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Chicago & Midwest  + Apartments  | 

Northmarq Brokers Contribution of KS Multifamily Portfolio to MLG Legacy Fund

Northmarq’s Kansas City Investment Sales team of Jeff Lamott, Casey Wilhm and David Belpedio completed the contribution of Camson Properties, a three-property apartment portfolio in the West Lawrence submarket in Kansas.

Northmarq represented the contributor, Orozco Capital Trust, which elected to contribute the portfolio to the MLG Capital Legacy Fund. Existing Fannie Mae financing was assumed by the MLG Legacy Fund, originated by John Duvall with Northmarq.

“With 83% of the unit mix in classic condition and a clear path to revenue growth through renovations, the Camson Portfolio offered an exceptional opportunity to capitalize on robust market fundamentals, including 8% annual rent growth and 98% occupancy in the submarket,” said Lamott.

The Camson Portfolio comprises three adjacent properties, offering a mix of one-bedroom villas, two-bedroom apartments, and three-bedroom townhomes. Built between 2007 and 2015, the portfolio had been maintained and managed by a local owner-operator who acquired the portfolio through Northmarq in 2019.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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