Northmarq brokers $70M sale of 381-unit multifamily community in Wentzville, MO
Image credit: Jon Saucier Photography
WENTZVILLE, Mo. — Northmarq's Midwest Multifamily Investment Sales team led by Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee completed the $70 million sale of Villages at Lake Silvercote, a 381-unit garden apartment community located at 100 Dry Brook Rd. in Wentzville, Missouri.
Northmarq represented the seller, a local investment group. The buyer was a private firm.
"Located on the far west side of St. Charles County, the Villages at Lake Silvercote received a significant amount of interest from investors across the country, generating 32 offers,” said Martinez.
“The wide variety of buyers we saw — including high-net-worth, family offices, institutional and developers — is a testament to the demand for investor appetite for high-quality, value-add deals in the Midwest,” Stewart added.
Villages at Lake Silvercote features 381 garden-style units with a mix of one-, two- and three-bedroom apartments and townhome-style residences, averaging 1,190 square feet. Interior highlights include stainless steel appliances, granite countertops, in-unit washers and dryers, and private balconies or patios in select units. Community amenities include a swimming pool, fitness center, clubhouse and BBQ grill areas.
Located in Wentzville, one of Missouri’s fastest-growing submarkets within St. Charles County, the property benefits from strong market fundamentals. The area has seen a 9.4% population increase since 2020, with a median household income of $111,000 and proximity to major employers like General Motors and Mastercard.
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.
