BAM Capital Announces Strategic Acquisition of 291-Unit Altitude 970 Luxury Apartment Community in Thriving Kansas City Market

KANSAS CITY, MO – BAM Capital announced the latest addition to the BAM Multifamily Growth & Income Fund IV portfolio, Altitude 970, a premier institutional-quality apartment community. Completed in 2018, Altitude 970 sits in the thriving Kansas City, Missouri market, comprising 291 luxury apartment units that are superior to the competitive set.
Altitude 970 is strategically located in an area experiencing robust economic growth, a growing population, and thriving job markets. The property’s proximity to the Kansas City International Airport and the KCI 29 Logistics Park offers residents exceptional access to current and incoming employment opportunities. This favorable economic profile supports strong rental performance and enhances the property’s appeal to potential residents.
Altitude 970 presents a significant investment opportunity within BAM Multifamily Growth & Income Fund IV. The property has the potential for rent increases consistent with market comps, enhanced ancillary income, and reduced expenses through operational efficiency. With a 98% occupancy rate, The BAM Companies’ vertically integrated platform is committed to maintaining high occupancy levels through its proven methods and strategic operational expertise.
“Our company’s foundation is property management and operations,” says Tony Landa, Chief Investment Officer at The BAM Companies. “The firm is only as excellent as its people on the ground and on-site. The operations team is paramount to our success.”
The acquisition underscores BAM Capital’s commitment to providing premium assets and tangible returns for its partners and stakeholders. Altitude 970 enhances the Fund IV portfolio, offering substantial income potential for investors that aligns perfectly with BAM Capital’s strategic vision and investment criteria. Located in the economically vibrant area of Kansas City, Missouri, Altitude 970 is poised to deliver strong returns through strategic management and market positioning.
The property features unique amenities that enhance the living experience for residents, including a pedestrian-friendly trail to upscale retail, a resort-style pool, a fitness center, a movie theater, recreation areas, a rooftop lounge, and more.
“BAM Capital isn’t a commodity buyer,” Landa declares. “Evaluating key differentiators that separate the asset you seek to buy from the competitive set is critical when acquiring property. It strengthens the underlying rent assumptions to your acquisition proforma.”
The Northland submarket, where Altitude 970 is located, has experienced substantial rent growth and is projected to continue this trend, further enhancing the investment’s potential. Additionally, the area around Altitude 970 is seeing significant economic developments.
“The year-over-year rent growth stands at 3.7% as of Q2-2024, which is ranked #3 nationally according to Yardi,” Landa reports. “Deliveries relative to total inventory in this mark is well below the national average, and it plays a significant role in apartment fundamentals.”
“BAM Capital has been actively acquiring. The best opportunities come when others see pitfalls. Fortunately, BAM Capital has bought trophy assets at an attractive investment basis,” says Landa. BAM Capital’s commitment to strategic management ensures that Altitude 970 maintains high occupancy levels, optimizes rents, and manages controllable operating expenses. The property’s prime location near significant economic drivers and unique amenities makes it an attractive option for residents, further supporting its strong rental performance.

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Toll Brothers Apartment Living and Equity Residential Opens 357-Unit Remy Luxury Apartment Community in Frisco, Texas

FRISCO, TX – Toll Brothers Apartment Living, the rental subsidiary of Toll Brothers, Inc. (NYSE: TOL), the nation’s leading builder of luxury homes, in partnership with Equity Residential, announced the opening of Remy. Located at 5775 Blairview Street in Frisco, Texas, this new community features 357 refined studio, one-, and two-bedroom apartment residences. Remy s construction commenced in 2022 and was financed by a $55.6 million construction loan from Santander Bank, N.A.
The apartment residences at Remy feature an elevated contemporary design with sophisticated features and finishes. The kitchens include islands with decorative pendant lighting, quartz countertops, stainless steel appliances, and modern flat panel cabinetry. Residents will find impeccably designed living spaces, with such features as luxury hardwood-style flooring, plush textured bedroom carpeting, and oversized closets. Each home is complete with smart home technology, including keyless entry, smart thermostats, and in-residence Wi-Fi. In addition, select residences also include private balconies, patios, or fenced-in yards.
Remy s amenities were designed with intention, fostering a comfortable and inviting community where it s simple to make neighborly connections. Outdoor amenities include a resort-style swimming pool with a sundeck, as well as a courtyard with grilling stations, an entertainment kitchen, hammocks, and fountains. The sky lounge and terrace offer ample space for gathering, including seating around the firepit. Inside, residents can find focus in the communal and private coworking spaces, relax in the game lounge over a game of billiards, or host a movie night in the theater room. The expansive two-tale fitness center includes state-of-the-art equipment, a yoga room, and an indoor cycling area on the mezzanine. The community also features EV charging stations in the parking garage.
We re excited to announce the opening of Remy, Toll Brothers Apartment Living s newest community in Frisco, and another successful project with Equity Residential, said John McCullough, President of Toll Brothers Apartment Living. Remy s exceptional design, as well as its ideal location close to Frisco Square, speaks to our commitment to building elevated luxury communities in vibrant locations positioned for continued growth.
Remy is located steps from the best of Frisco Square. Residents can explore the diverse selection of restaurants, cafes, shops, and more in this highly walkable neighborhood, as well as appealing green spaces. Those looking to commute into Dallas or experience the entertainment destinations of the greater metropolitan area can do so with simple access to the Dallas North Tollway.
From its refined apartment homes to its versatile suite of amenities, Remy raises the bar for luxury living in Frisco, said Tommy Rhodus, Managing Director of Toll Brothers Apartment Living in the Central region. Residents will experience an exceptional community close to the best of this quick-growing neighborhood, with the major attractions of Dallas within reach.

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Venterra Realty Acquires 256-Unit Trevesta Place Apartment Community in Sarasota Growth Corridor Submarket of Palmetto

PALMETTO, FL – Venterra Realty recently bought Trevesta Place Apartments located in Palmetto, Florida. The 256-unit multi-family community in Palmetto is well located near the intersection of Interstate-75 and Interstate-275 in a growth corridor of the Sarasota market in Manatee County with simple access to St. Petersburg, Bradenton, and Sarasota.
The property consists of four-tale residential buildings, each with interior corridors and elevator access, and offers studio, one, two, and three-bedroom apartments. All apartments feature spacious, open floorplans with high-end interior finishes including stainless steel appliances, granite countertops, full-size washers and dryers, mud rooms, and oversized closets.
Trevesta Place Apartments provide renters with access to a resort-style pool area with a grilling area, a state-of-the-art fitness center and yoga space, a resident lounge, and EV charging stations. Residents with pets can welcome up to 3 pets per apartment, with no weight limit, as well as access to the onsite Bark Park.
Venterra will implement its resident-focused programs such as the Live it. Like it. Guarantee.TM, the 48-Hour Maintenance Guarantee, and SMARTLEASING.
“We have seen brilliant growth in the Sarasota market and are excited to expand our Florida portfolio into Palmetto with the addition of the amenity-rich property Trevesta Place Apartments,” said John Foresi, CEO of Venterra Realty.
“Venterra has become known as a company that is committed to providing a market-leading living experience, and we look forward to identifying opportunities to further enhance the standard of living at Trevesta Place Apartments by implementing Venterra’s customer-focused management platform,” added Venterra Chairman, Andrew Stewart.

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