PROPERTY MANAGEMENT FIRMS ANNOUNCE VENTURE
Signature/DRS Fund I (the “Fund”) made its first acquisition in 2016 – a project comprised of three vacant buildings built as “work-force” housing in 1916. The Fund made the acquisition in a venture with Brinshore Development Company, a Chicago-based developer of affordable housing. Brinshore is the lead developer of the Paseo-Gateway Redevelopment Project in northeast Kansas City. Renamed “The Maples”, the Fund and Brinshore has renovated the buildings into 72 affordable and historically authentic units. The Maples provides much needed additional housing for students attending the Kansas City University of Medicine and Biosciences as well as much needed affordable housing for downtown Kansas City and nearby workers.