Northmarq Arranges First-Time Sale of Kansas City Multifamily

Northmarq’s Midwest investment sales team of Gabe Tovar, Jeff Lamott, Parker Stewart and Dominic Martinez arranged the sale of Timberlane Village in Kansas City, MO. The property features 456 units and was offered to market for the first time on behalf of its original developer, which built Timberlane Village in 1987. 

Additionally, Northmarq SVP Daniel Stickane secured acquisition financing for the buyer, Venterra Realty, with a fixed-rate loan through Northmarq’s in-house Fannie Mae team.

“We continue to see investor conviction toward the underlying fundamentals in durable Midwest markets, and for this sale specifically, the underwriting of expansive economic development in South Kansas City,” said Tovar. “Timberlane’s size and exceptional condition generated multiple offers from regional and national investors, several of whom were pursuing the opportunity as their first in this market.”

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