- Rare Large-Scale Asset with Operational Distress
- Operations-Focused Value Add Play
- $1.2MM+ in Vacancy, Loss to Lease & Rental Upside Potential
- $1.75MM+ in Recent Capex Enables Focus on Revenue-Generating Upside
- Prime Location with Direct Access to Neighborhood Amenities
- Excellent Highway Access & Interstate Connectivity
Rare Large-Scale Asset with Operational Distress
The Life at Highland Village Apartments offers a rare opportunity to acquire a large-scale multifamily asset in the Kansas City market. The current vacancy and high expense load present a unique opportunity for an experienced operator to step in, stabilize the asset, and realize substantial upside. This property’s scale allows for operational efficiencies and significant potential for rent growth.
$1.2MM+ in Vacancy, Loss to Lease & Rental Upside Potential
The property currently has substantial vacancy and loss to lease as well as proven rents representing a clear path to $1.2MM in revenue upside by moving rents, loss to lease, and vacancy to market levels. Through effective rent increases and minimizing vacancy loss, new ownership can capture this significant revenue growth while capitalizing on the demand for quality rental housing in the Kansas City metro.
$1.75MM+ in Recent Capex Enables Focus on Revenue-Generating Upside
Current ownership has completed significant Capex projects totaling over $1.75MM with a focus on both non-revenue generating capex and interior renovations including the following:
- 108/200 Unit Interiors
- Stairs & Landings
- Parking Lot Repairs & Restripe
- Property Signage
- Sidewalk Repairs
- Security System
- Office & Clubhouse/Fitness Center Improvements
- Low-Flo Retrofits
- Retaining Wall Improvements
- Playground and Dog Park Improvements
