October 20, 2015

NorthMarq Capital arranges $9.9 million equity investment for the construction of 276 unit multifamily property in Baton Rouge, Louisiana

Tapestry at Long Farm

Debt & Equity

Multi-Tenant

ATLANTA (October 20, 2015) – Will James, vice president of NorthMarq Capital’s Atlanta based office secured a $9.9 million equity investment for the construction of Tapestry at Long Farm, a 276 unit multifamily property to be located in Baton Rouge, Louisiana. The project is the first project to be constructed in the MSA since 2008. "Macro level economic generators including a new 800 employee IBM office complex downtown, port expansion projects in response to the widening of the Panama Canal, and local infrastructure investments of over $1 billion were the elements the institutional opportunity fund recognized as reasons to invest in this tertiary market," said James, who represented the developer in sourcing this relationship. “This marks the second investment between the developer and the institutional fund, and it will likely expand to future projects.”

Available Multifamily properties

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.