Posted 5/6/2013 12:00 am
A Tulsa concern recently expanded its Arkansas multifamily holdings in a $22.5 million deal.
Capital Assets Inc. bought the 360-unit Mountain Ranch apartment project at 549 N. Coral Canyon Loop, west of Interstate 540.
The Mountain Ranch acquisition boosts its northwest Arkansas apartments under management to four properties totaling 875 units.
Capital Assets owns the 120-unit Flagstone Creek project in Bentonville and more than 200 units at The Reserve at Steele Crossing in Fayetteville. The firm manages the 194-unit Harbin Pointe complex in Bentonville.
Who sold Mountain Ranch? An affiliate of SC Bodner Co. of Indianapolis, Mountain Ranch Apartments LLC.