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NorthMarq Team Arranges Nebraska’s Large Single-Property Multifamily Deal
NorthMarq’s St. Louis investment sales team of Parker Stewart and Dominic Martinez arranged the sale of Fairways at Lincoln. The 613-unit resort-style multifamily property, built in 2007, is located at 375 Fletcher Avenue in Lincoln, NE. Although the price wasn’t disclosed, the transaction is the largest single-property multifamily sale in Nebraska history, according to Real Capital Analytics.
Stewart and Martinez represented the seller, Kansas City-based Cohen-Esrey, and provided financing for the buyer, Connecticut-based Hamilton Point Investments. NorthMarq’s John Reed arranged acquisition financing.
“Fairways of Lincoln checked several boxes for hundreds of investors across the country,” said Stewart. “The size, vintage, proven upside on upgraded units, exceptional fundamentals of the Lincoln multifamily market, and overall uniqueness of the asset led to an extremely competitive process.
“Ultimately, the profile of the deal fit perfectly for the buyer, providing solid in-place operations, and the ability to continue renovations,” he continued.
- ◦Sale/Acquisition
