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JVM Adds to KC-Area Apartment Holdings with The Landing at Briarcliff
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JVM Realty Corp. has added to its Kansas City-area portfolio with the acquisition of The Landing at Briarcliff, a 340-unit luxury apartment community in the Briarcliff master-planned development in Kansas City, MO. The seller and financial terms were not disclosed; ARA Newmark’s website lists the property under contract for $65 million.
Jay Madary, president and CEO of JVM, cited the property’s location in a “thriving submarket,” adding that” the area demographics show there is a significant opportunity for future rent growth. Furthermore, because JVM owns eight other luxury apartment communities in the Kansas City area, we have achieved real economies of scale in our property management in this market.”
Built in 2015, The Landing is near numerous retail centers, as well as Kansas City’s popular Power & Light District and the city’s CBD. JVM Management will manage the property.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition

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