- 40
- Units
- Shawnee, KS
- Location
- 2022
- Acquired
- Continues under management
- Hold Period
- 100% occupancy
- Occupancy
Midland Court is located in a Class A/Class B area of Shawnee, KS, not far from the high-tech Kansas City submarket of Overland Park. It had been stable prior to acquisition, but many interiors were dated for a market that favors premium finishes. Since our acquisition tenant attrition has been negligible even after rent increases, and several local employers have announced new investments and increased hiring.
What we learned
- Nicely designed exteriors and landscaping make tenants proud to call their apartment home.
- Tenants who place a high value on amenities will overlook a unit available at below-market rents.
- Properties that aren’t easily accessible to non-residents walking nearby feel safer.