Northmarq’s Phoenix office arranges sale, financing for the acquisition of luxury apartments in Goodyear, AZ
PHOENIX (Jan. 2, 2025) — Northmarq’s Phoenix Multifamily Investment Sales team of Trevor Koskovich, Jesse Hudson, Ryan Boyle and Logan Baca successfully brokered the sale of District at Civic Square, a 352-unit multifamily community. Northmarq represented the seller, Kaplan Companies.
"Northmarq is proud to have facilitated this seamless transaction, bringing together a motivated buyer and the original developer of this high-quality asset,” says Koskovich. “The property's exceptional construction and strategic location in Goodyear, at the heart of robust retail and commercial expansion, made it a standout opportunity for the buyer.”
Northmarq’s Debt + Equity team led by Brandon Harrington and Tyler Woodard secured the bridge loan for their long time client, District at Civic Square LLC.
“We are excited for our client to add this project to their portfolio. Through our marketing process, the client secured an extremely attractive bridge loan,” said Harrington. “The bridge loan market is currently very liquid, with numerous lenders competing for these deals driving great terms for sponsors. This competitive financing will allow the property to complete its lease-up and stabilize effectively.”
Built in 2023, District at Civic Square is a resort-style community located at 15400 W. Monte Vista Rd. in Goodyear, Arizona. Residents enjoy a beautiful retreat in the Palm Valley neighborhood near Goodyear’s best shopping, dining and entertainment as well as major employers, including Luke Air Force Base and St. Joseph’s Westgate Medical Center. The luxury community offers studio, one- and two-bedroom apartment homes, averaging 936 sq. ft., with upscale in-home finishes.
Community amenities include: Bicycle storage, pool, fitness center, storage space, conference rooms, pet play area, courtyard, pet washing station and elevator.
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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.
