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Bernard Alexander Pierson Of EHP Capital & Aspen Funds Acquires Hunters Glen Apartments For $27M
SOLD
$27,000,000
Missouri
See Similar DealsMultiFamily
Sold 09/15/2025
SOLD
Bernard Alexander Pierson Of EHP Capital & Aspen Funds Acquires Hunters Glen Apartments For $27M
6201 Northwest 70th Street
See Similar DealsMultiFamily
Sold 09/15/2025
Summary
MISSOURI
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,440,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,925.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,993.77
Annual Debt Service$1,535,925.30
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