{"id":1004057567,"date":"2013-01-11T13:21:17","date_gmt":"2013-01-11T21:21:17","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=94102"},"modified":"2022-12-05T23:28:51","modified_gmt":"2022-12-06T07:28:51","slug":"irongate-pays-98m-for-kansas-city-multifamily-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/","title":{"rendered":"Irongate Pays $98M for Kansas City Multifamily Portfolio"},"content":{"rendered":"<p><em>By Georgiana Mihaila, Associate Editor<\/em><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/villas-at-Carrington-square.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-94103\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/01\/villas-at-Carrington-square.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a><\/p>\n<p>Pursuing its goal of increasing holdings throughout the country, Irongate Realty Partners LLC has recently acquired three multifamily properties in Kansas City for $98.65 million.<\/p>\n<p>The Class A multifamily portfolio consists of three apartment communities composed of 846 residential units and more than 950,000 square feet.<\/p>\n<p>Villas at Carrington Square, Carrington Place and Carrington Park are all luxury communities with a wide array of custom features, including gourmet kitchens with built-in microwaves and black appliances, attached garages with individual driveways and private entries, and walk-in closets.<\/p>\n<p>\u201cWe purchased all three of these luxury properties from a local builder,\u201d said Robert Mascaro, vice president of acquisitions for the Irongate platform.\u00a0 \u201cThe deal closed in a single transaction. This is our third acquisition under this brand in the past 14 months for a total of eight properties and 2,115 units, in excess of $230 million in transactions.\u201d<\/p>\n<p>The company, currently looking to increase its portfolio by targeting both A and B+ properties throughout the country, intends to improve upon the operations of the portfolio by establishing a regional presence in Kansas City. According to an official company release, Irongate will focus on maximizing the economics of the properties and will continue to seek additional investment opportunities in the Kansas City market during 2013.<\/p>\n<p>Irongate will also be seeking properties in other markets, including South Florida, Eastern Tennessee, Charlotte, North Carolina, and the coast of South Carolina.<\/p>\n<h6>Image: Villas at Carrington Square via ForRent.com<\/h6>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pursuing its goal of increasing holdings throughout the country, Irongate Realty Partners, LLC has recently acquired three multifamily properties in Kansas City for $98.65 million. The Class A multifamily portfolio consists of 846 residential units and over 950,000 square feet, in three apartment communities.<\/p>\n","protected":false},"author":39,"featured_media":1004506737,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1592,21742],"tags":[],"class_list":["post-1004057567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kansas-city","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Irongate Pays $98M for Kansas City Multifamily Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Irongate Pays $98M for Kansas City Multifamily Portfolio\" \/>\n<meta property=\"og:description\" content=\"Pursuing its goal of increasing holdings throughout the country, Irongate Realty Partners, LLC has recently acquired three multifamily properties in Kansas City for $98.65 million. The Class A multifamily portfolio consists of 846 residential units and over 950,000 square feet, in three apartment communities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-11T21:21:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T07:28:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/villas-at-Carrington-square.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amalia Otet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/\",\"name\":\"Irongate Pays $98M for Kansas City Multifamily Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/villas-at-Carrington-square.jpg\",\"datePublished\":\"2013-01-11T21:21:17+00:00\",\"dateModified\":\"2022-12-06T07:28:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9f6a1043b1429cf8ff129c75614caa73\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/villas-at-Carrington-square.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/villas-at-Carrington-square.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/irongate-pays-98m-for-kansas-city-multifamily-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Irongate Pays $98M for Kansas City Multifamily Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/9f6a1043b1429cf8ff129c75614caa73\",\"name\":\"Amalia Otet\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6b04062ec19b075e11c42269b5c31dfb32bdf83e40d929924449e4c1828aaa3c?s=96&d=mm&r=g\",\"caption\":\"Amalia Otet\"},\"description\":\"Amalia Otet leads publishing and content for Yardi products, where she turns real estate data and market trends into stories that inform and inspire. 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