Our aim is to provide stable
performing assets to our investors.
Our team has a long-term connection to the Kansas City metro and Eastern Kansas. This provides us unique opportunities to analyze and target opportunities in these markets.
The Greater Kansas City Metro has proven to be a steady and reliable market in numerous facets; population growth, economic growth and rent stability. We are confident that the Kansas City and Eastern Kansas markets are on a solid footing for providing long-term cashflow to our Partners.
Agarika is focused on multi-family assets with long-term cash-flow.
Our target criteria is 10-50 units and $1-3 million valuation with value-add mainly on the operations side.
Kansas City at a glance
In Q4 2019 the metro gained 15,500 jobs, a 1.5% increase year-over-year. Almost half of this growth was in the health services and education sectors, both reliable and resistant sectors of the national economy.
According to Colliers International in November of 2019 “Kansas City’s overall occupancy rate has remained above 94% for 23 consecutive quarters.”
In Marcus & Millichap’s 2020 Outlook for Kansas City “[s]table vacancy and rising incomes allow Kansas City’s average effective rent to reach $1,015 per month in 2020”, an increase of 3.6%
