Kansas City
PAC Lands 260-Unit KC-Area Community
Adara Overland Park is a recently built Class A multifamily asset in Overland Park, Kan. Preferred Apartment Communities (PAC) financed the acquisition using a Freddie Mac loan.
U of Kansas Boosts Student Housing Capacity
The four-building project will offer 1,238 beds serving the University of Kansas. This marks the company’s largest project and the first one in Kansas.
HOK-Designed ARTerra Tower Underway in MO
The community, developed by Altus Properties and Copaken Brooks, features design elements intended to make the building instantly recognizable in Kansas City and beyond.
Passco Trades Remaining Interest in KS Property for $48M
The company sold The Village at Lionsgate, a 360-unit community in the Kansas City MSA. Mac Crowther, vice chairman at ARA Newmark’s Kansas City office, represented both parties in this transaction.
Cordish Tops Off $120M MO High Rise
Scheduled to open in 2018, the 296-unit Two Light is the second new construction high-rise apartment building in downtown Kansas City in the last 50 years.
Berkadia Leads Sale of 192-Bed Kansas Community
The company arranged the $6.9 million sale on behalf of the seller. The 84-unit student housing property services Butler Community College.
Kansas City’s New Look
Kansas City is in the midst of a transformation, growing as a financial and research center, with increased investment in infrastructure, all of which support multifamily fundamentals.
JVM Starts Renovations on Kansas City Communities
The upgrades include revamped clubhouses and common areas. Apartment units will also be improved over the next couple of years.
Milhaus Starts Work on New Apartments in Kansas City
The 361-unit property will also include 7,500 square feet of ground-floor retail space. The company plans for occupancy in 2018.
On the Market: 5 Interesting Listings for the Week of 3/27
This week’s listings feature a property located two miles from the Las Vegas Strip and a luxury community in the growing Augusta, Ga.