SAN ANTONIO (Nov. 2, 2023) — Northmarq’s
San Antonio Multifamily Investment Sales team of
Zar Haro,
Moses Siller,
Bryan VanCura,
Phil Grafe and
Brian Booth has finalized the sale of Sierra Apartments, a 208-unit multifamily community located at 2901 Haine Dr. in Harlingen, Texas. Northmarq represented the seller, Juniper Investment Group, with DTI Investments being the buyer.
"The interest in this asset was one of our best turnouts for the year, largely attributed to the property's outstanding condition and the significant growth in the region," commented Haro.
Sierra Apartments, as a top-tier institutionally managed asset, stands out in its performance against regional benchmarks. With its constant growth in leases and optimal operating dynamics, its prime location in Cameron County is further enriched by substantial corporate investments from entities like Rio Grande LNG and SpaceX. The property's accessibility to major transport channels and its proximity to the Valley International Airport further enhance its value proposition.
View available multifamily properties here.
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.
