Cabot Apartments Sold for $10.2M

Cabot Apartments Sold for $10.2M
Greystone Woods Apartments (Google Maps)

Greystone Woods Apartments in Cabot has been sold for nearly $10.2 million.

The complex in a wooded environment on Highway 5 was sold to Deancurt Cabot LLC. The buyer was represented by Thomas Schmidt of Flake & Co. and Philip Schmidt of Kelley Commercial NWA.

Greystone Apartment Co. LLC was the seller in the all-cash deal.

“Greystone Woods Apartments has historically been a very successful complex located in a very desirable location near the upscale Greystone subdivision,” Thomas Schmidt said in a news release. “The waiting list of people wanting to live there is quite lengthy.”