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Denver-Based Avanti Acquires Downtown Kansas City Apartments
Denver-based Avanti Residential has acquired Artistry Apartments, a 341-unit Class-A apartment community in Kansas City, MO, from developer Milhaus for $94 million. The purchase marks Avanti’s seventh investment in the Kansas City metro area.
Built in 2021, Artistry was awarded the 2021 Capstone Award, Kansas City’s preeminent honor for commercial real estate development. The project features a mix of micro, studio, one- and two-bedroom apartments, along with 11,675 square feet of retail.
“We are pleased to have uncovered this investment opportunity in Kansas City, a market we have come to know quite well over the past several years,” said Avanti president Christian Garner.
Avanti and Milhaus were both represented by CBRE’s Jeff Stingley and Max Helgeson. In addition, CBRE Capital Markets in Denver and Kansas City arranged acquisition financing for Avanti.
Stingley called the downtown Kansas City acquisition “yet another strong endorsement for the submarket from national multifamily capital.”
- ◦Sale/Acquisition


