NORTH KANSAS CITY, MO - Maxus Realty Trust, Inc. (“MRTI”), a real estate investment trust ("REIT") with corporate headquarters located in North Kansas City, MO, has recently completed the acquisition of an apartment community located in Little Rock, Arkansas.
MRTI completed the acquisition of the The Wellington at Chenal apartment community (“Wellington”) on June 27, 2018. Wellington was constructed in 1997 and includes 178 apartment units comprising approximately 175,000 square feet. With the addition of Wellington, MRTI now controls approximately 1,300 apartment units in the Little Rock metropolitan area.
“We are pleased to add another high quality apartment community in Little Rock to our portfolio,” said David Johnson, MRTI’s Chairman and CEO. "Wellington fits well within our strategy of investing in high quality apartment communities in the southeast United States.”
MRTI is a real estate investment trust that is in the business of acquiring, investing, developing and redeveloping multifamily and commercial properties in Alabama, Arkansas, Florida, Georgia, Kansas, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma and Texas. MRTI has ownership interests in 35 multifamily properties consisting of 9,264 apartment homes) and has approximately 263,000 square feet of commercial space. MRTI’s common stock is quoted on the OTC Pink market tier of the OTC Market, which operates an interdealer quotation system and electronic messaging service, called OTC Link®, for broker-dealers to trade OTC equity securities. Additional information about MRTI may be found at www.otcmarkets.com (symbol “MRTI”).
Media contact: Kelly Johnson, 816-805-5659, kjohnson@maxusprop.com
Investors contact: DeAnn Totta, 816-877-0812, dtotta@maxusprop.com