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Midloch, Artisan Capital Trade Overland Park Apartments for $44M
Midloch Investment Partners and Artisan Capital Group (ACG) have sold Villa Medici Apartments and Townhomes in Overland Park, KS for $43.6 million. Midloch and ACG acquired the property in the Kansas City metro area in August 2020 after initially contracting to buy it in February 2020 as COVID-19 was taking hold. The purchase price was $25 million.
“Villa Medici is a special property that we were able to identify and acquire in uncertain times,” said Andy Sinclair, Midloch CEO and principal. “The investment not only proved successful but outperformed our expectations. We look forward to acquiring other assets with value-add potential in the Kansas City market and in other areas throughout the Midwest.”
Villa Medici was developed by J.C. Nichols Company, the developer of Kansas City’s famed Country Club Plaza. Jeff Stingley and Max Helgeson of CBRE represented Midloch and ACG in the sale.
- ◦Sale/Acquisition


