Newmark Group, Inc. acquired Open Realty Advisors, LLC and Open Realty Properties for $72.9 million.
Newmark Group, Inc. (NasdaqGS:NMRK) completed the acquisition of Open Realty Advisors, LLC and Open Realty Properties for $72.9 million on May 2, 2022. The total consideration consists of contingent payment of $7.322 million, Cash and stock issued at closing $65.534 million, and cash acquired $1.286 million.