Overland Park, KS — December, 2025

MMG Real Estate Advisors has closed the sale of Residences at Prairiefire, a 426-unit multifamily community located at 5750 West 137th Street in Overland Park, Kansas. The transaction represents one of the largest multifamily sales in the Kansas City region in recent years and underscores continued institutional demand for high-quality assets in core Midwestern markets.

The property was sold by CRES Management, in partnership with Artemis Real Estate Partners, and acquired by Price Brothers Management Co., a Kansas City–based owner-operator with a long track record in the region. The transaction closed on January 8, 2026.

Residences at Prairiefire is a highly visible, institutional-scale asset located at a true main-and-main intersection within South Johnson County, widely regarded as one of the most established and supply-constrained submarkets in the Kansas City metro. The property has long been considered a benchmark asset in the area, benefiting from strong demographics, proximity to employment centers, and sustained renter demand.

Despite a transaction size exceeding $100 million, the offering generated substantial market interest, drawing more than 15 property tours and multiple competitive offers. The response reflected both the scarcity of large, core multifamily assets in the region and the depth of capital targeting stable, cash-flowing investments with durable fundamentals.

Price Brothers Management Co. plans to build on the property’s established operating performance, applying its local ownership and management expertise to guide the asset’s next phase while preserving the characteristics that have historically driven its success.

The transaction was brokered by TJ Wahl, Harry Trotter, Colson Bayles, Parker Guffey, Brett Meinzer, Michael Sullivan, and Alex Blagojevich of MMG Real Estate Advisors.

“The sale of Residences at Prairiefire attracted strong interest despite its over $100 million transaction size, which speaks to the depth of capital targeting Kansas City,” said Wahl. “This transaction reinforces the area’s position as one of the most durable and desirable multifamily markets in the country.”