Northmarq arranges $9.4M sale and acquisition financing for Southfield Apartments in La Vista, NE

OMAHA, Neb. (Sept. 13, 2024) — Northmarq’s Midwest Multifamily Investment Sales team of Parker Stewart, Anthony Martinez, Dominic Martinez and Alex Malzone with Jim Gibson brokered the $9.4 million sale of Southfield Apartments. The 84-unit multifamily complex was built in 1993 and is located at 7009 S 83rd St. in La Vista, Nebraska. Northmarq represented the seller, an Omaha-based private investor in the transaction. The buyer was a Dallas-based private investor.

Northmarq’s Debt + Equity team, led by John Reed secured the financing through its in-house Fannie Mae DUS platform. The transaction was structured on a 5-year term.

“Southfield Apartments, recently released from LURA restrictions, garnered significant interest from investors nationwide, including 33 written offers,” said Anthony Martinez, associate broker for Nothmarq’s St. Louis office. “The property’s long-term ownership by the original developer, its potential for organic and operational growth, plus its strategic location near $500 million of new development, made it a compelling opportunity for investors ranging from large investment funds to high-net-worth individuals.”

“By collaborating with the Investment Sales team, we were able to secure Fannie Mae financing at very favorable terms for the buyer,” said Reed.

Southfield Apartments features a desirable mix of one-, two- and three-bedroom apartments in the growing community of La Vista, just 15 minutes south of downtown Omaha. Proximate to Interstate 80, the property provides convenient access to Omaha’s top employers, major retailers, entertainment options and other key economic drivers in the area.