Northmarq, a leading commercial real estate lender, has announced its merger with investment management company Morrison Street Capital. The agreement will result in the renaming of Morrison Street Capital to Northmarq Fund Management.
According to Jeffrey Weidell, CEO of Northmarq, this merger is a significant milestone in their efforts to expand their national platform. He also stated that the combination of Northmarq’s expertise in commercial real estate and capital markets with Morrison Street Capital’s agile investment strategies will enable them to provide top-notch services for investors, partners and borrowers.
The merger coincides with the acquisition of NBS Real Estate Consulting – a boutique business affiliated with Morrison Street Capital that offers advisory services for real estate owners and lenders. NBS Real Estate Consulting will now operate as Northmarq Advisory Services under this new partnership.
Morrison Street Capital brings an impressive track record which includes over 180 investments and $750 million invested in more than 300 properties. Their combined transaction value (including mortgage debt) amounts to nearly $5.4 billion.
This latest development marks another step forward for both companies as they continue on their growth trajectory towards becoming industry leaders.
