Skip to content
Homepage
  • Market
    • Illinois
    • Illinois
    • Indiana
    • Iowa
    • Kansas
    • Kentucky
    • Michigan
    • Midwest
    • Minnesota
    • Missouri
    • N Dakota
    • National
    • Nebraska
    • Ohio
    • S Dakota
    • Tennessee
    • Texas
    • Wisconsin
  • Events
  • Sector
    • CRE
    • Education
    • Finance
    • Healthcare
    • Hospitality
    • Industrial
    • Legal
    • Multifamily
    • Net Lease
    • Office
    • Retail
    • section
    • Seniors Housing
    • Student Housing
  • Real Estate Awards
  • Subscribe
  • Publications
MissouriMultifamily

CBRE arranges sale of 56-unit apartment development in Kansas City

September 9, 2020
Share on Facebook Share on Twitter Share on LinkedIn Share via email

CBRE has arranged the sale of Chapel Hill Apartments, a 56-unit multifamily property in Kansas City, Missouri. Cupertino, California-based Zovest Capital purchased the asset from a private seller. This is the second Kansas City area property acquired by Zovest Capital. A sale price was not disclosed.

CBRE’s Kansas City multifamily team of Max Helgeson, Michael Spero and Jeff Stingley represented the seller in the transaction, while Ben Weddington of CBRE in Atlanta arranged financing for the buyer using a Freddie Mac Small Balance Loan.

Chapel Hill Apartments represents a value-add opportunity ideally located near surrounding employers between the South Johnson County office market and Cerner’s Innovations Campus, an unprecedented development project where Cerner is expected to bring more than 16,000 new jobs to the area. Property highlights include large floor plans averaging 1,067 square feet, an opportunity for systematic interior unit upgrades to drive rents and 96 percent occupancy at closing.

Tags
CBREKansas CityMissouri
" "

Subscribe

Subscribe to our email list to read all news first.

Subscribe
Related Articles
MichiganIndustrial

Friedman Real Estate closes 12,000-square-foot industrial sale in Harrison Township

June 8, 2023
IllinoisOffice

Simpson Technologies moving HQ to Naperville’s CityGate Centre

June 8, 2023
OhioRetail

Pair of tenants opens at Dayton’s Greene Town Center retail center

June 8, 2023
TexasCRE

Fort Worth-based Street Realty appoints Amber Calhoun as vice president

June 8, 2023

Subscribe

Subscribe to our email list to read all news first.

Subscribe
REJournals logo

Market

  • Illinois
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Michigan
  • Midwest
  • Minnesota
  • Missouri
  • N Dakota
  • National
  • Nebraska
  • Ohio
  • S Dakota
  • Tennessee
  • Texas
  • Wisconsin

Sector

  • CRE
  • Education
  • Finance
  • Healthcare
  • Hospitality
  • Industrial
  • Legal
  • Multifamily
  • Net Lease
  • Office
  • Retail
  • section
  • Seniors Housing
  • Student Housing

Subscribe

Subscribe to our email list to read all news first.

Subscribe
  • Contact Us
  • Events
  • Office Locations
  • Advertise
© 2023 REjournals.com