake Road in Whitmore Lake, Michigan and 18741 Cortez Boulevard in Brooksville, Florida.

Khalil added, “There continues to be a strong appetite for net leased retail assets with creditworthy tenants and robust fundamentals, even so for assets with shorter lease terms due to the opportunity to achieve a higher cap rate. There is a dearth of supply, making it an opportune time for sellers who own assets that fit the bill.��

According to �ǿ�����app���� Research, retail was the only property sector to see an annual increase, in U.S. investment sales year-over-year at the end of 2022, from 4 percent to $85.7 billion, the highest annual total since 2018, with gateway markets leading the outperforming retail rankings.

About �ǿ�����app����
�ǿ�����app���� Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“�ǿ�����app������), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. �ǿ�����app����’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, �ǿ�����app���� provides superior service to clients across the industry spectrum. For the year ending December 31, 2022, �ǿ�����app���� generated revenues of approximately $2.7 billion. As of June 30, 2023, �ǿ�����app����’s company-owned offices, together with its business partners, operate from approximately 170 offices with over 7,400 professionals around the world. To learn more, visit nmrk.com or follow .

Discussion of Forward-Looking Statements about �ǿ�����app����
Statements in this document regarding �ǿ�����app���� that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, �ǿ�����app���� undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see �ǿ�����app����’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.