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Independence Apartment Portfolio Sells to FTW
NothMarq managing director Jeff Lamott and associate VP Gabe Tovar arranged the sale of a 426-unit three-property multifamily portfolio on the behalf of Urban Southwest Capital to FTW Investments. The properties are located in the Kansas City submarket of Independence, MO.
Kyle Tucker and John Duvall of NorthMarq arranged financing for the Hudson Community through the company’s status as a Freddie Mac Optigo lender. The properties involved in the sale were the Hudson, a 253-unit property at 1401 S. Cunningham Ave; Meadowbrook, a 113-unit property at 2141 S. Swope Dr.; and Winner Place, a 60-unit property at 9528 Winner Rd.
“The Independence Portfolio went to market one week before the pandemic onset and generated significant national interest,” said Lamott. “Despite economic volatility across the country, investors are vying for opportunities in Kansas City as it remains one of a few Midwest markets posting continued rent growth and positive net migration.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition


