The Boulders at Overland Park Apartments, 16201 Travis Street, Overland Park, KS
OVERLAND PARK, KS—San Francisco-based real estate investment firm Hamilton Zanze has acquired the 272-unit Metcalf Village Apartments in Overland Park, KS, rebranding the community as Boulders at Overland Park Apartments.
The 261,862-square-foot community was built in 2017 in the Blue Valley School District—one of the best performing districts in the nation. The Boulders at Overland Park offer a mix of one-, two-, and three-bedroom units well-suited for both single and family occupancy.
“This community represented a great opportunity to buy new, stabilized product below replacement cost thanks to robust local market momentum,” says David Nelson, managing director of acquisitions for Hamilton Zanze. “Overland Park has been a target market for our acquisitions team, and we are excited to have found a perfect acquisition to fit our criteria. We look forward to further growing our presence in Kansas in the years to come.”
The Boulders community is located close to Highway 69 at 16201 Travis Street. It features a 24-hour fitness center and an expansive outdoor saltwater pool, and HZ plans to execute only minor community improvements due to its newer construction. Planned projects will include landscape enhancements and improved outdoor lighting for wayfinding and ambiance. The individual units feature state-of-the-art appliances, granite countertops, wood vinyl floors, and large, efficient dual pane windows.
Property management responsibilities will be transitioned to Mission Rock Residential, a Denver-based affiliate company of HZ.
The Boulders at Overland Park Apartments are located just 30 minutes from the state capital of Kansas City. Since 2000, more than $6 billion of public and private projects have been completed in the metro area. The city's constant population growth, developing transportation system, and solid economic fundamentals can all be credited for making the region a prime target for multifamily and business investment.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
