Brookfield, Wis. (February 5, 2025) – MLG Capital – a national leader in diversified private real estate investments – today announced its acquisition of Summit Crossing, a multifamily asset located in Kansas City, Mo., within the Lee’s Summit school district. The multi-phase townhome and apartment property was completed in 2019 and features 336 units spread across an expansive, garden-style site. Nearly 60 percent of units are townhomes with attached garages. Amenities at the property include two heated pools, a clubhouse, fitness center, business center, pickleball courts and more.
“We are excited to acquire Summit Crossing and expand our footprint in the Kansas City MSA,” said Daniel Price, Chief Investment Officer and Principal at MLG Capital. “With recent corporate investment in the area and continued population growth, we believe the asset is positioned to perform well over the course of our ownership.”
Summit Crossing is located in a desirable area of the Kansas City MSA, zoned to a well-rated school district and situated near numerous employers and retail offerings. According to the Federal Reserve Bank of St. Louis, the Kansas City MSA has seen more than 20 percent population growth since 2000 and was named a top 10 rental market in 2024 by RentCafe.
Summit Crossing is MLG’s fourth acquisition in the Kansas City MSA and brings MLG’s total number of units owned in the Kansas City metro to 1,249.
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About MLG Capital
MLG Capital is a sponsor of private real estate funds targeting investment from investment advisors, family offices, and accredited individuals. For more information about MLG Capital and its investments, visit the firm’s newsroom.
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