KC Apartments LLC is an investment in an existing apartment community, consisting of 550 units in suburban Kansas City, Missouri, called The Mansion Apartments. The opportunity exists to reposition the asset through value-add capital improvements, best-in-class local property management and active asset management.

The 550-unit Mansion Apartments community was built in 1989, with a mix of one, two and three-bedroom floorplans. With units ranging in size from 638 square feet to 1,157 square feet. To compliment the property’s beautiful suburban setting and mature landscaping, our new management team will embark on a capital improvement plan to unlock tremendous value, enhance the resident’s experience, and renew pride in the community from residents. Plans are to improve the exterior of the property and common areas, including enhancements to the resident clubhouse, two swimming pools, fitness and business centers, theater, tennis and racquetball court, and dog parks, grill areas, and fire pits. The unit interior renovations include updates to the flooring, cabinetry, appliances, lighting, countertops, and plumbing fixtures, in addition to paint, hardware and technology.

The Mansion Apartments is located on 32 acres of manicured grounds, 12 miles east of downtown Kansas City, in the town of lndependence. With a population of over 120,000, it is the largest suburb outside of Kansas City, and offers good schools, strong area employment options and numerous dining and entertainment establishments, as well as close access to Highway 291. Tenants enjoy the convenience of three shopping centers within a three-mile radius, a public golf course across the street and several grocery store options including Target and Costco nearby.

This property was purchased in September 2023