NorthMarq's Dallas office co-brokers acquisition financing of six property portfolio for Exponential Property Group in Dallas-Fort Worth
DALLAS (July 9, 2018) – NorthMarq’s Dallas regional office co-brokered acquisition financing for the Quality Estates Portfolio, a portfolio of six apartment properties throughout Dallas-Fort Worth. The transaction was structured with a life company for the borrower, Exponential Property Group.
The six properties in the portfolio are Cedar Point at 2020 Cedar Point Drive in Arlington (272 units); Emerald Hills & Normandale at 8950 N. Normandale Street in Fort Worth (398 units); Marine Creek at 4500 Marine Creek Parkway in Fort Worth (248 units); The Woodlands at 7040 John T. White Road in Fort Worth (346 units); Pecan Knoll & Broadway at 1051 E. Centerville Road in Garland (492 units); and Quail Ridge at 1919 W. Tarrant Road in Grand Prairie (292 units). The assets are approximately 98 percent leased overall.
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
