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Post Road Management acquires multifamily portfolio totaling 1,002 units in Kansas
Post Road Management has acquired a portfolio of 11 multifamily communities, all located in Wichita, Kan., and the greater metro area.
With this purchase, Post Road has nearly tripled its multifamily footprint in the Wichita market, according to Borko Milosev, principal and partner at Post Road Management.
“More than three years ago, our team had the foresight to enter the Wichita market, which is experiencing organic growth and saw an exceptional recovery from the pandemic,” said Milosev. “We acquired four properties totaling 572 units before the purchase of this portfolio. Wichita is a supply-constrained market, with absorption surpassing unit deliveries in 2022, and this trend is projected to continue to be the case through this year.”
Milosev adds that Wichita earned the number one ranking for “Job Growth Over 10 Years” (2009–2019) from Brookings Institution in 2020. Known as the “Air Capital of the World,” Wichita has vast growth opportuni