Northmarq’s San Antonio office arranges sale of 208-unit multifamily property in Harlingen, TX
Sierra Apts
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.
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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.
