Northmarq’s Kansas City office brokers the contribution of 170-unit multifamily portfolio to the MLG Legacy Fund in Lawrence, KS

LAWRENCE, Kan. — Jeff Lamott, Casey Wilhm and David Belpedio of Northmarq’s Kansas City Investment Sales team completed the contribution of Camson Properties, a three-property apartment portfolio in the West Lawrence submarket, including:

• Camson Place | 90 units | built in 2015.
• Camson Townhomes | 42 units | built in 2007.
• Camson Villas | 38 units | built in 2009.

Northmarq represented the contributor, Orozco Capital Trust, who elected to contribute the portfolio into the MLG Capital Legacy Fund. Existing Fannie Mae financing was assumed by the MLG Legacy Fund originated by John Duvall with Northmarq.

“This transaction highlights the continued strength of the West Lawrence submarket and the appeal of well-maintained, 2000s-vintage assets with significant value-add potential,” said Lamott. “With 83% of the unit mix in classic condition and a clear path to revenue growth through renovations, the Camson Portfolio offered an exceptional opportunity to capitalize on robust market fundamentals, including 8% annual rent growth and 98% occupancy in the submarket.”

The Camson Portfolio comprises three adjacent properties — Camson Villas, Camson Place and Camson Townhomes — offering a diverse mix of one-bedroom villas, two-bedroom apartments, and three-bedroom townhomes.

Built between 2007 and 2015, the portfolio had been meticulously maintained and managed by a local owner operator who acquired the portfolio through Northmarq in 2019.  The properties feature granite countertops, attached garages in most units, and community amenities such as a swimming pool and fitness center.