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Northmarq Arranges First-Time Sale of Kansas City Multifamily

Northmarq’s Midwest investment sales team of Gabe Tovar, Jeff Lamott, Parker Stewart and Dominic Martinez arranged the sale of Timberlane Village in Kansas City, MO. The property features 456 units and was offered to market for the first time on behalf of its original developer, which built Timberlane Village in 1987. 

Additionally, Northmarq SVP Daniel Stickane secured acquisition financing for the buyer, Venterra Realty, with a fixed-rate loan through Northmarq’s in-house Fannie Mae team.

“We continue to see investor conviction toward the underlying fundamentals in durable Midwest markets, and for this sale specifically, the underwriting of expansive economic development in South Kansas City,” said Tovar. “Timberlane’s size and exceptional condition generated multiple offers from regional and national investors, several of whom were pursuing the opportunity as their first in this market.”


Inside The Story

Northmarq's Tovar

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).