CBRE recently closed a pair of Kansas multifamily sales. The 220-unit Lofts at College Hill in Topeka and the 110-unit Campus East Apartments in Manhattan were acquired by a private equity group led by Oklahoma City real estate investor Lew McGinnis.
Jeff Lamott from CBRE’s Multifamily Investment Property team in Kansas City was the lead broker for the sellers, Newsome Development & First Management in the transaction, working with Jaclyn Fitts from CBRE’s Student Housing Division.
Constructed between 2009 – 2014, the Lofts at College Hill is Topeka’s premier luxury multifamily and retail development with walkability to Washburn University. Best-in-class amenities include a state-of-the-art clubhouse featuring a fitness facility, a resort- style swimming pool and hot tub, media room with theater, billiard and game room, and a multi-use business room.
The Campus East Apartments in Manhattan are located one-block from Kansas State University in a highly desirable area known as the “shadow market” and is one of the most sought-after locations due to the proximity to the main campus. Amenities include a swimming pool, on-site laundry, and additional on-site storage areas.