Mia Rose Holdings has sold The Prairie, a 204-unit multifamily community in Dardenne Prairie, Missouri, to a private individual. The transaction matters because it marks the first time the asset has changed hands since the selling party brought it online, and because the buyer assumed the property's five-year, fixed-rate $28.5 million loan issued by CBRE Capital Markets in 2025. That financing structure is a notable detail in a market where debt terms can shape deal viability, and it suggests the buyer acquired the asset with existing leverage rather than arranging entirely new financing at closing.
The property is located at 210 Dogwood Prairie Drive on a 6-acre site and was developed by Mia Rose Holdings in two phases between 2022 and 2023. The community comprises five two- and three-story buildings with 120 one-bedroom and 60 two-bedroom units in the first phase, plus 24 three-bedroom apartments added in the second phase. Unit layouts range from 751 to 1,137 square feet, according to the data provider cited in the source. Shared amenities include a fitness center, business center, clubhouse, swimming pool, and grade-level parking with more than 300 spaces.
The evidence comes from a single Yield PRO article published on October 5, 2026, which is the sole source read in full for this analysis. The report identifies the buyer only as a private individual and does not disclose a sale price, capitalization rate, or other valuation metrics. The $28.5 million loan figure is tied specifically to the assumed financing, not to the purchase price. The source also notes that Mia Rose Holdings' national portfolio consists exclusively of Midwest communities, mainly in metro St. Louis, with a few others in Arkansas, Indiana, and Illinois. Within a 5-mile radius of The Prairie, the developer also built The Sullivan in Lake St. Louis, Hearthstone at Autumn Hollow in Wentzville, and the mixed-use The Prairie Encore.
The sale carries several market implications for the St. Louis-area multifamily sector. The Prairie is positioned just off Missouri State Route 364, which connects to downtown St. Louis roughly 36 miles southeast, and is near interstates 64 and 70. The community is within 2 miles of retail centers whose tenants include Target, Walmart Supercenter, and T.J. Maxx, along with several eateries. That accessibility and retail proximity may support renter demand, but the source does not provide occupancy, rent growth, or absorption data. The buyer's assumption of a 2025-vintage fixed-rate loan also suggests that existing debt terms were attractive enough to preserve, though the source does not state the interest rate or whether the assumption required lender approval.
Several limitations bound this analysis. The dossier contains only one source, and key facts such as the sale price, buyer identity beyond "private individual," and property-level financial performance are not disclosed. The source does not say whether the sale was part of a broader portfolio strategy for Mia Rose Holdings or a one-off disposition. What to watch next is whether additional reporting reveals the transaction price, the loan's interest rate, or subsequent leasing performance at The Prairie, and whether Mia Rose Holdings continues to sell other recently developed Midwest assets under similar financing assumptions.