Northmarq Acquires Thirdline Capital Management to Expand Investment Platform
Northmarq has acquired Thirdline Capital Management LLC, a registered investment adviser managing the closed-end fund TREIX. This acquisition adds income-oriented commercial real estate solutions and expands Northmarq's capital market offerings through its newly integrated platform. The move is part of Northmarq’s broader growth strategy following its 2024 merger with Morrison Street Capital to form Northmarq Fund Management, which focuses on small-balance and midmarket investments. The integration aims to enhance the firm’s ability to connect investors across various capital stack opportunities while strengthening asset management capabilities. Thirdline Managing Director Charles Hutchens expressed confidence in Northmarq's national platform for improving TREIX shareholder value through expanded sourcing and underwriting of commercial real estate assets.
Topics: Commercial Real Estate Fund Acquisition Investment Management