About
About Parkside Apartments
Class A Mixed-Use Asset in a Low Density Submarket with High Barriers to Entry
Parkside Apartments, a 221-unit, Class A apartment community, delivered in 2023, offers investors the opportunity to acquire a new construction stabilized asset at a basis below today's replacement cost with multiple, durable drivers of long-term growth
The property is operating at 95.93%+ occupancy, providing immediate cash flow while remaining well positioned to capture organic rent growth as the Northland submarket continues to benefit from sustained infrastructure investment, residential expansion, and limited new Class A supply. Located along the North Oak Trafficway corridor—an established growth artery north of downtown Kansas City—Parkside combines institutional-quality construction, modern unit finishes, and a comprehensive amenity package with a transferable PILOT tax abatement projected to generate over $8.7 million in remaining tax savings, materially enhancing long-term NOI growth and exit flexibility. With its combination of stabilized operations, tax efficiency, supply-constrained location, and increasing replacement cost pressure, Parkside Apartments represents a compelling investment positioned for both income durability and long-term value appreciation.
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