Northmarq merges with Oregon investment management group

Northmarq, a commercial real estate firm based in Bloomington, announced that it is merging with a 22-year-old investment management company based in Lake Oswego, Oregon, according to a Northmarq press release.

Morrison Street Capital is being merged with Northmarq, the release said. Northmarq will also acquire a related firm called NBS Real Estate Consulting, which has been operating since 2017.

The move by Northmarq is an important one for expanding their platform throughout the nation, according to Northmarq CEO Jeffrey Weidell.

“Northmarq’s extensive commercial real estate and capital markets knowledge, supplemented by Morrison Street Capital’s nimble investment strategies, will allow us to deliver a new and best-in-class service to our investors, partners and borrowers,” Weidell said. “The capital in our new fund will help bridge gaps to allow our clients to close deals in this challenging market.”

Morrison Street Capital, now called Northmarq Fund Management, will continue to operate three closed-end funds and one open-end investment vehicle, according to the release. The group will continue to work in Lake Oswego, though now it can use Northmarq’s relationships, research and market underwriting, something Morrison CEO Rance Gregory said will let them better serve their clients.

Morrison Street Capital has a series of investments throughout the country, across different asset classes. Their fund capital is worth $750 million.

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