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CBRE’s Stingley Closes Two KC Apartment Deals Totaling $104M

CBRE arranged the sale of two Class A multifamily properties in suburban Kansas City totaling $104 million. The 292-unit Copper Ridge Apartments and 306-unit Brighton Creek Apartments sold in separate transactions to buyers that were each making their initial entry into the Kansas City market.

Jeff Stingley, an EVP in CBRE’s Kansas City office, represented the sellers in both sales, together with associates Max Helgeson and Michael Spero. Although individual sale terms were not disclosed, the buyers are described as national private equity.

“Kansas City is one of the nation’s fastest-growing tech markets and our white-collar job growth is among the best in the nation,” said Stingley. “Downtown Kansas City’s $10- billion renaissance is helping to lure more corporate relocations to the metro, and the new $2-billion airport will only help to assist the flow of capital into the market in coming years.”

Pictured: Brighton Creek Apartments.

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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 13-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 15-20 daily news stories per day and also 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 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.

  • ◦Sale/Acquisition
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