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Denver Firm Acquires MacArthur Commons for $10.75M

1 min read

MacArthur Commons apartment complex in downtown Little Rock has been sold for $10.75 million.

Equity Partnership Holdings of Denver purchased the 60-unit building at 414 E. Capitol Avenue from MacArthur Commons LLC, which was represented by Chris Moses of Moses Tucker Partners. 

The apartment building is EPH’s first venture in Arkansas. The Denver firm owns and manages properties in markets including Phoenix, Denver and Orange County, California. It also has invested in properties in Tulum, Mexico.

Thomas Schmidt of Flake & Co. represented EHP in the deal. Malvern National Bank provided financing. 

It’s not the first time the apartment building has changed ownership. The original developers of the three-story building, Jimmy Moses and Jamie Moses of Moses Tucker Partners, sold it to MacArthur Commons LLC for $10.5 million in 2015, shortly after the project was completed. 

Previously the site of Arkla Gas headquarters, the complex was designed to provide upscale but affordable housing for residents looking to live downtown. Jimmy Moses said after the project was announced that it would be the first ground-up, multi-family rental complex built downtown in over 35 years.

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