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KANSAS CITY, MO. — Terracap Investments Inc. has acquired Shadow Creek Apartments in Kansas City. Diversified Asset Management Co. sold the 231-unit apartment community, which was 93 percent occupied at the time of sale. The purchase price was undisclosed. Shadow Creek, located at 5417 E. 96th Place, includes 13 apartment buildings, a clubhouse and a maintenance garage. Aaron Mesmer of Block Real Estate Services represented Diversified Asset Management Co. in the transaction. Michael Block, also of Block Real Estate Services, represented Terracap Investments.