Investment firm Beaty Capital Group Inc. of Rogers paid $37 million for the Grand Village at Clear Creek retirement community in Fayetteville.
The complex is on Grand Boulevard just west of Interstate 49 and was built in 2020. It has 109 independent living apartment units and 16 cottages; a second phase of construction will add 33 cottages and a clubhouse.
“We are pleased with the way the transaction worked out,” said company President Lance Beaty. “I believe this is one of the best assets in the NWA market, and we look forward to expanding and continuing to provide a premium independent living experience for our residents.”
The Beaty Capital Group purchased the complex through its BCG Grand Village LLC. It was represented by Clinton Bennett of Bennett Commercial Real Estate and the Kutak Rock Law Firm.
IberiaBank provided a loan of $30.8 million.
The seller was Gibraltar Capital Management of Tulsa through its Willow Bend Realco LLC.