ODESSA, TX—NorthMarq Capital's Denver office arranged financing of $29.25 million for Andalucia Villas, a multifamily community that's one of two dozen that Weidner Apartment Homes owns in West Texas. SVP Greg Benjamin and associate producer Jeff DeHarty arranged the financing for the borrower, a division of Weidner Investment Services Inc.
Andalucia Villas is located at 5075 E. 52nd St. in Odessa. It was constructed between 2012 and 2013, and its 402 units are contained in 17 buildings of two and three stories each.
Now the 27th largest apartment owner in the US based on total number of units, Kirkland, WA-based Weidner had 227 communities totaling 42,027 units across nine states and four Canadian provinces. That includes eight properties in Odessa and another 10 in the neighboring city of Midland. The city of Abilene, about 190 miles to the east, is home to another half dozen Weidner apartment properties.
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