CBRE Brokers Sale of Three Apartment Properties in Metro Kansas City for $60M

KANSAS CITY, OVERLAND PARK AND LENEXA, KAN. — CBRE Group has brokered the sale of three apartment properties totaling 741 units in metro Kansas City for a total of $60 million. Bicycle Club Apartments, located in Kansas City, offers 312 one- and two-bedroom units. Amenities at the complex, built in 1987, include a business center, dog park, movie and DVD rentals, a clubhouse with pool, volleyball court, fitness center, tennis court and a grill and picnic area. The 149-unit Treetop Lodge Apartments in Overland Park, Kan. offers one-, two- and three-bedroom units. Amenities include a tanning bed, pool with sundeck, playground and fitness center. Lenexa Crossing Apartments in Lenexa, Kan. features 280 units, a clubhouse, fitness center, pool with hot tub, business center and walking trail. Jeff Stingley of CBRE represented the undisclosed sellers in the transactions. The buyers were also undisclosed.