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Chicago & Midwest  + Midwest  + Apartments  | 

Timberland Partners Acquires KC Apartments from Thompson Thrift

Thompson Thrift has sold The Element, a 276-unit multifamily community located in Kansas City, MO. Minneapolis-based Timberland Partners purchased the community for an undisclosed sum. 

“Population growth and affordable living costs relative to other Midwestern metros has made Kansas City a popular multifamily market in recent years,” said Josh Purvis, managing partner for Thompson Thrift Residential. “We built The Element to help meet market demands for residents seeking high-end, luxury living options, and are pleased to have another development success story under our belts.” 

The Element, located at 8101 NW Barrybrooke Dr. in Kansas City, features three-story, garden-style apartment homes with one-, two-, and three-bedroom layouts averaging 958 square feet. Completed in November 2021, the 95% leased community offers luxury interior amenities. 

SVP Gabe Tovar with Northmarq brokered the sale. 

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Inside The Story

Thompson ThriftNorthmarq's Tovar

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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 GlobeSt.com 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).

  • ◦Sale/Acquisition
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