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NorthMarq Grows Servicing Portfolio With Acquisition

NorthMarq’s acquisition of Texas Realty Capital adds a fourth NorthMarq location in Texas and a servicing portfolio of $900 million, which brings the total portfolio to more than $56 billion.

John Morran Principal John Morran joins NorthMarq after its recent acquisition of Texas Realty Capital.

AUSTIN, TX—NorthMarq has acquired Texas Realty Capital, an Austin-based commercial mortgage banking firm. The office becomes the company’s fourth location in Texas and adds a servicing portfolio of $900 million, bringing NorthMarq’s servicing portfolio to more than $56 billion.

The firm’s principals, Jim Lemos, John Morran and Matt Counts, will join NorthMarq along with the firm’s five additional employees. Texas Realty Capital, founded in 2006 when its principals left GMAC Commercial Mortgage, has placed more than $3 billion in loans on commercial, multifamily and hotel properties, working as a life company correspondent with nearly 30 capital sources.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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