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Apartment Complex Sells for $55M

An investment company from Philadelphia was made a significant purchase here in Kansas City–GoldOller Real Estate Investments, LLC has purchased a large apartment complex in the Northland region of Kansas City for a cool $55 million. The 624-unit complex The Crossing at Barry Road was the property up for grabs, and the price negotiated puts a price on each unit of about $88,000. For 2012, it’s one of the largest real estate transactions this year.

The Kansas City movers are impressed by the property value retained for this Class A, older apartment complex. There is no word yet on plans to renovate or adjust the property.

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