NorthMarq’s Jeff Lamott arranges sale of three-properties in multifamily portfolio

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OVERLAND PARK, KANSAS (July 10, 2019) – Jeff Lamott, managing director of NorthMarq’s investment sales division in the Kansas City regional office arranged the sale of three multifamily properties in Topeka, Kansas. The portfolio has a combined 216 total units.

NorthMarq arranged the transaction on behalf of the seller, Orozco Capital Trust, as well as for the buyer, Vertex Investments. 

“The Orozco Portfolio was primarily comprised of ‘90’s-built Class B workforce housing with near 100 percent historical occupancies,” said Lamott. “Located in highly desirable suburban Class A submarkets throughout the capital city, the well-maintained assets enabled new ownership a rare opportunity to immediately focus on rent generating unit and amenity upgrades.”

- Shawnee Lake is located at 3613 SE 30th Terrace, Topeka, Kansas and contains 117-units.

- Wanamaker View is located at 5991 SW 22nd Park, Topeka, Kansas and contains 65-units.

- Brentwood Apartments is located at 4301 SW 15th Street, Topeka, Kansas and contains 34-units. 

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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 $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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