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OVERLAND PARK, KAN. —Apartment Realty Advisors (ARA) has arranged the sale of Three Lakes Apartments, a 278-unit apartment community located at 12100 Willow Lane in Overland Park. The garden-style community features enclosed apartment entries, a fitness center, a business center, a swimming pool and heated spa, a clubhouse, a lodge and a scenic lake. The property was 92 percent occupied at the time of closing. Mac Crowther of the Kansas City, Mo., office of ARA represented the seller, New York-based Sentinel Real Estate Corp. The buyer, as well as the acquisition price, was not disclosed.