IN THE NEWS
September 20th, 2021
“The ball continues rolling for FTW Investments in picking up value-add multifamily properties across the Kansas City metro, including with one of its larger acquisitions to date in south Kansas City.
The private equity real estate investor closed on the Legacy Apartments in early September, a 162-unit multi-building community located northeast of 89th Street and Troost Avenue, in an $8.86 million transaction with San Diego-based Strat Property Management Inc.”
September 2nd, 2021
“An expanding Kansas City multifamily investment group has hired a new executive with more than 20 years of local private equity experience under her belt.
FTW Investments welcomed Connie Savage on Aug. 16 as director of finance, a role in which she’ll oversee the firm’s budgeting, financial planning and analysis.
Savage first cut her teeth on investment management in 1997, as a controller with Kansas City Equity Partners. That group in 2002 teamed up with high-yield manager Fountain Capital Management to make much of the initial investment that helped found Tortoise Capital Advisors.”
August 9th, 2021
“Seemingly ubiquitous utility upgrades and relocation along Main Street haven’t stopped investors and developers from continuing to sink their teeth into properties along Kansas City’s coming southern streetcar extension.
Recent building acquisitions continue a years-long land rush, through which dozens of sites have changed hands — to the tune of at least $25.6 million as of last winter — in anticipation of the $351 million, 3.5-mile streetcar line along Main, from Union Station to the University of Missouri-Kansas City campus. The extension anticipates opening in 2025.
Here are three properties that in recent weeks have come under new ownership near the future line:”
May 3rd, 2021
“An up-and-coming multifamily investment firm that to date has concentrated the bulk of its transactions in Kansas City has made its first foray across the state line into Wyandotte County.
FTW Investments on Thursday acquired the Wyandotte Apartments at 2361 Tauromee Drive for $2.3 million, from Columbia, Missouri-based Alexander Forrest Investments LLC, according to county property records.“
April 7th, 2021
“A Kansas City multifamily investment firm anticipates continued momentum int 2021, despite what one co-founder and principal anticipates will be steeper competition in the market.
When it came online in May, FTW Investments owned a lone property — the 37-unit Admiral Apartments at 1310 Admiral Blvd. The company’s three co-founders had acquired the site as partners in November 2019.”
March 10th, 2021
“A 123-unit apartment building in Independence sold to FTW Investments LLC for $6.6 million, JLL announced Wednesday.
Independence Towers, located at 728 N. Jennings Road, has a total of 72,766 rentable square feet and is 93% occupied. The building has a mix of studio, one- and two-bedroom apartments and features a courtyard with barbecue area, recreation room and fitness center, according to a release from JLL, which represented the Florida-based seller Property Resource Associates.”
Nov. 5th, 2020
“A Kansas City investment group has snapped up a $21.2 million portfolio of three apartment communities in Independence.
FTW Investments acquired the three properties — the 253-unit Hudson at 1401 S. Cunningham Ave., the 113-unit Meadowbrook at 2141 S. Swope Drive and the 60-unit Winner Place at 9528 Winner Road — from Texas-based multifamily manager Urban Southwest Capital, the seller’s broker representative announced Wednesday.”