Northmarq completes sale, financing for 128-unit Fairway Apartments in Omaha, NE
OMAHA, Neb. — Northmarq’s Midwest Multifamily Investment Sales team led by Anthony Martinez, Parker Stewart, Dominic Martinez and Alex Malzone brokered the sale of Fairway Apartments, a 128-unit garden-style multifamily community located at 10025 S Plaza in Omaha, Nebraska.
Northmarq represented the seller, Northwestern Engineering Company, in the transaction. The buyer was a Dallas-based private investor.
"Omaha continues to draw investors from around the country, as demonstrated by Fairway receiving 85% of its offers from out-of-state investors, as its strong economic and population growth remain well above the national average," Anthony Martinez said. "We are pleased that we could assist the seller in rebalancing their portfolio with the disposition of this asset."
John Reed of Northmarq’s Debt + Equity team secured acquisition financing on behalf of the buyer through the firm’s in-house Fannie Mae DUS team.
Fairway Apartments is situated on 7.87 acres and consists of 14 residential buildings and a clubhouse. The property has benefited from long-term ownership of more than 25 years, resulting in strong historical occupancy and an average resident tenure of approximately five years.
Located near Interstate 80 and L Street (Highway 275), Fairway Apartments offers convenient access to major employment centers, retail corridors and regional economic drivers.
Meet our team
Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $80 billion and has completed $91.3 billion in transactions over the past fours years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
