Avanti Residential Acquires 341-Unit Multifamily In Kansas City For $94M

The multifamily property located at 1918 Locust St in Kansas City, MO has been sold in a recent transaction. The property, consisting of 341 units, was sold for a total price of $94,000,000, resulting in an average price per unit of $275,660. The sale was facilitated by brokers Jeff Stingley and Max Helgeson of CBRE.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $94,000,000
• Address: 1918 Locust St, Kansas City, MO
• Market: Kansas City, MO
• Buyer: Avanti Residential
• Seller: Milhaus
• Brokers: Jeff Stingley & Max Helgeson - CBRE

Avanti Residential acquired the property from Milhaus in this transaction. The deal was successfully negotiated by brokers Jeff Stingley and Max Helgeson from CBRE. The sale of the multifamily property marks a significant transaction in the Kansas City, MO market.