NorthMarq Acquires Texas Realty Capital, Adds $900M Servicing Portfolio
MINNEAPOLIS AND AUSTIN, TEXAS — NorthMarq Capital has acquired Austin-based Texas Realty Capital (TRC), a deal that adds a $900 million servicing portfolio to the Minneapolis-based intermediary’s holdings. The acquisition brings NorthMarq’s total servicing portfolio to more than $56 billion. Since TRC’s founding in 2006, the commercial mortgage banker has placed more than $3 billion in commercial debt with nearly 30 capital sources. TRC principals Jim Lemos, John Morran and Matt Counts, along with the firm’s five other employees, will all join NorthMarq. In business since 1960, NorthMarq Capital has grown to more than 550 employees. During the past 12 months, the company has added six investment sales offices, most recently in San Diego.