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Chicago & Midwest  + Midwest  + Apartments  |  August 27, 2024
Jasmine Kilman
By: Jasmine Kilman

Berkadia Negotiates 280-Unit MF Sale in Kansas

Berkadia closed the sale of Silverwood Apartments, a 280-unit, garden-style multifamily property in Mission, Kansas. Senior Director Michael Spero and Associate Director Niko Vrentas of Berkadia Kansas City led the transaction on behalf of the seller, California-based Canyon View Capital.

Silverwood Apartments was sold to Utah-based Parkwest Real Estate Partners in a joint venture with Wisconsin-based MLG Capital. The buyer assumed the existing Freddie Mac loan for this purchase, which marks Parkwest’s first purchase in the Kansas City market. Located at 5100 Fox Ridge Drive, the property affords convenient access to major metro employers, plus popular area shopping, dining, and entertainment destinations.

“The Parkwest/MLG purchase of Silverwood speaks to the strong demand for national capital to be placed in Midwest markets, in particular the Kansas City metro,” said Spero. “This being Parkwest’s first purchase in Kansas City also further highlights the continued flow of new capital into Kansas City.”

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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