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Chicago & Midwest  + Midwest  + Apartments  | 

Downtown KC Apartments Trade to Abacus Capital

CBRE arranged the sale of Fountain View on the Plaza, a 398-unit luxury apartment community in Kansas City that was built in 1998. A global investment advisor sold the property to an affiliate of Abacus Capital Group for an undisclosed sum.

The acquisition of Fountain View, located next to downtown Kansas City’s Country Club Plaza, represents a return to the Kansas City market for the New York-based buyer after four years. EVP Jeff Stingley of CBRE’s Kansas City office, along with senior associates Max Helgeson and Michael Spero, represented the seller.

“Fountain View is the community of choice for Kansas City renters wanting to live at the doorstep of the metro’s top amenities and attractions, while at a discount to the submarket’s newer developments and single-family homes,” said Stingley. ‘The high-profile, in-fill site is among the best in the Midwest and will provide significant risk mitigation for future ownership.”

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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