KANSAS CITY, KS - Living Well Homes, a division of Sheiner Group and a leading real estate investment management firm has announced the successful all-cash acquisition of Ramsgate Apartments and Townhomes in Olathe, Kansas in the Kansas City Metropolitan area. Ramsgate Apartments and Townhomes will be Living Well’s third all-cash acquisition in Metropolitan Kansas City bringing their footprint to 567 units locally.
Acquired from the original developer, Ramsgate Apartments and Townhomes is located in Johnson County considered to be the region’s economic engine with over 24 million square feet of office space and home to some of the largest concentrations of corporate centers and business parks in the Midwest. Consisting of equal parts, 1 and 2-bedrooms plus the spacious townhomes, this 136-unit acquisition aligns with Living Well Homes' strategic growth initiatives, aiming to enhance its presence in key Mid-West markets and offer quality living options that meet diverse housing needs.
"We are thrilled to announce the acquisition of Ramsgate Apartments and Townhomes," said Lloyd Sheiner, Chairman of Living Well Homes. "This investment represents our commitment to expanding our portfolio with accretive high-quality value-add residential properties in thriving communities like Olathe. We look forward to enhancing the property with desirable new amenities and modernizing the apartment product to meet the market’s needs."
Living Well Homes plans to implement strategic upgrades, renovations, and property management and leasing technologies to enhance resident satisfaction and create operational efficiencies. Residents can expect dedication to superior customer service and community engagement as they are welcomed into the Living Well Homes family.
With this acquisition, Living Well Homes continues to strengthen its position as a leading provider of residential properties across the US, focusing on sustainable growth and delivering value to investors and residents alike.
About Living Well Homes: Living Well Homes is a leading multi-family real estate investment management firm whose funds acquire value-add multifamily properties on an all-cash basis with a focus on adding value through property enhancement. The firm’s unique strategy of “buy now and finance later” alleviates the volatility of acquisition financing and provides certainty of close to sellers and their broker representatives. For more information about Living Well Homes and its portfolio of properties, please visit www.livingwellhomes.com