The Opportunity

Berkadia Real Estate Advisors have been exclusively retained to offer qualified investors the opportunity to purchase Lenexa Crossing, a conventional
280-unit multifamily asset located in Johnson County, one of Kansas City's most desirable submarkets. ​ ​


  • Interior renovations have been completed on approximately 75% of the property.
  • These units have received marginal cosmetic upgrades and have well received by the market and are achieving a premium of $60 to $90 over non-renovated units.
  • A systematic approach to upgrading the remaining 25% of the ‘classic’ units will strengthen revenues and increase NOI to inherently create additional value. ​


Investment Highlights

  • Value-Add Opportunity with Proven Rent Upside
  • Current Interior Renovations Achieving Premiums of Up To $90
  • Additional Upside with a More Comprehensive Unit Upgrade Package (Cabinets, Solid Surface Countertops, Appliances, etc.)
  • Capture Additional Upside as Renewals and New Leases Are Executed
  • Affluent Johnson County Location Near the College Boulevard Office Corridor and Oak Park Mall
  • Offered with Assumable Freddie Mac Debt or Free & Clear


Investment Highlights

  • A+ Location in Downtown Omaha
  • All-In Costs to Renovate Substantially Below Replacement Costs
  • Significant Past Investment Leave Asset with No Immediate Capital Needs
  • Limited Future Tax Exposure as Current Assessment at Top of Competitive Set
  • Offered Free & Clear, Allowing Buyer to Take Advantage of Attractive Current Debt Market
  • Located in an Opportunity Zone
  • Mixed-Use Property Provides for Diverse Revenue Stream
  • Stabilized Asset and Growing Financials with Tremendous Upside
  • Proven Value-Add Play Installing Vinyl Plank Flooring Generating $100 Rent Premium

Berkadia’s Mid Markets Investment Sales Group is pleased to present the exclusive opportunity to acquire The Brandeis, a 165-unit apartment community that also includes condominium units. Originally built in 1907 and converted to a residential over office and retail mixed-use, condo property in 2009, right before the recession hit. As of today, all but 17 of these condo units have been converted back to traditional multifamily units. As a result, every single unit has absolute top-of-the market finishes, and the community amenities are best-in-class.


Interior Features

  • Fully Equipped Kitchen with Stainless-Steel Appliances
  • Spacious Pantry*
  • Kitchen Island*
  • Granite Countertops
  • Tile Backsplash*
  • Fireplace*
  • Hardwood / Tile / Vinyl Flooring
  • Ceiling Fans
  • Crown Molding
  • Vaulted Ceilings
  • Bay Views
  • Walk-in Closets
  • Double Pane Windows
  • Washer / Dryers & Hookups
  • Air Conditioning / Heating

*In Select Units

Community Amenities

  • Elevators
  • Clubhouse
  • Lounge with 22" Ballroom Ceiling
  • Community Room with Billiards
  • Theater with Reclining Chairs
  • Fitness Center and Food Court
  • Deck with Picnic and Barbecue Area
  • Storage Units and Bike Storage
  • Climate-Controlled Basement Parking
  • Attached Covered Parking Garage
  • Laundry Facilities
  • Controlled Access
  • Disposal Chutes
  • Concierge
  • Recycling
  • Dry Cleaning Services
  • Planned Social Activities
  • Corporate Suites and Guest Apts.
  • Video Patrol
  • On-Site Management


Omaha, Nebraska





125 S. Wacker Drive

Suite 400

Chicago, IL 60606

312.957.7391 | Fax: 312.957.7871 ​

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