JVM Realty Corp., a multifamily real estate investment and property management firm, has purchased The Vue, a 219-unit multifamily property in Overland Park, Kansas, 15 miles south of Kansas City.
Located at 7201 W. 80th Street, The Vue consists of 219 units averaging 936 square feet. The one- and two-bedroom units have stainless steel appliances, hardwood floors, full-sized washers and dryers, and private patios or balconies. Completed in 2018, the six-story property includes 7,300 square feet of ground-floor retail that is leased or under contract. and an attached five-level parking garage.
Property amenities include including a resort-style saltwater pool with a sundeck, a 24-hour fitness center, a clubhouse with a full-service kitchen and game room, a covered outdoor bar and lounge, and a pet spa. The property is situated near Interstates 35, 435, 635, and Highway 69, providing convenient access to major employers and quality healthcare.
“Overland Park has been recognized as one of the top markets for jobs as well as one of the top five best places to live in America,” said Jay Madary, president and CEO of JVM Realty Corp. “We are thrilled to add The Vue to our growing portfolio of luxury Midwest multifamily properties. With abundant features and amenities and walkable access to downtown’s trendy boutiques and restaurants, we think this property will be a popular rental option for the foreseeable future.”
With this latest acquisition, JVM Realty owns and manages eight apartment communities in the Kansas City metro and 20 communities throughout the Midwest.
Based in Oak Brook, Illinois, JVM operates a $1.4 billion multifamily portfolio in the Greater Midwest, including Illinois, Indiana, Kanas, Missouri, and Wisconsin.