Aragon Bets On Kansas City Market With Apartment Buy

Law360, New York (December 14, 2011, 7:24 PM EST) -- Real estate investor Aragon Holdings LLC bought a residential complex in Kansas City, Mo., with expectations that the local economy will remain stable and the population will grow, the firm said Wednesday.

The purchase of the 322-unit property in southwestern Kansas City is Aragon's 10th apartment acquisition in the past three years, the firm said in a statement. It did not disclose the price of the deal or the seller of the property.

The Timber Lakes at Red Bridge development, which is 97 percent occupied, is located near...
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