NorthMarq Acquires Houston-Based CRE Firm

Minneapolis-based NorthMarq announced it has acquired Kinghorn, Driver, Hough & Co., a Houston, Texas-based commercial debt and equity firm, for an undisclosed amount. KDH Principal Ray Driver will be a managing director at the firm’s Houston office, joining NorthMarq’s Tony Gray and John Burke. The deal comes several months after NorthMarq’s acquisition of Texas Realty Capital, a commercial mortgage banking firm based in Austin, Texas, and three months after the firm tapped Jeffrey Weidell as its next CEO. NorthMarq’s Texas business is headquartered in Dallas, while the firm also operates an office in San Antonio. KDH brings a nearly $2 billion loan servicing portfolio to the new firm, which extends NorthMarq’s servicing portfolio to more than $60 billion, according to the firm. KDH will also bring eight mortgage banking professionals and five financial analysts to the new Houston offices, growing the number of employees at the office to 30.

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REcolorado | September 28, 2023

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PR Newswire | October 17, 2023

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PR Newswire | October 25, 2023

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