Library Lofts East in downtown Kansas City sold to a California-based real estate investment trust for $12.75 million.The 118-unit historic loft building becomes Steadfast Income REIT Inc.’s fifth Kansas City-area property.The REIT’s purchase of the Library Lofts East building closed on March 4.Master Realty Properties Inc. renovated the building and converted it to lofts in 2003 by. It was one of the early loft projects Downtown, predating such major investments as Sprint Center and the…
Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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