Multifamily - Debt, Sale

Northmarq’s Kansas City office completes sale and financing of Hunters Glen

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. 

 

Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales and loan servicing. We combine industry-leading capabilities with a flexible structure, enabling our national team of experienced professionals to create innovative solutions for clients. Our solid foundation and entrepreneurial approach have built an annual transaction volume of more than $37 billion and a loan servicing portfolio of nearly $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq introduces clients to expanded opportunities across all major asset classes.