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Chicago & Midwest  + Midwest  + Apartments  |  July 1, 2024
Jasmine Kilman
By: Jasmine Kilman

JLL Arranges Investment for MF Development in KC’s Waldo Neighborhood

JLL has arranged a $12.7 million equity investment for the construction of Waldo District, an approximate 283-unit, Class A multifamily community in the Waldo neighborhood of Kansas City, Missouri.

The JLL team, led by Managing Director Mark Erland and Director Kevin Barron, worked on behalf of the borrower, EPC Real Estate Group, to secure the equity investment with a national fund manager. “EPC Real Estate Group is delivering much-needed Class A multifamily product to a growing neighborhood that currently has zero Class A projects planned or delivered, and the existing stock has an average vintage of 1973,” added Barron.

Designed by architect BRR, Waldo District will consist of a six-story building housing approximately 284 residential units and 12,494 square feet of retail space with structured parking. The property is located in the heart of the Waldo neighborhood, just 6.8 miles south of Downtown 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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