Northmarq Arranges the $13.7M Sale and Financing of Grover Square Apartments in Omaha Nebraska

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Grover Square
Built in 1972, the apartment community is located at 6801 A Plaza near the intersection of Grover and 68th Plaza.

Northmarq’s Midwest Multifamily Investment Sales team of Parker Stewart, Anthony Martinez, Dominic Martinez and Alex Malzone with Jim Gibson recently completed the $13.7 million sale of Grover Square, a 201-unit multifamily property in Omaha, Nebraska.

Northmarq represented the Omaha-based seller, Burlington Capital Group. The buyer was a Missouri-based private investor with over 1,500 units owned and managed across its Midwest portfolio. John Reed, managing director of Debt + Equity at Northmarq, arranged the financing for the acquisition.

Grover Square is a garden-style community near shopping, dining, entertainment and employment opportunities as well as the University of Nebraska – Omaha. The community features floorplans from studio/1-bath, 1-bed/1-bath, and 2-bed/1-bath with rents around $815 – $1,216 per month.

“Grover Square received significant interest from investors across the country due its desirable location within the I-80 corridor and the long-term ownership,” said Stewart.

For nearly 60 years, Northmarq has provided debt, equity, and loan servicing to commercial real estate owners and investors through our offices across the U.S. Our investment sales platform offers acquisition and disposition services for multifamily assets in select markets. We offer clients the ideal combination of a strong national company capable of attracting a wide range of capital sources, a personalized approach to buying and selling multifamily properties, exceptional knowledge of local markets, and a robust loan servicing operation to manage the life of every loan. With decades of expertise built on strong relationships, employees find that Northmarq is a challenging yet supportive workplace where they are able to advance their career aspirations and future.