NorthMarq’s investment sales team in Kansas City, comprised of Jeff Lamott, manager, and Gabe Tovar, vice president, has completed the sale of Park 67, a network of 352 units in the highly sought-after submarket in the Kansas City suburbs of Shawnee, Kansas.
NorthMarq represented the seller, Worcester Investments, a giant investor founded in Kansas City with more than a decade of equity portfolio. The client Greystone Capital Holdings LLC. , an investment company founded in Charlotte, North Carolina. This acquisition is Greystone’s first access to the Kansas City Market.
Park 67 built in 1969 and recently achieved rental premiums shown on 30% of the sets through comprehensive internal improvements. The assets feature a resort-style pool, fitness center, children’s play area, on-site laundry facilities, and a business center. operated under the affordable housing program for many years and is one of the last large-scale communities in the submarket to gain advantages from a complete repositioning.
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