Finance X Missouri

Berkadia sells 622-unit apartment community in Kansas City

Berkadia recently closed the sale of Township Apartment Homes, a 622-unit multifamily community in Kansas City, Missouri.

Michael Sullivan and Brett Meinzer of Berkadia’s Kansas City investment sales team, along with Alex Blagojevich of Berkadia’s Chicago office, represented the seller, San Francisco-based FPA Multifamily.

The buyer, Landmark Realty, assumed four existing Berkadia-originated Freddie Mac loans.

Township Apartment Homes was built in five phases, 1969, 1982, 1990, 1995 and 2003. The development offers studio, one-bedroom and two-bedroom apartments.