Ray Driver, principal of KDH, is to become a managing director of NorthMarq's Houston office.
HOUSTON—NorthMarq recently acquired Kinghorn, Driver, Hough & Co., a Houston-based commercial debt and equity firm. Ray Driver, principal of KDH, will join Tony Gray and John Burke as a managing director of NorthMarq's Houston office.
The acquisition brings two well-known debt and equity groups together to create one of the largest and most experienced firms in the Houston market. Founded in 1945, KDH is the oldest, independently owned commercial real estate capital company in Texas.
KDH's principals previously held an ownership position in the Q10 network of privately held commercial real estate capital firms. NorthMarq's Houston office dates back to 1949 and it was acquired by NorthMarq in 1998.
KDH has eight additional mortgage banking professionals and five financial analysts coming into the mix, bringing the total employees in the expanded NorthMarq office to nearly 30. In addition to the firm's mortgage banking professionals, KDH also brings nearly $2 billion in loan servicing portfolio, extending NorthMarq's servicing portfolio to more than $60 billion.
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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.
