Northmarq Brokers Sale of 627-Unit Meadowbrook Apartments in Lawrence

Northmarq has arranged the sale of Meadowbrook Apartments, a 627-unit rental community in Lawrence, Kansas, together with an adjacent 4.3-acre development tract. Casey Wilhm, Jeff Lamott and David Belpedio of Northmarq represented the sellers, Meadowbrook Investors LC and M-10 Holdings LC. The buyers were The Meadow KS LLC and The Lawn KS LLC.

According to Northmarq, the transaction is the largest multifamily sale in Lawrence history measured by unit count, bed count and total consideration. The community offers studio, one-, two-, three- and four-bedroom units, along with townhome and duplex-style homes. Shared amenities include a pool, fitness center, activity room and 24-hour emergency maintenance service.

The property is located just west of the University of Kansas campus, a location that typically draws steady student and academic renter demand. The article did not disclose the sale price.

For developers and investors, the deal signals strong institutional appetite for large student-adjacent multifamily assets in secondary Midwest markets, and the included development tract may offer future density potential.