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KC-Area Apartments Trade for Combined $105M
CBRE recently arranged the sales of two multifamily communities in suburban Kansas City, totaling 468 units and $105 million. The sales included Prairie Pines Townhomes in Shawnee, KS and Kenilworth Apartments in Prairie Village, KS. Individual sale prices and terms were not disclosed.
CBRE’s Jeff Stingley, Max Helgeson and Michael Spero represented the seller in each transaction. “Kansas City continues to be a highly-attractive location for national multifamily capital,” said Stingley. “Nearly all submarkets across the metro are seeing economic development propel employment and population growth.”
Prairie Pines is a 220-unit luxury townhome community completed in 2019 by Hickok-Dible Company. It was sold to Kansas City-based Nolan Real Estate Services, a vertically integrated real estate company.
Kenilworth is a 246-unit community originally constructed in 1964 by JC Nichols Co. The property was sold to Denver-based Avanti Residential, which owns and operates 30 properties across Colorado, Arizona, Utah and Kansas.
Pictured: Prairie Pines.


