NorthMarq’s Kansas City office closes sale and acquisition of Camson Portfolio in Lawrence, Kansas
OVERLAND PARK, KANSAS (September 5, 2019) – Jeff Lamott, managing director of NorthMarq’s Kansas City-based regional office arranged the sale of a multifamily portfolio consisting of 170-unit class A townhomes and apartments located in Lawrence, Kansas. Kyle Tucker, senior vice president and John Duvall, vice president of the Kansas City office arranged financing for the properties.
Financing Details:
- Jeff Lamott represented the buyer in the sale of their Orozco Topeka Portfolio and then sourced the Camson Portfolio off-market as the 1031-exchange replacement property through Wilhm Real Estate, a Kansas City broker who represented the seller.
- NorthMarq arranged the permanent-fixed financing on behalf of the buyer through its in-house Fannie Mae team.
Property Details:
- Camson Place: 90 units located at 5125 Overland Drive, Lawrence, Kansas
- Camson Villas: 38 units located 430 Eisenhower Drive, Lawrence, Kansas
- Camson Townhomes: 42 units 5244 Eisenhower Place, Lawrence, Kansas
- The Camson community offers residents best-in-class luxury units with custom gourmet kitchens, granite counters, direct access garages, and close proximity to neighboring boutique retail shopping in desirable west Lawrence, Kansas.
Producer Quote:
“We were excited to represent Orozco Capital Trust in the sale of their Class B Topeka Portfolio, and utilize a 1031-exchange to move them into a best-in-class Class A community with less deferred maintenance. Our NorthMarq debt team secured historically low interest rate financing allowing our client to reset to their depreciation schedule. The Camson Portfolio offers residents a best-in-class living experience in desirable west Lawrence, Kansas, a submarket which has strong rental demand that is positioned for continued growth.”
- Jeff Lamott
Meet our team
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 a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. For more information, visit www.northmarq.com.
