Updated Sep 17, 2025
Bernard Alexander Pierson Of EHP Capital & Aspen Funds Acquires Hunters Glen Apartments For $27M
6201 Northwest 70th Street
$27,000,000
Units
253
Asset Type
MultiFamily
Closing
Sep 15, 2025
About this deal
AI
The property asset involved in the transaction is Hunters Glen Apartments, a multifamily community situated at 6201 Northwest 70th Street in Kansas City, MO. The asset consists of 253 units with a price per unit of $106,719, culminating in a total sale price of $27,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $27,000,000
- Units: 253
- Buyer: Bernard Alexander Pierson
- Buyer's Companies: EHP Capital & Aspen Funds
- Market: Kansas City, MO
The deal was conducted with a plan for full renovation to modernize units and amenities, indicating a value-add housing strategy by the acquiring partners, EHP Capital and Aspen Funds.
Players
Kansas City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93