Knowledge, Integrity, Experience
BS in Real Estate & Business, Indiana University
Worked in Commercial Real Estate Finance with both a Life Insurance Company (The Equitable) and Mortgage Banking (First Bank Systems)
Formed KLS Real Estate Services in 1988 as a multi-service commercial real estate company specializing in both real estate appraisal and brokerage.
In 2015, Konnie joined BHGRE Commercial focusing full-time in commercial and residential brokerage. In December, 2019 Konnie converted all her brokerage business under KLS Real Estate Services LLC.
MAI Designation Appraisal Institute
Rising Star Award, 2016
Gold Star Award, 2017
Over $13 million in sales
Net Leased Single Tenant Retail Properties continue to be an excellent investment. Stable long term income and little to no management make this an excellent investment for the passive investor. Besides Internet sales, in 2018, positive retail sales growth, at or greater than 6%, occurred in Food Service & Drinking, Motor Vehicle & Parts, Furniture, Clothing & Accessories and Health & Personal Care. With new tax laws in place, sale-leasebacks are becoming more popular in order to maximize tax deductions.
Retail properties have had to be re-invented in recent years with the increase in online sales. Property owners have re-populated with a variety of service oriented establishments from fitness to entertainment venues. Mid-size cities have generally been experiencing elevated yields and appreciation. Orlando's National Retail Rank (#16 to #7) has seen a dramatic drop while the other major Atlantic coast markets have seen an increase in ranking. Orlando's significant employment growth has spurred growth in most real estate sectors.
National multi-family investors have pinpointed Kansas City as a highly desirable area for investment in both the urban core and its outlying suburbs. Average vacancy rates have been on the decline and rents have been on the rise. The 5 yr avg rent growth in the KC Market generally ranged from 2.5%-3% depending on submarket area. CoStar reports 8,800+ units are currently under construction. Rent growth is expected to ease over the next year or so due to the increase in inventory. CoStar indicated the KC market had an average sale price/unit of $104k and the typical overall rate ranged from 7%-8%.