KANSAS CITY, MISSOURI (September 7, 2022) –Gabe Tovar, senior vice president and Jeff Lamott, managing director of Northmarq’s Kansas City investment sales team, finalized the sale of Hunters Glen in Kansas City, Missouri. Built in 1975, the 253-unit community is located in the Platte County, one of the metro’s fastest-growing submarkets. “The attention this offering received demonstrates an ongoing investor conviction towards the Kansas City market where underlying fundamentals are driving long-term growth,” said Tovar.
Northmarq represented the seller and sourced the buyer, Anthem Capital, during a fully-marketed process. John Duvall, with the Kansas City debt and equity team, secured acquisition financing on behalf of the buyer through Northmarq’s relationship with a local bank. “With ongoing volatility in the capital markets, local banks have become an attractive source for investors seeking fixed rate financing with the highest proceeds,” said Duvall.
Located near I-29, Hunters Glen is served by an award-winning school district and in the heart of Platte County’s leading amenity centers including Zona Rosa, Village at Burlington Creek and Shops at Boardwalk. The acquisition marks Anthem Capital’s second purchase in the Kansas City MSA.