Northmarq’s Midwest Multifamily Investment Sales team led by Parker Stewart, Anthony Martinez, Dominic Martinez and Alex Malzone successfully brokered the sale of two Nebraska multifamily properties totaling 566 units. The portfolio includes The Vue (330 units, located at 2882 Comstock Plaza in Bellevue) and Lakeview Park (236 units, located at 510 Surfside Drive in Lincoln).
Northmarq represented the seller, a joint venture between Vantage Capital Advisors and Cherry Tree Capital Partners. The buyer was a private Canadian investment firm.
“The seller’s effective execution of their value-add business strategy created exceptional returns, allowing these assets to outperform expectations with the in-place fixed debt creating immediate cash flow with future upside,” said Stewart. “It was a very competitive marketing process as we received a significant number of offers from qualified groups spanning North America. Investment demand from institutional capital in the Midwest has recently gained serious momentum, and the strong underlying fundamentals of Omaha and Lincoln are great examples of why.”
The Vue offers 330 well-maintained units in a thriving suburban setting. Built in 2000, the community is positioned near Nebraska Medicine Bellevue Medical Center and Highways 370 and 75, providing residents with convenient access to Omaha’s major employers, retailers, and entertainment hubs.
Lakeview Park is a garden-style multifamily community featuring 236 units. Built in 1995, the property benefits from a prime location near Interstate 80 and West O Street, granting direct access to Downtown Lincoln, major employers, and the University of Nebraska-Lincoln.
Both properties offer a full suite of lifestyle amenities, including recently renovated clubhouses, swimming pools, indoor and outdoor fitness centers, and secure package lockers.
With strong market fundamentals and desirable locations, The Vue and Lakeview Park continue to exemplify the strength of Nebraska’s multifamily sector. Northmarq’s successful execution of this transaction underscores its expertise in delivering strategic investment solutions across the Midwest.
