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Iowa Investor Makes Spanish Acquisitions in SWLRLock Icon

1 min read

Did you hear about a $20.3 million, multi-property, 570-unit apartment transaction in southwest Little Rock?

BBR Oil LLC, led by Iowa City investor David Barker, bought three projects: the 280-unit Spanish Valley Apartments at 5300 Baseline Road and 8501 Dreher Lane, the 181-unit Spanish Willows Apartments at 7510 and 7515 Geyer Springs Road and the 109-unit Spanish Viento Apartments at 5701 Dreher Lane.

The sellers were affiliates of Cross Equities of Addison, Texas: Quail Redevelopment LLC, Windamere Redevelopment LLC and Willow Redevelopment LLC.

The multifamily acquisition isn’t Barker’s first deal in the local market. In 2012, he purchased the Kum & Go project at 8801 Maumelle Blvd. in North Little Rock for $3 million through BBR Oil IV LLC.

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