Northmarq’s Kansas City completes sale of the 208-unit Jefferson Park East in Liberty, Missouri

Jefferson Park East
Investment Sales - Multifamily
Multi-Tenant
Multifamily
Sale
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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.” 

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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
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