News Release 1/ 11/ 2022

Northmarq continues national Investment Sales growth

MHC team joins in SoCal, new brokers expand Austin team

MINNEAPOLIS, MINNESOTA (January 11, 2022) — Northmarq continues to grow its investment sales platform, adding a new Manufactured Housing team in Southern California and three new multifamily brokers in Austin. In the last three years, the company’s IS platform has grown from its Southwest roots to national coverage, comprising more than 100 professionals, and facilitating nearly $18 billion of real estate activity.

The Manufactured Housing team — comprised of Managing Director Jeff Benson, Senior Vice President Sam Neumark, Associate Brokers Kody Scott and Jerimiah Robinson, and Transaction Manager Meg Carter — join Northmarq from Marcus & Millichap. They worked together representing buyers and sellers of manufactured housing communities in this important niche, with more than $2 billion in closed transactions and more than 20 years of previous experience. Benson and Neumark are industry leaders in the manufactured housing market and will bring national coverage by collaborating with the existing Northmarq MHC team of Don Vedeen, Jared Bosch, and Chris Michl, who are based in Phoenix.

“Now that we’ve covered the U.S. in institutional and private capital multi-housing property sales experts, we wanted to build out our expertise in a few niche areas. We added an affordable team last year, and now expand our focus on manufactured housing communities with Jeff Benson and his team, who will collaborate with our existing MHC team in Phoenix to offer national coverage for investors,” said Trevor Koskovich, president – Investment Sales. “As in Austin, we continue to add depth to teams across the country.”

In Austin, three senior associates — Hayden Schnieders, Jordan Vaughn, Will Collier — come to Northmarq from Matthews Real Estate, and join Managing Director Scott Lamontagne’s team, adding depth to his focus on land, Build-to-Rent communities, and market-rate multifamily.

“Hayden, Will, and Jordan bring experience in the Austin and surrounding tertiary markets as well as expertise in the value-add segment and infill properties. With Austin’s incredible economic engine, there is a huge demand for both value-add property acquisitions and infill redevelopment sites. Many of the relationships that these gentlemen bring to NorthMarq will now be able to benefit from the increased value that can be derived from viewing their assets using both of these unique lenses,” said Lamontagne.

Northmarq’s Investment Sales platform sold more than 300 properties in 2021 totaling over $11.7 billion and starts 2022 with a robust pipeline of more than 200 properties valued at $6.3 billion. See the company’s listings: https://listings.northmarq.com/