PRESCOTT FAMILY BUYS KANSAS APARTMENT COMPLEX FOR $43M

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JUNCTION CITY, KAN. — Colorado-based Prescott Family LLC has purchased The Bluffs, a 602-unit apartment complex in Junction City, for $43 million. The 536,236-square-foot property is adjacent to Fort Riley, a U.S. Army post, and includes one-, two- and three-bedroom units. The property is 98 percent leased. Alex Blagojevich, David Gaines, Richard Glinski and Jacob Steele of Marcus & Millichap represented the seller, The Bluffs LLC. Blagojevich, Gaines, Glinski and Steele also represented the buyer.

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