**Berkadia Facilitates Sale of The Locarno Multifamily Property in Kansas City**
Berkadia has announced the successful sale of The Locarno, a 110-unit, high-rise multifamily property located in the urban core of Kansas City, Missouri.
The transaction was led by Berkadia Kansas City’s Senior Director Michael Spero, Director Niko Vrentas, and Associate Director Simon Rodewald. The seller, Locarno Partners, LLC, transferred ownership of the property to ELKCO Properties, a Denver-based firm that partnered with Leale Capital in the acquisition.
“Combining one of Kansas City’s top urban core locations with the new strategy for growth and development at the Country Club Plaza, the future for The Locarno is shining bright,” said Spero. “ELKCO Properties and Leale Capital bring an exciting vision to The Locarno, including a strategy that will carefully maintain the historic charm of the property.”
Located at 235 Ward Parkway, The Locarno offers convenient access to a range of popular shopping and dining destinations, major metropolitan employers, several area universities, and is situated just minutes from Downtown Kansas City.
The acquisition aligns with renewed investment in the Country Club Plaza area and positions The Locarno for continued revitalization and community engagement under new ownership.
