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NorthMarq Completes Sale of Five DFW Apartment Properties
NorthMarq’s Dallas office recently completed the sale and financing of five multifamily properties totaling 1,153 units in the Dallas/Fort Worth market. The company said the sales reflected a resurgence of investment sales nationwide after slumping during the pandemic.
The properties included a three-property, 442-unit Fort Worth portfolio of 5700 Boca Raton Blvd., 525 King George Dr. and 350 Shady Lane Dr. The two Dallas assets included the View at Lake Highlands and McCallum Communities.
The multifamily investment sales team consists of Taylor Snoddy, James Roberts, Phillip Wiegand, Eric Stockley, Charles Hubbard, Campbell Brook and Devin Etzold. The debt/equity team consists of Stephen Whitehead, Lauren Bresky and Will Hancock.
“Our recent closings are indicative of the strength of the Dallas multifamily market,” said Snoddy. “Operations have held up strong over the past six months. This, coupled with a historically low interest-rate environment, has led to a sharp increase in our activity.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Financing
- ◦Sale/Acquisition
