January 6, 2020
Kinghorn, Driver, Hough & Co. (KDH) was acquired by NorthMarq for an undisclosed price. Commercial debt and equity firm KDH is headquartered in Houston, and is the oldest, independently-owned commercial real estate capital company in Texas.
Eight mortgage banking professionals and five financial analysts will join NorthMarq’s Houston office, bringing the employee count to nearly 30. KDH principal Ray Driver will be a managing director.
“Our personalities and ethics align very well, and most of us have known each other for many years. The value for our clients will be the expanded platform of capital sources, especially NorthMarq’s Fannie Mae and Freddie Mac relationships,” Driver said, adding that the other appeal is NorthMarq’s growing investment sales business. “That service speeds up deal flow and opportunities for clients,” he added.
The buy expands the Minneapolis-based NorthMarq’s Texas presence. The company acquired Austin-based Texas Realty Capital in April 2019.
Pictured: Ray Driver
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