The Marcil Group Inc. is pleased to announce it has provided $1,500,000 of equity financing for One Oak Place in Fargo North Dakota. Phase 1 construction for this new $16MM facility will be completed in October of 2007. The facility will include 127 upscale senior market rate apartments and a variety of other services. Phase 2 will include an additional 160 units.
The Marcil Group Inc. was founded in California in 2004. In 2005 the company relocated its headquarters to Fargo, North Dakota and has grown a real estate portfolio that includes over 1,200 residential units and over 400,000 Sq Ft of commercial space. Total assets under management now exceed over $70,000,000. The Marcil Group Inc. is recognized as one of the fastest growing real estate companies in North Dakota history. The company continues to maintain an investor relations office in Burlingame, California. The Marcil Group Inc. through subsidiary Marcil Management Inc. was recently recognized by Intuit NYSE “INTU” as one of the three most technologically innovative property management companies in The United States.
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