Northmarq’s Investment Sales team arranges sale of Union Mill apartments in Wichita, Kansas
WICHITA, Kan. — Northmarq's Investment Sales team of Benjamin Davis, Jeff Lamott, and Casey Wilhm, arranged the sale of Union Mill, a 301-unit luxury garden-style apartment community located at 2023 N. Broadmoor Ave. in Wichita, Kansas.
Northmarq represented the seller, TLC Properties. The buyer was UM Apts LLC.
“Northmarq’s national reach and local market knowledge helped create a competitive process that ultimately delivered a record-setting outcome for our client,” said Davis. “As the largest apartment sale in Wichita history, Union Mill is also a significant milestone for the market and further validates Wichita’s emergence as an institutional multifamily investment destination.”
Built in 2023/2024, Union Mill sits on 11.91 acres and comprises 11 buildings offering studio, one, two- and three-bedroom floorplans. The property is currently 91% occupied and features contemporary interior finishes including luxury vinyl plank flooring, granite countertops, stainless steel appliances, smart apartment technology, keyless entry, smart thermostats and in-unit washer/dryer connections. Furnished units are also available.
Community amenities include a heated saltwater pool, saltwater hot tub, pickleball court, mini putting course, golf simulator, fitness center, dog park, EV charging stations, covered parking, a bodega convenience store and secured access entry.
Union Mill is located in the heart of northeast Wichita, a submarket anchored by major employers across several industries. Residents have direct access to retail and dining destinations such as Bradley Fair, Whole Foods, Trader Joe's and Towne East Mall. It sits in close proximity to Interstate 135 and K-96, and it is roughly six miles northeast of downtown Wichita.
Meet our team
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 $80 billion and has completed $91.3 billion in transactions over the past four years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.
