MAC Properties LLC / Antheus secures financing to rehab midtown apartments has spent more than $100 million buying or restoring 20 historic buildings and hotels along Armour Boulevard. But the company says future investment in Kansas City could be threatened by proposed reforms to Missouri’s historic tax credit program.
Mac Properties is the owner of thousands of apartment units in the Hyde Park neighborhood in Chicago and several in Kansas City. One on the more active buyers in this part of Chicago.
MAC closed on its purchase of the Homestead and the Kenwood buildings in the 800 and 600 blocks of East Armour, respectively, in the fourth quarter. That brought its multifamily apartment stock in Kansas City to more than 2,000 units, saidEli Ungar, owner of MAC Properties, based in Englewood, N.J., and an affiliate of Antheus Capital.
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