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Northmarq Merges with Morrison Street Capital
Commercial real estate lender Northmarq is merging with investment management company Morrison Street Capital. The merger agreement will rename Lake Oswego, Oregon-based Morrison Street Capital as Northmarq Fund Management.
“This merger serves as an important milestone as we continue to expand our national platform,” said Jeffrey Weidell, chief executive officer for Northmarq. “Northmarq’s extensive commercial real estate and capital markets knowledge, supplemented by Morrison Street Capital’s nimble investment strategies, will allow us to deliver a new and best-in-class service to our investors, partners and borrowers.”
The merger coincides with the acquisition of NBS Real Estate Consulting, a boutique business affiliated with Morrison Street Capital that provides advisory services to real estate owners and lenders. NBS Real Estate Consulting, also based in Lake Oswego, will now operate as Northmarq Advisory Services.
Morrison Street Capital’s history includes more than 180 investments and $750 million of fund capital invested in over 300 properties, with a combined transaction value, including mortgage debt, of nearly $5.4 billion.
