Multifamily - Debt, Sale

NorthMarq’s Kansas City office arranges sale of 426-unit multifamily portfolio in Kansas City for $21.2 Million

KANSAS CITY, MISSOURI (November 2, 2020) – Jeff Lamott, managing director and Gabe Tovar, associate vice president, arranged the sale of a 426-unit three-property multifamily portfolio on the behalf of Urban Southwest Capital to FTW Investments. The properties are located in the Kansas City submarket of Independence, Missouri. Kyle Tucker and John Duvall arranged financing for the Hudson Community through the company’s exclusive status as a Freddie Mac Optigo lender. The properties involved in the sale were the Hudson, a 253-unit property at 1401 S. Cunningham Ave; Meadowbrook, a 113-unit property at 2141 S. Swope Drive; and Winner Place, a 60-unit property at 9528 Winner Road.

“The Independence Portfolio went to market one week before the pandemic onset and generated significant national interest. Despite economic volatility across the country, investors are vying for opportunities in Kansas City as it remains one of a few Midwest markets posting continued rent growth and positive net migration.” said Lamott. 

As a capital markets leader, NorthMarq offers commercial real estate investors access to experts in debt, equity, investment sales, and loan servicing to protect and add value to their assets. For capital sources, we offer partnership and financial acumen that support long- and short-term investment goals. Our culture of integrity and innovation is evident in our 60-year history, annual transaction volume of more than $16 billion, loan servicing portfolio of more than $65 billion and the multi-year tenure of our nearly 600 people.