Lumen Woods Apartment Development - 26% IRR Projection

Asset type: Apartment · Location: Lenexa, Kansas

Lumen Woods is envisioned as the KC Metro Area’s leading fully AI-ready smart living apartment community, leveraging Oak IQ’s innovation and a partnership with national technology provider Optic-Wise to deliver a native, secure network that enables an advanced, future-proof living experience. Strategically located in the fast-growing K-7 corridor, the development is surrounded by $700K–$2MM homes, townhome projects, and commercially zoned retail, positioning it to serve an affluent, highly educated demographic with an average household income of $180K. Designed as a Class A community that complements and enhances surrounding residential and commercial growth, Lumen Woods integrates mobility, lifestyle, and technology to create a connected, vibrant, and scalable living environment aligned with the area’s accelerating expansion. This is a syndication offering that is only allotted up to 1.05M and is already at $550k invested. Projected returns: 5-year hold 7% Pref 85/15 split 23-26% project IRR 2.5X MOIC