Hall Equities Group is pleased to announce it acquired 444 multi-family units in a portfolio purchase in Lawrence, KS, last month. Home of the nationally-ranked Kansas University Jayhawks, Lawrence lies midway between Kansas City and Topeka, the state capitol.
The portfolio, averaging about four years old, consists of four separate complexes – Ironwood Court, Remington Square, Park West Gardens and Park West Townhomes – and is nearly 100% leased. While half the units are designed and priced as newer, quality student housing near the university, other assets in the portfolio offer higher-end finishes and substantially larger living spaces for local families and professionals. Forty-four units are duplex patio homes. Much of the portfolio has attached private garages. The purchase includes a vacant, 2.7-acre boulevard frontage, commercially-zoned parcel.
Hall Equities Group is a private, full-service real estate investment, development and property management company, active in 10 states. The firm represents the interests of select, private investors and company-sponsored group investment entities. An IREM Accredited Management Organization (AMO), the firm’s management base of 8 million square feet consists of office, retail, multi-family, hospitality, industrial and self-storage facilities.
