An Indianapolis developer says it has secured around $82 million in new financing for several apartment projects in the Kansas City area.
Cityscape Residential said it arranged the financing over the last 90 days through two commercial banks and a longtime equity investor. The company did not disclose additional details.
The company has recently started work on the West End Flats at the Prairiefire development and Metcalf Avenue in Overland Park, Kan. It is also developing a project known as Greenwood Reserve in the same area.
Closer to downtown Kansas City, Cityscape plans to develop about 300 units in an area called Crossroads West.