REBusinessOnline

Northmarq Brokers Sale of 116-Unit Multifamily Property in Brownsville, Texas

BROWNSVILLE, TEXAS — Northmarq has brokered the sale of Casa Grande, a 116-unit multifamily property located in the South Texas city of Brownsville. The community was built in 1973 and features a pool, courtyard and onsite laundry facilities. Zar Haro, Moses Siller, Phillip Grafe and Bryan VanCura of Northmarq represented the seller, Raybec Investments, in the transaction. An Austin-based syndication led by DARE Investing purchased Casa Grande for an undisclosed price. The new ownership plans to implement a value-add program.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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