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104 Armour Rd. North Kansas City, MO 64116 MO Tel. 816-303-4500 Fax 816-221-1829 |
Type: Public
Employees:
0
Maxus Realty Trust buys and owns mostly residential real estate in the Midwest and South. The real estate investment trust (REIT) owns about 10 apartment communities containing a total of more than 1,700 units in and near urban areas in Arkansas, Kansas, Missouri, and Oklahoma. It bought an apartment complex in the Oklahoma City metropolitan area in 2007, and owns an office property in the Kansas City area as well. Originally established to invest in office and light industrial properties, the company switched gears and began acquiring multifamily residential properties in 2000. Executive officers and trustees own more than 40% of the company.
Key numbers for fiscal year ending December, 2007:
Sales: $11.6M
One year growth: 41.3%
Net income: ($1.6)M
Officers:
Chairman, President, and CEO: David L. Johnson
Treasurer and Principal Financial Officer: Residential REITs
Competitors:
AMLI Residential
Apartment Investment and Management
Equity Residential
