Bow River Capital, a Denver-based alternative asset management firm, has acquired Brookside Commons, a newly constructed 212-unit multifamily community located in Kansas City, Missouri.
This marks Bow River’s third multifamily acquisition in the Kansas City market, following the purchases of the Gallerie & Icon properties. Financing was arranged through Berkadia’s Denver office in partnership with Fannie Mae.
Built in 2023, Brookside Commons aligns with Bow River’s investment strategy of acquiring high-quality, undervalued assets in resilient and growing markets. The transaction was completed at more than a 24% discount on today’s replacement cost, offering attractive relative value in a supply-constrained market.
“Brookside Commons checks every box for us — newer vintage product, highly desirable location, and strong demand drivers supported by stable and growing employment sectors,” said John Layton, Director at Bow River Capital. “This investment reinforces our conviction in Kansas City as a long-term growth market and underscores our strategy of acquiring well-located assets at a discount to intrinsic value.”
The post Bow River Completes Third MF Acquisition in Kansas City Market appeared first on Connect CRE.
