Northmarq brokers $26.5M sale of 246-unit Reserve at the Knolls in Omaha, NE
OMAHA, Neb. — Northmarq’s Midwest Multifamily Investment Sales team led by Parker Stewart, Anthony Martinez, Dominic Martinez, and Alex Malzone brokered the $26.5 million sale of The Reserve at the Knolls, a 246‑unit garden-style apartment community located at 3816 N. 109th Plaza in Omaha, Nebraska.
Northmarq represented the seller, a New York-based investment group, in the disposition of the property. The buyer was an Iowa-based private investor.
"Reserve at the Knolls received strong buyer interest, generating 15 written offers from investors across the country,” said Stewart. “The property's strategic location along the I-680 corridor, coupled with its scale and upside potential, were key factors in the competitive process we were able to generate.”
Built in 1976, The Reserve at the Knolls is situated on approximately 20 acres and consists of 150 townhomes and 96 apartment units, offering a diverse mix of one‑ and two‑bedroom floor plans. The well‑maintained community has benefited from more than $3.9 million in capital improvements since 2022.
Community amenities include a clubhouse, fitness center, swimming pool, dog park, on‑site management and maintenance, and 198 attached and detached garage spaces. The property is located near Interstate 680 and Maple Street, providing convenient access to major employers, retail centers and entertainment options throughout the Omaha metro area.
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.
