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MLG Capital announced its acquisition of Summit Crossing, a multifamily community located in the Lee’s Summit school district. Photo credit: MLG Capital.
Posed February 6, 2025
MLG Capital, a private real estate investment firm based in Wisconsin, has purchased Summit Crossing, a 336-apartment complex in Kansas City within the Lee’s Summit school district.
The Summit Crossing purchase marks MLG’s fourth acquisition in the Kansas City metro, bringing its total number of units owned in the area to 1,249, according to a release Wednesday.
Summit Crossing, located at 145681 E 95th St, is a multifamily community built in 2019. It has 336 units spread across a garden-style site. Nearly 60 percent of the units are townhomes with attached garages. The community features two heated pools, a clubhouse, a fitness center, a business center, and pickleball courts.
“We are excited to acquire Summit Crossing and expand our footprint in the Kansas City MSA,” chief investment officer at MLG Capital, Daniel Price, said in the release. “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.”
In August, the firm announced its acquisition of Silverwood Apartments, a 280-unit community in Mission, Kansas. For another purchase in June, MLG also acquired Thrive at Creekside, a 264-unit multi-family development in Parkville, Missouri. The acquisitions marked MLG’s third and second acquisitions in the Kansas City metro, respectively.
