Jeff Lamott, managing director, and Gabe Tovar, senior vice president, of Northmarq’s Kansas City investment sales team collaborated to arrange the $46.65 million sale of a portfolio of a two-property multifamily portfolio in Lawrence, Kansas.
The portfolio features 404 units. Northmarq represented the seller, a partnership between CAPREIT & Dome Equities. David Link with the Denver Northmarq debt & equity team arranged new agency acquisition financing for the buyer, Griffis/Blessing, Inc.
Aberdeen is a class-B+ community built in two phases on non-contiguous parcels known as Aberdeen North and Aberdeen South. All units feature fully equipped kitchens and washer/dryers, while many units enjoy private patios or balconies and vaulted ceilings. Community amenities include a new 24/7 Amazon Hub for package deliveries, 24-hour access to a cardio and strength fitness center, a dog park, and an outdoor resident lounge with a barbeque grilling area and fire pit.
Alvadora is a class-A community proximate to the rapidly growing West Lawrence retail corridor, the Lawrence Indoor Aquatic Center and the Sports Pavilion. Unit amenities include fully equipped kitchens with glass-top ranges and designer cabinetry, washer/dryers, 9-foot ceilings and in-home, resident storage. Detached garages are available for rent. The clubhouse features a 24/7 business center and cardio fitness center, while outdoor amenities include a resident lounge area, barbecue grills and a fire pit.
