{"id":1004365490,"date":"2019-11-04T04:07:19","date_gmt":"2019-11-04T12:07:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004365490"},"modified":"2019-11-04T04:07:19","modified_gmt":"2019-11-04T12:07:19","slug":"berkadia-facilitates-28m-missouri-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/berkadia-facilitates-28m-missouri-sale\/","title":{"rendered":"Berkadia Facilitates $28M Missouri Sale"},"content":{"rendered":"<div id=\"attachment_1004365493\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/The-Kings.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004365493\" data-attachment-id=\"1004365493\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/berkadia-facilitates-28m-missouri-sale\/the-kings\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/The-Kings.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"The Kings\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/The-Kings.jpg?w=800\" class=\"wp-image-1004365493 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/The-Kings.jpg\" alt=\"The Kings\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/The-Kings.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/The-Kings.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/The-Kings.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004365493\" class=\"wp-caption-text\">The Kings<\/p><\/div>\n<p>Berkadia has arranged the sale of The Kings, a 408-unit, garden-style community in Kansas City, Mo. Stoneweg purchased the property from Sundance Bay and Drake Real Estate Partners, for $27.7 million, according to Yardi Matrix data. Bellwether Enterprise Real Estate Capital originated a $20.8 million, 10-year Fannie Mae loan to finance the acquisition.&nbsp;<\/p>\n<p>Berkadia\u2019s Senior Managing Director Alex Blagojevich, Senior Director Michael Sullivan and Director Brett Meinzer worked on behalf of the seller in the deal. Recently, another Berkadia team facilitated the <a href=\"https:\/\/www.multihousingnews.com\/post\/south-florida-community-sells-for-47m\/\">$47 million sale of a 291-unit community<\/a> outside Fort Lauderdale, Fla.<\/p>\n<p>The Kings is a 15-building property that occupies more than 20 acres at 11330 Colorado Ave., 14 miles south of downtown Kansas City. The property is alongside Interstate 49, within 2 miles of a cluster of eateries and shopping options on Blue Ridge Boulevard.<\/p>\n<p>Constructed in two phases in 1975 and 1987, the structures encompass a mix of studio, one-, two- and three-bedroom units, averaging 824 square feet. Property amenities include a fitness center, a clubhouse, a playground, two swimming pools, a spa and laundry facilities. The Kings was renovated in 2016 and the buyer plans to further upgrade the unit finishes and community amenities.<\/p>\n<p><em>If you\u2019d like to be featured in Brokers\u2019 Corner, send your deal to&nbsp;<a href=\"mailto:deals@cpe-mhn.com\"><strong>deals@cpe-mhn.com<\/strong><\/a>.<\/em>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Alex Blagojevich, Michael Sullivan and Brett Meinzer represented the seller, a joint venture of Sundance Bay and Drake Real Estate Partners. <\/p>\n","protected":false},"author":871,"featured_media":1004365493,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1592,21742],"tags":[47687,44678,32894,44486,47690,39169],"class_list":["post-1004365490","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kansas-city","category-latest","tag-alex-blagojevich","tag-bellwether-enterprise-real-estate-capital","tag-berkadia","tag-drake-real-estate-partners","tag-michael-sullivan","tag-sundance-bay"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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