Dallas, TX, September 2022 – A partnership between Legacy Knight Capital Partners (“L|K”) and Red River Development (“RRD”, jointly the “JV”), has acquired an entitled 27.8-acre multifamily development site in Kansas City, MO. The project will mark the partnership’s first investment. The JV will immediately commence construction on the Villages at Twin Creeks, a 220-home single-family build-for- rent (‘horizontal apartment’) community (the “Project”). The Project, once developed, will be comprised entirely of market-rate homes across a mix of one-, two-, and three-bedroom layouts constructed as detached and paired villa homes. The homes will each feature private enclosed backyards, front porches, class-A interior finishes, and 10’0” ceilings throughout. The amenities will include a state-of-the-art clubhouse, a modern fitness center, outdoor gathering areas, and a resort-style pool. The Project is strategically located in the Northern Kansas City submarket and is part of the Twin Creeks Master Plan. The community location provides convenient access to downtown Kansas City, quality retail, and good schools. The Project will provide residents of Northern Kansas City with an unmatched community to call home.
About Red River Development
Red River Development is a vertically integrated real estate development company that develops and operates class- A build-for-rent (“BFR”) residential communities. RRD sees an extensive market opportunity in the BFR space throughout the Southern and Midwest U.S., with a substantial pipeline of developments planned to break ground in2022 and beyond. RRD is headquartered in Dallas, TX, with a second office in Tulsa, OK
About Legacy Knight Capital Partners
Legacy Knight Capital Partners is the investment subsidiary of Legacy Knight Multi-Family Office. Legacy Knight is an innovative family office platform designed to provide exceptional family office management and premier investment access to ultra-high net worth families and family offices.
