KANSAS CITY, MISSOURI (December 12, 2022) – Jeff Lamott and Gabe Tovar of Northmarq’s Kansas City investment sales office, brokered the sale of Jefferson Park East. The 208-unit multifamily property, built in 1987, is located at 1220 Missouri Court in Liberty, Missouri. Northmarq exclusively represented the Kansas City based seller, Maxus Properties, in the transaction.
“Jefferson Park offered the new ownership a great basis relative to many parts of the country for a Class B community,” said Lamott. “With the recent spike in the cost of capital, investors have become much more selective on the quality of assets to acquire for a reposition. Jefferson Park was built between 1987-2016 and was a prime candidate for deploying several grades of interior renovations to cater to multiple renter profiles.”