The following was published in the Wichita Business Journal on November 19, 2014

Wichita Developer Launches $800 Million Apartment Prototype

Jason Van Sickle, Kansas housing expert and Wichita real estate developer, has announced plans to begin work on projects that will represent an $800 million investment in Kansas housing over the next 5 years. The development will be based on an innovative new prototype that his company has created for apartments. “This is the culmination of years of research, analysis, and work in real estate development,” Van Sickle explains.

Van Sickle built a career in real estate, first working at Martens Appraisal company and then building the Research and Project Planning Department for Jack DeBoer’s Value Place hotels. He also served as the Research Analyst for the WSU Center for Real Estate. He now runs J Van Sickle and Company (a real estate development firm). He also leads the Kansas Rural Housing Coalition, which is the largest researched based housing organization in the state.

Over the last five years, Van Sickle has developed 284 apartment units in Wichita, and he sees 2015 as a big year for apartment development. “Our recent estimates show us starting construction on a half dozen projects in Wichita, which should total around 1,000 new units in 2015,” Van Sickle says. “That may seem like a lot, but our demographic analysis shows a demand for as many as 6,000 new units.”

In addition to Wichita, Van Sickle says that his prototype will work in more than 120 other communities across Kansas, and he already has projects underway in Wellington, Newton, Liberal, and Valley Center. “I have been turning down requests from communities who need additional housing, because the demand is so strong for my new prototype,” Van Sickle explains. “I will be adding staff over the next year to handle the increasing demand.”

Given the popularity of his development model, Van Sickle has decided to start creating opportunities for investors. “I know that there aren’t many good investment opportunities around right now,” explains Van Sickle. With banks and bonds paying extremely low rates, and so much uncertainty in the stock market, Van Sickle sees real estate as a possible safe haven for investors. He also says that his projects are designed to create priority returns that many investors should find very attractive.

Starting in January, Van Sickle will hold a series of educational luncheons to teach people about the aspects of investing in real estate, to provide more information about his prototype, and to talk about specific projects. The events will be free, but space will be limited. To learn more visit: jvscompany.com/luncheons.

Jason Van Sickle - President, J Van Sickle & Company 151 N Rock Island, Suite 1C | Wichita, Ks 67202 | 316-262-2720 | jvansickle@jvscompany.com