Richardson Sells River Pointe Apartments for $40M


The sale of a 384-unit apartment complex in North Little Rock leads off this week’s lineup of million-dollar real estate transactions.

► Riverpointe Development LLC, led by Keith Richardson, sold River Pointe Apartments at 7325 Riverpointe Drive for $40 million.

Buyer? HPI River Pointe LLC, an affiliate of Hamilton Point Investments of Old Lyme, Connecticut.

► An investor group, through Legacy Land & Timber LLC, paid more than $19.8 million for a 1,787-acre tract in west Pulaski County that wraps around the western and southern perimeter of the Alotian Golf Club.

Sellers: PotlatchDeltic Timber LLC and PotlatchDeltic Real Estate LLC, affiliates of Potlatch Corp. of Spokane, Washington.

► Dixon Realty LLC, an affiliate of Skyline Healthcare of Woodbridge, New Jersey, sold the 140-bed Madison Health & Rehab project at 3915 Dixon Road for more than $5.5 million.

Buyer: 2821 West Dixon Road LLC, an affiliate of Strawberry Fields REIT Ltd. of South Bend, Indiana.

► Midtown Townhomes LLC, led by Benjamin Saxon, purchased the 18-unit apartment project at 8120 W. Markham St. for $1 million.

Seller? Mid-Town Condominiums LLC, led by Robert Weyrens.

► Oakley Investments LLC, led by Stephen Cox, sold a 9,000-SF Dollar General at 11046 U.S. 165 in North Little Rock for $1 million.

The buyer was C&O Enterprises LLC, led by Gary Childers and David Onstead.