5-Property Apartment Portfolio Sells for $20.9M

Cottages of Hot Springs
Cottages of Hot Springs (Cushman & Wakefield/Sage Partners)
 Glen Oaks apartments
 Glen Oaks apartments (Cushman & Wakefield/Sage Partners)
Indiandale Manor apartments
Indiandale Manor apartments (Cushman & Wakefield/Sage Partners)
Village Meadows apartments
Village Meadows apartments (Cushman & Wakefield/Sage Partners)
Woodland Terrace apartments
Woodland Terrace apartments (Cushman & Wakefield/Sage Partners)

The Danny Thomas Co. of Little Rock has sold a five-property portfolio of apartment buildings in Little Rock, Hot Springs and Fort Smith for $20.9 million total.

► Cottages of Hot Springs, a 72-unit community in Hot Springs was acquired by Lin Brothers Investment LLC of Rogers

► Glen Oaks, a 56-unit community in Fort Smith, was acquired by Safe Harbor

► Indiandale Manor, a 132-unit community in Hot Springs, was acquired by Anabolic

► Village Meadows, a 40-unit community in Fort Smith, was acquired by Safe Harbor

► Woodland Terrace, a 60-unit community in Little Rock, was acquired by Wild Oak

The properties total 360 units. They were built between 1973 and 2005. 

Martin Bynum, Cole Herget, and Craig Hey of Cushman & Wakefield/Sage Partners represented the seller.