Northmarq completes sale of luxury townhome community in Columbia, MO
COLUMBIA, Mo. (Jan. 8, 2025) — Northmarq’s Midwest Multifamily Investment Sales team led by Dominic Martinez, Parker Stewart and Charlie McKee brokered the sale of a luxury 42-unit multifamily community located at 1616 Residence Dr. in Columbia, Missouri. Residences at Hawthorne offers luxury three-bedroom townhomes. Northmarq represented the seller, a local owner.
“High-quality assets, such as this luxury BTR-style community, are still seeing strong demand from investors across the country,” Martinez said. “Despite being only 42 units in a tertiary market, we received strong interest across all buyer profiles ranging from smaller, high-net-worth individuals to larger funds and private equity groups targeting high-quality product in the Midwest.”
The Residences at Old Hawthorne is ideally situated on Old Hawthorne Golf Club, a private golf and social club, and in a premier neighborhood with a median household income over $160,000 within 1 mile. The multifamily property boasts pristine golf course views, condo-quality finishes and large floorplans (2,168 average sq. ft.). Each unit offers a two-car garage, laundry room, open kitchen, granite countertops, stainless steel appliances and more.
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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.
