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**Northmarq Arranges $65.7 Million Financing for Residences at Prairiefire in Kansas**
Northmarq’s Kansas City Debt + Equity team, led by Greg Duvall, has arranged $65.677 million in acquisition financing for the Residences at Prairiefire, a 426-unit low-rise apartment community in Overland Park, Kansas. The property was recently acquired by Price Brothers, a locally based real estate investment company.
The financing, secured through Freddie Mac, features a 10-year term with a permanent fixed-rate loan.
“Due to the combination of a high-quality asset and the 30-year relationship working with Price Brothers through Northmarq, Freddie Mac provided aggressive financing terms in order to win this deal and allow Price Brothers to execute their acquisition plan efficiently,” said Duvall.
Completed in 2014, the Residences at Prairiefire offers modern amenities and is ideally located within the Prairiefire mixed-use development. The community provides residents with convenient access to shopping, dining, and entertainment.
“This acquisition aligns with our long-term investment strategy and our focus on well-located communities with strong fundamentals,” said Travis Whitacre, CEO of Price Brothers.
Join industry leaders on Tuesday afternoon, June 2, 2026, at Joe’s Live in Rosemont, IL, for the Connect Midwest Multifamily Trends conference.
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