MINNEAPOLIS (April 9, 2018) – A nine-person multifamily investment sales team headquartered in Phoenix has joined NorthMarq Capital in a newly created NorthMarq Multifamily business. Formerly known as the HSK team and led by Trevor Koskovich, it marks the beginning of NorthMarq Capital’s selective geographic expansion of multifamily and manufactured housing investment sales services across the U.S. Koskovich has been appointed President, NorthMarq Multifamily, and will lead the business unit along with his current production team.
“We believe the expanded platform will benefit our clients and enable them to leverage our financing expertise throughout the life of their assset – from acquistion, renovation, refinancing and disposition,” said Jeffrey Weidell, president, NorthMarq Capital. “We are excited to add this team’s expertise to our company, and know that they will be a great cultural and business fit.”
Koskovich was the leading multifamily investment sales broker within his prior organization in 2017, and the HSK Team was the most productive multifamily investment sales team within that platform, having closed more than 250 transactions between 2010 and 2017. The team’s clients span all types of investors, from publicly traded REITS, private REITS, syndicates, and private investors and developers.
“I am incredibly excited to join NorthMarq and work with them to build a robust investment sales platform to support the already very successful debt and equity business,” said Koskovich. “With our cultures and philosophies already aligned, we are ready to seize the opportunities ahead to support our clients.”
Based in Phoenix, the team has a market-leading position in multifamily property sales across the Southwest region of the U.S. On average, HSK transactions include multifamily properties of 100 units or more, with a market value of between $10 and $50 million.
In addition to Koskovich, four other brokers have joined NorthMarq Capital this month including Bill Hahn, executive vice president; Vice Presidents Jesse Hudson, Cynthia Meister, and Don Vedeen. Meister is based in Albuquerque, while the rest of the team is based in NorthMarq Capital’s Phoenix office, 3200 East Camelback Road, Suite 253. James DuMars continues to lead the debt and equity business for NorthMarq Capital in Phoenix.
Since 1998, NorthMarq Capital has grown through more than 15 acquisitions, now closing loans on over 1,000 transactions per year with overall production volume of $13 billion. As the largest privately held commercial real estate intermediary, the company’s servicing portfolio has grown to more than 6,000 loans in excess of $53 billion.