29th Street Capital has acquired Lakewood Terrace, a 152-unit garden-style apartment community located in Belton, Missouri, approximately 20 miles south of downtown Kansas City.

Built in 2002, the garden style community offers one-, two-, and three-bedroom floor plans averaging more than 1,025 square feet. The property serves residents in the growing Cass County submarket and features a clubhouse, swimming pool, fitness center, detached garages, and two playgrounds.

29th Street Capital plans to execute a comprehensive value-add business plan at the property. Approximately 50% of units were previously renovated by the seller, and 29SC intends to complete renovations across the remaining classic units.

The acquisition was completed in continued partnership with Raith Capital Partners. Lakewood Terrace marks 29SC’s fourth acquisition in the Kansas City market. Lakewood Terrace will be operated by 29th Street Living, 29SC’s in-house property management platform.

Join us on Tuesday afternoon, June 2, 2026, at the Connect Midwest Multifamily Trends Conference as JDL Founder, Jim Leitchinger, is honored with the Changing Skyline Award followed by an exclusive Keynote Interview. This is a rare opportunity to hear firsthand insights from one of the region’s most influential visionaries in multifamily development.