Prairie Sage
Prairie Sage Apartments
Description:
Prairie Sage was placed into service in 2009, and is comprised of 34-2 Bedroom and 30-3 Bedroom units. The units are income restricted to households earning no more than 50% of the Natrona County area median income. Community amenities include a playground, grill and picnic areas, bike storage and carport parking.
MPC Strategy:
McKee Private Capital purchased Prairie Sage in January 2027. MPC raised equity from nine private investors with debt financing provided by Greystone Servicing Company. Ten years of interest only payments were negotiated helping bolster strong returns over the term of investment.
This investment was purchased at a significant discount to replacement cost, which will be the primary driver of investor returns over the ten year term. Fixed rate, interest only debt payments will provide a solid foundation as we look to improve operations.
