About Us

Company History and Services Provided

Property Specialists, Inc. (“PSI”) was formed in May of 1991 by Steven M. Perry and John W. Ballard, III and since inception has been engaged in commercial real estate brokerage, mortgage banking, real estate investment banking and in providing consulting services to real estate owners and operators. Through its affiliation with KC Venture Group, L.L.C., PSI has assisted in the acquisition, sale, financing and refinancing of numerous multifamily properties utilizing tax-exempt private revenue bond financing.  Since inception, PSI has been involved in over $1 billion in acquisition, sales and financing transactions.

In addition to traditional acquisition, sales and financing activities, PSI has represented high net worth individuals and institutional investors, including real estate investment trusts, who have purchased real estate owned, non-performing loans and performing loans from governmental agencies, financial institutions and other sources. PSI has also served as financial advisor to these investors in connection with the financing, refinancing and restructuring of the debt related to commercial real estate assets.  PSI maintains relationships with numerous financial institutions, investment banking firms and legal counsel who are actively involved in real estate finance and public finance.

Hospitality Brokerage and Financing

PSI has acted as acquisition agent and selling agent on behalf of investors and owners with respect to more than 65 hospitality properties consisting of approximately 10,000 rooms throughout the United States. PSI’s clients have consisted of both private investors as well as several hotel real estate investment trusts. Properties acquired or sold on behalf of these clients include virtually all segments of the hospitality market, including budget, limited service, extended-stay, full service properties and development sites. The combined acquisition and sales prices of these properties are in excess of $275 million.  PSI also provides mortgage banking and financial consulting services to its hospitality clients and has arranged approximately $80 million in financing for hospitality properties throughout the United States. Financing sources procured by PSI have included both traditional and non-traditional lenders.

Private Equity

Through its affiliation with KCVG/Hunt Opportunity Fund, PSI has placed over $12 million in private equity for the acquisition, refinancing and recapitalization of numerous commercial real estate projects, including multifamily properties, land development, retail and self storage facilities.  These transactions typically were structured as joint venture equity investments, preferred equity investments or other forms of hybrid debt or equity financing.


Hospitality Brokerage and Financing Transactions


Residence Inn by Marriott, Omaha, Nebraska - Sale

Residence Inn by Marriott, Fort Worth, Texas - Acquisition

Residence Inn by Marriott, Grand Rapids, Michigan -Acquisition

Residence Inn by Marriott, Torrance, California - Acquisition

Residence Inn by Marriott, Charlotte, North Carolina -Acquisition

Residence Inn by Marriott, Ann Arbor, Michigan - Financing

Residence Inn by Marriott, East Lansing, Michigan - Financing

Wyndham Garden Hotel, Kansas City, Missouri - Acquisition

Ramada Hotel, Wichita, Kansas - Sale

Wyndham Garden Hotel, Lexington, Kentucky - Acquisition

Ramada Inn, Texarkana, Texas - Sale

Financing for the following portfolio:
American Inn, Kansas City, Missouri
American Inn, Kansas City, Kansas
American Inn, Springfield, Missouri
Interstate Inn, Denver, Colorado
American Inn, Denver, Colorado
American Inn, Hammond, Indiana
Interstate Inn, Council Bluffs, Iowa
American Inn, Independence, Missouri
Interstate Inn, Blue Springs, Missouri

Days Inn, Kirksville, Missouri - Sale

Comfort Inn, San Antonio, Texas - Financing

Wyndham Garden Hotel, Overland Park, Kansas - Acquisition

Clarion Suites Inn, Hartford, Connecticut - Financing

Homestead Village, Kansas City, Missouri - Sale

Homestead Village, Airport, St. Louis, Missouri - Acquisition

Holiday Inn – Express, Franklin, Tennessee - Sale

Holiday Inn – Southwest, Louisville, Kentucky -
Listing Agent

Holiday Inn – Westport, St. Louis, Missouri - Sale

Hawthorn Suites, Houston, Texas - Financing

Hampton Inn, Lansing, Michigan - Sale

Comfort Inn, Grand Rapids, Michigan - Sale

Ramada Inn, Lincoln, Nebraska - Sale

Holiday Inn – Express, Omaha, Nebraska - Acquisition

Holiday Inn Central, Omaha, Nebraska - Acquisition

Hampton Central, Omaha, Nebraska - Acquisition

Homewood Suites, Omaha, Nebraska - Acquisition

Holiday Inn Old Mill N. W, Omaha, Nebraska - Acquisition

Hampton Inn S. W., Omaha, Nebraska - Acquisition

Holiday Inn, Moline, Illinois - Acquisition

Hampton Inn, Moline, Illinois - Acquisition

Holiday Inn – Express, Moline, Illinois - Acquisition

Holiday Inn, Davenport, Iowa - Acquisition

Hampton Inn, Davenport, Iowa - Acquisition

Holiday Inn, Midland, Texas - Acquisition

Holiday Inn, Odessa, Texas - Acquisition

Holiday Inn – Express, Odessa, Texas - Acquisition

Homestead Village, Westport, St. Louis, Missouri - Acquisition

Residence Inn by Marriott, Olathe, Kansas - Acquisition

The Lodge of Four Seasons & Marina
Seasons Ridge Championship Golf Course
Robert Trent Jones Championship Golf Course
Lake Ozark, Missouri - Refinancing and Renovation Financing

The Club at Porto Cima, a Jack Nicklaus Signature Golf Course - Golf Course and Residential Development Financing

Comfort Inn, Conyers, Georgia - Sale

Four Points, Sheraton, Wichita, Kansas - Sale/Financing

Ramada Inn at the Falls, Niagara Falls, New York - Sale

Radisson Hotel, Overland Park, Kansas - Sale/Financing

Best Western Airport Inn, Albuquerque, New Mexico - Sale

Holiday Inn, Olathe, Kansas - Financing

Hampton Inn, Warren, Michigan - Sale

Perdido Hotel
Perdido Key, Florida - Tax-Exempt Bond Refunding

Ramada Inn
Tucson, Arizona - Tax-Exempt Bond Refunding

Homewood Suites, Colorado Springs, Colorado - Financing

Comfort Inn, Farmington Hills, Michigan - Sale

Ramada Inn Downtown, Leavenworth, Kansas - Sale

Holiday Inn Mission, Overland Park, Kansas - Sale 

Ramada Inn Limited East, Colorado Springs, Colorado - Sale 

President Hotel, Kansas City, Missouri - Sale 

Sale of the following on behalf of an institutional client: 
Holiday Inn Express, Colby, Kansas

Sale of the following five hotels on behalf of an institutional client: 
Holiday Inn, Salina, Kansas
Holiday Inn Express, Salina, Kansas
Holiday Inn, Hays, Kansas
Hampton Inn, Hays, Kansas
Holiday Inn, Office Building and Conference Center, Great Bend, Kansas

Super 8 Motel, DeSoto, Kansas - Sale


Ramada Inn Downtown, Topeka, Kansas - Sale


Park Inn & Suites Hotel, Arlington, Texas - Sale


Ramada Inn East-Airport, Whitehall, Ohio - Sale


Holiday Inn & Conference Center, Great Bend, Kansas - Sale