Kansas City Office

Cold Storage Lofts is a 226-unit value-add opportunity, originally built in 1922 and converted in 2007. Located in the thriving River Market area of Kansas City, Missouri, the apartment community was recently renovated.

This asset is located in the revitalized downtown Kansas City area, less than a quarter-of-a-mile from City Market approximately 500 feet from the KC Streetcar. The River Market area has been a major component of the ongoing renaissance in downtown Kansas City, with both new construction multi-family projects and historic renovations delivering over 1,000 during the past decade with more on the way. This area has established a track record of drawing residents and maintaining high occupancy rates.

RoseHill Place Apartments, located in Topeka, Kansas, is a 96-unit, Class B apartment community delivered in 2004, offering investors the opportunity to acquire a stabilized asset at a basis below today's replacement cost with multiple, durable drivers of long-term growth.

Topeka, Kansas is the state capital located in northeast Kansas along the I-70 corridor, approximately one hour west of Kansas City, serving as a regional hub for government, healthcare, and education, anchoring the city’s economy by providing stable, recession-resistant employment with recent labor data showing workforce participation and moderate unemployment levels. Economic growth has been modest but consistent, supported by affordability, infrastructure investment, and a limited supply of new multifamily and commercial development, which has strengthened fundamentals across real estate and business sectors.

Whispering Hills presents a compelling opportunity to acquire a 446-unit, institutional-quality multifamily community in the high-barrier Omaha MSA, offering immediate scale in a market where large acquisitions are increasingly difficult to replicate. Delivered in phases between 2004 and 2016, the asset is currently 97% occupied with a three-year average of 95.3%, demonstrating consistent demand and operational stability. Rent growth further reinforces performance, with effective rents increasing 13.0% since 2023 and continuing to trend upward, supported by Omaha’s resilient fundamentals, limited new supply, and strong absorption—particularly within the highly sought-after West Omaha submarket.

Strategically located near major employment corridors, retail amenities, and affluent residential neighborhoods, Whispering Hills benefits from durable renter demand and long-term income stability. In addition to its stabilized cash flow, the asset offers attractive value-add upside, with renovated units already achieving premiums of approximately $118 as of June 9th rent roll comparing average in-place of fully renovated to unrenovated units, providing a clear path for continued revenue growth. Combined with its low-density site and positioning at a meaningful discount to replacement cost, the opportunity offers investors a rare combination of scale, stability, and embedded upside in an irreplaceable location.