Fogelman Properties pays $48 million for Sandstone Creek Apartments in O.P.
Sandstone Creek Apartments in Overland Park has been purchased by Fogelman Properties for $48.1 million.
The 368-unit complex is located at 7450 W. 139th Terr., across from the Corbin Park retail area.
Sandstone Creek, which was built in 2000, is currently 93 percent occupied, according to Fogelman, based in Memphis, Tenn. Rental rates on the one, two and three-bedroom apartments range from $854 a month to $1,477.
The company said it plans to upgrade "common area amenities as w...