Avanti Residential Acquires Multifamily Property In Lee's Summit, MO For $80M

A multifamily property located at 789 Northwest Donovan Road in Lee's Summit, MO has been sold. The property consists of 308 units, with a per unit price of $259,740. The transaction took place on May 25, 2023, and the sale price was $80,000,000.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $80,000,000
• Address: 789 Northwest Donovan Road
• Market: Lee's Summit, MO

The buyer of the property was Avanti Residential, while the seller was NorthPoint Development. The broker representing the transaction was Newmark.