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Bernard Alexander Pierson Of EHP Capital & Aspen Funds Acquires Hunters Glen Apartments For $27M

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SOLD
$27,000,000

Missouri

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MultiFamily
Sold 09/15/2025
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Property Image
SOLD

Bernard Alexander Pierson Of EHP Capital & Aspen Funds Acquires Hunters Glen Apartments For $27M

6201 Northwest 70th Street

See Similar Deals
MultiFamily
Sold 09/15/2025
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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.

Players

Bernard Alexander Pierson
1 deal$27M volume
BUYER

EHP Capital
BUYER

Details

SOLD
IMAGE: 09/15/2025 ADDRESS: 6201 Northwest 70th Street MARKET: Kansas City, MO ASSET TYPE: Multifamily BUYER: Bernard Alexander Pierson - EHP Capital & Aspen Funds SALE PRICE: $27,000,000 UNITS: 253 ~ PPU: $106,719 NOTE: EHP Capital and Aspen Funds closed a $27 million deal to acquire Hunters Glen Apartments, a 253-unit multifamily community in Kansas City’s Platte County. The partners plan a full renovation to modernize units and amenities as part of their value-add housing strategy.

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Deal Type
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