MINNEAPOLIS (NOV. 8, 2018) — NorthMarq Capital, the largest privately held commercial real estate mortgage banking firm in the U.S., announces the addition of multifamily investment sales in its Los Angeles regional office. Shane Shafer has joined as managing director to continue the expansion of NorthMarq Multifamily’s investment sales business.
Shafer brings more than 20 years of experience in investment sales, most recently working in Berkadia’s Irvine, California office, where he was the office’s top broker. His expertise is in the sale of apartments in Southern California for clients that range from some of the largest institutions to private capital. Recent sales include Capes at Ventura for $100 million, and the 254-unit Broadstone Serrano in San Bernardio, along with a significant number of sales in Orange County. During his career, he has represented owners in selling more than $3 billion in sales of apartments in California.
“My clients will benefit from the collaboration of investment sales and financing services to provide them the best service and most seamless execution for their real estate solutions. I am excited to join such a fast-growing, exciting platform,” Shafer said.
Jeff Weidell, president-NorthMarq Capital, said, “Shane is a great fit for our expanding multifamily business. Given the size of the Southern California market, it is a strategic growth opportunity for us as we integrate the sales and finance business on the West Coast.”
Trevor Koskovich, president-NorthMarq Multifamily, is leading the platform’s growth, which now includes investments sales professionals in Arizona, Kansas, Missouri, New Mexico and Texas. He is focused on recruiting professionals who are interested in leveraging the company’s culture and debt/equity history.
The Los Angeles regional office is one of NorthMarq Capital’s top performing offices, led by Ory Schwartz and Mike Elmore. “We are excited about the synergy that Shane will bring as he grows the multifamily investment sales team here,” said Elmore, executive vice president/managing director.
Shafer joins the debt and equity team at NorthMarq Capital’s Los Angeles regional office, 500 Newport Center Drive, Suite 650, Newport Beach, California.
In business since 1960, NorthMarq Capital has grown to nearly 550 employees through more than 20 acquisitions, now servicing over $53 billion of loans on $13 billion of annual production.