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JVM Makes 10th KC-Area Multifamily Acquisition

JVM Realty Corp. has acquired Summit Ridge Apartments in the Kansas City suburb of Lee’s Summit, MO. Seller and purchase price were not disclosed. JVM Management will manage the property.

“This property is truly a perfect fit for us,” said JVM president Jay Madary. “It has the kinds of units and amenities that will appeal to today’s Class A renter in metro Kansas City, and it’s located in a thriving submarket.”

The new ownership plans full-unit upgrades and other renovations to the 432-unit apartment community. These include adding a package delivery facility with 24/7 access to residents, expanding the property’s 24-hour fitness center, and improving resident gathering spaces.

Summit Ridge represents Oak Brook, IL-based JVM’s 10th acquisition in metro Kansas City.

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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 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. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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