MINNEAPOLIS, MINNESOTA (June 23, 2021) - NorthMarq has formed a national investment sales and financing team focused on the booming build-to-rent sector. The unit consists of eight existing and recently hired staffers, with NorthMarq investment-sales president Trevor Koskovich overseeing the effort from Phoenix. The news was published in the June 23, 2021 edition of Real Estate Alert.
Working on the sales side are managing director Scott Lamontagne in Austin and senior vice presidents John Currin in Charlotte and James Roberts in Dallas. Lamontagne signed on in May 2020 and Currin arrived in February. Both were previously at JLL. Roberts, formerly of Transwestern, joined NorthMarq in 2018, focused on multifamily sales.
Working to line up financing for clients are executive vice president Jeff Erxleben and senior vice president Will Hancock, both in Dallas, along with regional managing director Faron Thompson in Atlanta and managing director Brandon Harrington in Phoenix.
The company expects the team's formation to boost its presence in the build-to-rent space. In the past 18 months, the Minneapolis brokerage has arranged the sales or financing of eight Phoenix-area communities with a combined value of more than $400 million for Mesa, Arizona developer Christopher Todd Communities.