MLG Capital announced its acquisition of Summit Crossing, a multifamily asset located in Kansas City, Mo., within the Lee’s Summit school district. The multi-phase townhome and apartment property was completed in 2019 and features 336 units spread across an expansive, garden-style site. Nearly 60 percent of the units are townhomes with attached garages. Amenities at the property include two heated pools, a clubhouse, fitness center, business center, pickleball courts and more.
“We are excited to acquire Summit Crossing and expand our footprint in the Kansas City MSA,” said Daniel Price, CIO and principal at MLG Capital. “With recent corporate investment in the area and continued population growth, we believe the asset is positioned to perform well over the course of our ownership.”
Summit Crossing is located in the Kansas City metro area, zoned to a well-rated school district and situated near numerous employers and retail offerings. According to the Federal
