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Denver Investor Expands Apartment Portfolio in a Midwest City With Stable Rent Growth But Increasing Vacancy

Firm Adds Eighth Property Despite Slowing Multifamily Sales Nationally

A Denver investor bought Summit Square in Lees Summit, Missouri, outside Kansas City. (Brooke Wasson/CoStar)
A Denver investor bought Summit Square in Lees Summit, Missouri, outside Kansas City. (Brooke Wasson/CoStar)

A Denver real estate investor expanded its portfolio in a Midwest metropolitan area known for jazz and barbeque that has steady rent growth but rising vacancy.

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