Northmarq recognized as GlobeSt. 2023 Multifamily Influencer

MINNEAPOLIS (Oct. 10, 2023) — Northmarq is honored to be named by industry news leader GlobeSt.com as a 2023 Multifamily Influencer.

Below is content originally published by GlobeSt.

2023 Multifamily Influencers
These are interesting times for multifamily. Once the golden child of the commercial real estate family, it still is considered to be a long-term favorite. But the short-term is fraught with problems. A supply pipeline that is reaching a 50-year high. An interest rate regime that has made refinancing harder and cut margins. A rental growth rate that is slowing, in some cities dramatically. Navigating this environment for the past year has not been easy and the men and women who have made this particular sector their careers have had to muster all of their skills and knowledge to do so. In the following pages you will read about the people, teams and companies that have made their mark on multifamily in the past 12 months by not only fielding these issues but also figuring out how to thrive in what has become a difficult environment.

Northmarq
Last year, more than 70% of investment volume was in the multifamily sector for Northmarq, one of the nation’s leading commercial real estate brokerage and advisory firms. Northmarq multifamily is led by President of Investment Sales Trevor Koskovich and Senior Vice President and Director of Operations Arsen Aminov. The firm prides itself on offering its commercial real estate investors a personalized approach to buying and selling multifamily properties, land and manufactured housing communities. Northmarq’s Multifamily Investment Sales team assists in the acquisition and disposition of many product types, including market rate, luxury, affordable housing, student housing, senior housing and single-family rentals. It has been ranked as a top-15 multifamily brokerage firm with among the highest multifamily sales volumes in 2022 at $11.5 billion.

In the past three years, the company has closed more than $25 billion in multifamily transactions, including a 205-unit property in Clarksville, Tenn., for $40 million financed by Northmarq’s Minneapolis Debt + Equity office; a $33.5 million best-in-class community in Colorado; a St. Peters, Mo., luxury building for $70 million with financing arranged by Northmarq; and a three-property portfolio totaling 246 units in the Los Angeles metropolitan statistical area. The firm supports numerous community organizations including the Eastern Oklahoma Food Bank, Atlanta Community Food Bank and Habitat for Humanity, and through the Northmarq Neighbors program, it supports organizations throughout the nation that provide affordable housing and work to reduce homelessness, such as a Safe Haven Foundation in Chicago, Friends of Boston’s Homeless, New Hope Housing in Houston, New Life Mission in Tampa, Community Housing Works in San Diego and more.

View the 2023 GlobeSt. Multifamily Influencers.

Reprinted and excerpted with permission. © 2023 ALM Global Properties, LLC. All rights reserved.