Missouri

Whisper-Hollow-Maryland-Heights
Investment SalesMidwestMissouriNews

Colorado Investor Buys Whisper Hollow in Metro St. Louis

by Lynn Peisner

MARYLAND HEIGHTS, MO. — Chicago-based Banner Real Estate Group has sold Whisper Hollow Apartments in Maryland Heights to Franktown, Colorado-based Monarch Investment and Management Group for an undisclosed sum. Northmarq’s St. Louis Investment Sales team, led by Dominic Martinez, Parker Stewart, Alex Malzone and Charlie McKee, arranged the sale. The 315-unit community at 12430 Whisper Hollow Drive is about 20 miles northwest of St. Louis. Developed in 1976 and renovated in 2018, the community features a pool, fitness center, dry sauna, business center with a coffee bar, clubhouse, game room …

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The-Alexandria-Kansas-City
Affordable HousingDevelopmentFinanceMidwestMissouriNews

Joint Venture Team Secures $17.1M in Financing for Kansas City Affordable Housing Rehab

by Lynn Peisner

KANSAS CITY, MO. — Hunt Capital Partners, in partnership with Riverstone Platform Partners and Kansas City Metropolitan Lutheran Ministry (MLM), have secured $17.1 million in financing for the rehabilitation of The Alexandria, an affordable housing property at 1328 E. Armour Blvd. in Kansas City, Missouri. Riverstone Platform Partners will serve as lead developer, and MLM will serve as co-developer. The project encompasses 55 new units in two four-story buildings originally constructed separately in 1923 and later connected with a shared elevator and lobby system serving all four levels. The community …

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Bee-Creek-Branson
Investment SalesMidwestMissouriNews

LLC Buys Bee Creek in Branson, Missouri, for $26.3M

by Lynn Peisner

BRANSON, MO. — On July 28, an entity doing business as 200 Bee Creek LLC acquired Bee Creek Apartments in Branson for $26.3 million. The property, located at 200 Buzz St., features one- and two-bedroom units with in-unit washers and dryers and private patios or balconies. Amenities include a pool, barbecue and picnic areas, basketball court, fitness center, a clubhouse and a movie theater.

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Linwood-and-Troost-Kansas-City
Affordable HousingDevelopmentMidwestMissouriNews

Milhaus to Develop 194-Unit LIHTC Project in Kansas City

by Lynn Peisner

KANSAS CITY, MO. — Milhaus will develop Linwood & Troost, a 194-unit affordable housing community in Kansas City. Construction is slated to begin at the end of 2026, with completion anticipated by 2028. The Missouri Housing Development Commission (MHDC) awarded 4 percent federal Low-Income Housing Tax Credits for the project. In addition to the tax credits, funding sources include a tax abatement from Kansas City’s Planned Industrial Expansion Authority and $1.5 million awarded from the Kansas City Housing Trust Fund. The total project cost was not disclosed. Indianapolis-based Milhaus will …

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Residences-at-Prairiefire-Overland-Park
FinanceInvestment SalesKansasMidwestMissouriNews

Northmarq Arranges $65.7 Million Loan for Acquisition of Residences at Prairiefire in Overland Park, Kansas

by Lynn Peisner

OVERLAND PARK, KAN. — Northmarq has arranged a $65.7 million Freddie Mac acquisition loan for sponsor Price Brothers. The locally based owner/operator has acquired Residences at Prairiefire, a 426-unit community that was built in 2014. Neither a total purchase price nor a seller’s name was disclosed. Units are offered as one-, two- and three-bedroom floor plans. Amenities include a cyber café, business center, a pool and poolside lounge with a TV, outdoor kitchen space, a car-care center and package management services. The community is located in the Prairiefire mixed-used district …

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Wildwood-Missouri
DevelopmentMidwestMissouriNews

Mia Rose Holdings and Its Partners Break Ground on $57.5 Million Mixed-Use Project in St. Louis Metro

by Lynn Peisner

WILDWOOD, MO. — Locally based Mia Rose Holdings, along with Ed Kohn and Greenberg Development Co., has begun construction of Wildwood Luxury Living, a 188-unit community in Wildwood, 30 miles west of St. Louis. The developers are planning to deliver 188 luxury apartments with approximately 7,000 square feet of ground-floor commercial and restaurant space. First move-ins are predicted to occur in summer 2027. The project, which includes 7,000 square feet of commercial and retail space, is designed to complement the existing Wildwood Town Center, a mixed-use district. Wildwood Luxury Living …

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Excelsior-Gardens-Ozark
Investment SalesMidwestMissouriNews

Gorrell Hughes Capital Acquires Two Properties in Metro Springfield, Missouri

by Lynn Peisner

SPRINGFIELD, MO. — Gorrell Hughes Capital has acquired two properties in the Springfield metro area. The properties are Sunset Woodland Apartments, a 177-unit community at 2752 South Meadowbrook Ave. in Springfield, and Excelsior Gardens Apartments, a 104-unit property at 1582 South 14th Ave. in neighboring Ozark, Missouri. The Tulsa, Oklahoma-based investment firm targets value-add acquisitions in middle-income markets.

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CanopyFlats-Overland-Park
DevelopmentKansasMidwestMissouri

Thompson Thrift Breaks Ground on Canopy Flats in Overland Park

by Lynn Peisner

OVERLAND PARK, KAN. — Thompson Thrift has begun construction of Canopy Flats, a 303-unit property in Overland Park, located in the Kansas City metro area. Completion is slated for 2027. Canopy Flats is situated on a 13-acre site. Units will be comprised of one-, two- and three-bedroom floor plans. Amenities feature a fitness center with a sauna and cold plunge, a golf simulator, billiards, shuffleboard, a putting green, a heated pool, an outdoor movie wall, grilling stations, a dog park and spa and a conference room with screenshare and video …

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Legends-KC
DevelopmentFeaturesInvestment SalesKansasMarket ReportsMidwestMissouri

Why the Kansas City Market Belongs on Investors’ Short List

by Lynn Peisner

By David NelsonHamilton Zanze There’s a real argument to be made that Kansas City is one of the country’s most overlooked cities as well as one of its most underappreciated multifamily investment markets. The metro’s residents and visitors can provide ample testimony to the city’s jazz culture, museums, sports scene, affordability and world-class barbecue. But beyond lifestyle, Kansas City has the qualities that matter most to multifamily investors: steady population growth, a balanced economy, measured supply and consistent apartment demand. For investors looking for durable performance across market cycles, metro …

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Pure-St-Peters
BerkadiaFinanceMidwestMissouriNews

Berkadia Arranges $15.4 Million ReFi for Metro St. Louis Community

by Lynn Peisner

ST. PETERS, MO. — Berkadia has arranged a $15.4 million Freddie Mac refinancing loan for Pure St. Peters, a 143-unit community in the northwest St. Louis suburb of St. Peters. Charles Foschini, Christopher Apone and Shannon Wilson of Berkadia Miami secured the financing on behalf of the sponsor, Tilden Legacy Pure St. Peters Apartments LLC. The property was 94 percent occupied at the time of the loan closing. Located at 2100 Pure St., the three-story community was built in 2019 and offers one- and two-bedroom apartments with open-concept layouts. Amenities at …

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