Believer | Kansas City
Kansas City, MO
Joined January 2012
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Man…just an unbelievable coach, and an even better person. Many principles taught that go beyond football - grateful to have spent time under Coach Kli.
Harry Trotter retweeted
SALE
IMAGE: Riley Wilson & Harry Trotter
DATE: 11/14/2025
ADDRESS: 1000 Berkley Parkway
MARKET: Kansas City, MO
ASSET TYPE: Multifamily
BUYER: Riley Wilson - Griffin Capital
SELLER: Buckingham Companies
BROKER: Harry Trotter - MMG Real Estate Advisors
SALE PRICE: $113,500,000
UNITS: 407 ~ PPU: $278,869
SF: 380,563 ~ PPSF: $298
#Chicago #RealEstate #TradedChicago #TradedPartner #KansasCity #Multifamily #HarryTrotter #MMGRealEstateAdvisors #BuckinghamCompanies #GriffinCapital #RileyWilson
Very grateful to have been named the #1 team on KC's Commercial Real Estate Heavy Hitter list. Looking forward to another great year!
These brokers are KC's Heavy Hitters in commercial real estate. Read on to get all their stats. bizjournals.com/kansascity/n…
Two new deals out to market this week in KC - excited to see the response!
- 125+ units in Johnson County
- 220+ units on The Plaza
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This is great data! Fully agree with the notion that KC, Columbus, and Indy are approaching borderline “institutional” markets.
Midwest multifamily is having its moment. Nearly every Midwest market is outperforming the U.S. averages for apartment occupancy and rent growth.
And (for maybe the first time ever) 8 of the top 12 markets for rent growth are located in the Midwest.
Why? Very little supply.
Total apartment construction amounts to just 2.8% inventory expansion in the Midwest, the lowest of all regions. The national average is 5.0%, the highest since the 1980s.
As a result, Midwest rent growth is 280 bps above the U.S. average.
It's all about supply. Rents are still growing where supply isn't going.
Markets like Columbus, Indianapolis and Kansas City are gaining in appeal among national investors, and are approaching borderline "institutional" markets. And smaller markets like Grand Rapids, Madison, Des Moines and Sioux Falls are also rapidly gaining in stature.
The Midwest is unlikely to remain a long-term outperformer, but it's making a strong case for the value of "steady eddies" within any geographically diversified multifamily portfolio -- and could be the safest bets for low-beta markets.
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A couple of quick takeaways from NMHC:
- 1990's and newer is what everyone wants
- Capital wants to be in the Midwest (KC, NW Ark, Omaha, Des Moines, Indy)
- Delinquency is a MAJOR problem in Atlanta
- Attractive Class A basis opportunities in primary, supply heavy markets
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The vintage threshold is moving up - we're working on a lot of 1960s/1970s assets, all groups who will be exchanging into ~1985 and newer. Less headaches with:
- Aluminum wiring
- FP Stab Lok panels
- Galvanized/Cast Iron plumbing
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Why do multifamily operators like the Midwest? Consistency. Great data from a recent client survey we conducted!
One tertiary market that has exploded - Springfield, MO. The team recently marketed two clean 1980's/200+ unit deals, both received 25+ offers.
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I’ve been following several great CRE broker accounts in the #REtwit community for a while now and hope to provide as much value as they have! Excited to join the platform!
@BobKnakal
@OmarMora1es
@MultifamilyMark
@CoyDavidsonCRE
@kenashley
@HealthcareREguy
@MultifamMason
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In a challenging year for transactions, our team finished the year with 2,000+ units sold across the Kansas City MSA - excited for 2024!
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A large reason why we are continuing to see more private & institutional capital flow into middle markets - less fear of a forthcoming supply overhang resulting in declining rent growth.
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Good article - Wichita consistently garners interest from private and institutional capital in the multifamily sector.
Link - cnbc.com/2023/12/19/renthop-…
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