MINNEAPOLIS, MINNESOTA (May 20, 2020) — NorthMarq continues its coast-to-coast expansion of multifamily investment sales with the addition of Scott Lamontange as managing director-Investment Sales in Austin. He will work to build a team in Central Texas and collaborate with debt and equity experts in NorthMarq’s four Texas offices to offer financing to clients.
Jeffrey Weidell, chief executive officer, NorthMarq, said, “Scott is the ideal leader for investment sales in Austin, completing our vision of adding the full complement of services to this market following our opening in 2019.”
Trevor Koskovich, president-Investment Sales, leads the multifamily investment sales platform’s growth, and looks for professionals who are interested in leveraging the company’s entrepreneurial culture and debt and equity expertise. “Scott is a market leader in Austin, and will be a perfect fit for our growing team of investment sales experts in Texas and in the company. He brings deep experience in institutional investment sales, new development, equity structures, and land acquisition.”
Lamontange comes to NorthMarq after 18 years of multifamily investment sales, most recently with JLL as Managing Director and previously with Institutional Property Advisors, a Marcus and Millichap company, covering central Texas. During the last 18 years, his transaction volume exceeded $7 billion, with more than 50,000 apartment units sold. Lamontange is an Austin market expert, speaking at local and regional real estate conferences, and serving as an advisor for the Federal Reserve Bank of Dallas Beige Book publication.
Lamontange has worked on several high-profile multifamily sale transactions including:
- Project Catalyst, an infill Austin, class-A, 10 million sq. ft., mixed-use re-development site near downtown Austin.
- The Catherine, a downtown Austin iconic high-rise that garnished the highest per unit price in Texas history.
- Tacara Steiner Ranch, a Class A+ suburban garden asset overlooking Lake Travis in Austin.
- Tribute at the Rim, a San Antonio mid-rise luxury asset that was the city’s largest single transaction in 2019.
He will join the NorthMarq Austin office located at 1209 West Fifth Street, Suite 300, and collaborate with the debt and equity team, including John Morran, managing director, Matt Counts, sr. vice president; Jim Lemos, sr. vice president; and Jesse Lemos, vice president. NorthMarq added the Austin office in April 2019 when the company acquired Texas Realty Capital.
Austin becomes NorthMarq’s 12th office to add investment sales. In business since 1960, NorthMarq has grown to more than 600 employees through more than 20 acquisitions, a $61 billion loan servicing portfolio and access to hundreds of capital sources.