Northmarq Arranges $66M Financing for Kansas City Apartments
Northmarq’s Kansas City Debt + Equity team, led by Greg Duvall, arranged $65.677 million in financing for the Residences at Prairiefire, a 426-unit low-rise apartment community located in Overland Park, Kansas, acquired by Price Brothers.
Northmarq secured the acquisition financing on behalf of Price Brothers through Freddie Mac. The transaction was structured with a 10-year term and features a permanent fixed-rate loan.
“Due to the combination of a high-quality asset and the 30-year relationship working with Price Brothers through Northmarq, Freddie Mac provided aggressive financing terms in order to win this deal and allow Price Brothers to execute their acquisition plan efficiently,” said Duvall.
The Residences at Prairiefire, built in 2014, offers modern amenities and a prime location within the Prairiefire mixed-use development, providing convenient access to retail, dining and entertainment options.
“This acquisition aligns with our long-term investment strategy and our focus on well-located communities with strong fundamentals,” said Travis Whitacre, CEO of Price Brothers.
Join us on the afternoon of Tuesday, June 2, 2026, at Joe’s Live in Rosemont, IL, for the Connect Midwest Multifamily Trends conference.
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout