Avanti Residential adds Village West Apartments to growing Kansas City portfolio
The 306-unit Class-A acquisition deepens Avanti’s investment in the greater Kansas City area and meets resident demand for lifestyle housing in a growing market
Kansas City, Kan. and Denver, Colo. – November 30, 2021 – Avanti Residential, a nationwide multifamily investor and operator, today announced the acquisition of Village West Apartments, a 306-unit Class-A apartment community in Kansas City, Kan.
“This is an outstanding opportunity to grow our apartment portfolio in Kansas City, where affordability, high quality of life and steady job growth continues drive demand for newer, lifestyle-forward multifamily housing,” said Christian Garner, president of Avanti Residential.
Village West Apartments was built in 2014 and has abundant lifestyle amenities, including a resident clubhouse, media lounge, co-working lounge with conference room, fitness center and a resort-style pool. The complex is comprised of one- and two-bedroom apartments that range from 763 square feet to 1,385 square feet in size. The apartments feature wood plank-style flooring, kitchens with granite counters and stainless-steel appliances, walk-in closets, and 12-foot ceilings in select units. Each apartment is equipped with a built-in workstation, energy-efficient washer and dryer and a private patio or balcony.
Village West Apartments is located at 8343 Leavenworth Rd., near the master planned Village West, a sprawling retail, dining, and entertainment area that includes the Legends Outlets, Kansas Speedway, professional sports venues for soccer and baseball, and the future home of the massive new American Royal complex. Village West is the largest tourist destination in the state and a significant economic driver for Wyandotte County, along with a major logistics presence extending from the nearby intersection of I-70 and I-435.
Avanti now owns four properties in the greater Kansas City area, including neighboring Prairie View at Village West. “This latest investment will definitely benefit from our current management experience in the immediate area,” added Garner. “The Village West area of Kansas City has so much in the way of amenities and services to offer area residents.”
Avanti owns and operates 8,400 apartments in Colorado, Arizona, Utah, greater Kansas City, and Florida. The firm is actively acquiring high quality apartment complexes in select high growth markets nationwide.