Northmarq, a leading commercial real estate lender, has announced its merger with investment management company Morrison Street Capital. As part of the agreement, Lake Oswego-based Morrison Street Capital will be rebranded as 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 combining 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 to investors, partners and borrowers.
The merger coincides with the acquisition of NBS Real Estate Consulting – a boutique business associated with Morrison Street Capital that offers advisory services for real estate owners and lenders. NBS Real Estate Consulting will now operate under the name Northmarq Advisory Services.
Morrison Street Capital has an impressive track record of 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.
