2015 World Series Parade, Kansas City, Missouri
KCVG was formed in 1994 to acquire and redevelop multifamily assets. Our management affiliate, NRES Management dates back to 1982 and managed over 15,000 units and 20 hotels on a national basis at its peak in the late 1980’s for its institutional clients. This segued into a $500 million asset management contract with the RTC in the early 1990’s. We are led by those same senior executives today.
At its inception, KCVG focused on value-add acquisitions and significant redevelopments. As this market became more competitive, KCVG began acquiring newer product in out of favor markets which took us into Texas where we enjoy a significant presence today. As our markets continued to evolve, we focused on institutional product with a value-add component and most recently, the acquisition of new developments during lease up. One of our keys to success has been recognizing relative market inefficiencies early.
KCVG initially capitalized its projects internally, then through institutional joint ventures and finally completed a roll up of its assets and management company in conjunction with a significant investment from an institutional partner which we bought out in 2014.
We have purchased over 15,900 units in excess of $990 million. Today, our portfolio consists of over $700 million in gross assets in over 7,000 units.
Over the past 20 years we have invested heavily in building a sophisticated management platform by utilizing leading edge systems to create marketing that drives both traffic and revenue while creating product differentiation. Our construction affiliate manages large scale redevelopments and supports the field with innovative solutions.
NRES Management LLC