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Little Rock Multifamily Trio Totals $70MLock Icon

1 min read

Did you hear about a series of west Little Rock apartment sales that totaled $70 million?

Affiliates of MAA, the apartment-oriented real estate investment trust in Germantown, Tennessee, sold three complexes in separate transactions to affiliates of National Property Management Associates Inc. of Orchard Park, New York.

The properties are the 308-unit West-side Creek at 4710 Sam Peck Road, $29.8 million; 260-unit Calais Forest at 500 Napa Valley Drive, $20.5 million; and 240-unit Napa Valley at 501 Napa Valley Drive, $19.7 million.

Seven-Digit Deals

Mini-storage in North Little Rock, a fast-food stop in Bryant, a big house in west Little Rock and apartments in Sherwood form this week’s quartet of million-dollar real estate transactions.

► Arkansas Storage Centers VII LLC, led by Stuart Finley, bought the 215-unit mini-storage project at 8007 Counts Massie Road in North Little Rock for $4.8 million.

Seller: RW Scott Enterprises LLC, led by Nels and Jocelyn Scott.

► Southern Chicken-Bryant LLC of Greenville, South Carolina, sold its 3,416-SF Zaxby’s at 2207 Reynolds Road in Bryant for $1.6 million.

Buyer? SCF RC Funding IV LLC, an affiliate of SCF Realty Capital of Princeton, New Jersey.

► Trudean and Karl Brown bought a 7,527-SF house in west Little Rock’s Valley Falls Estates neighborhood from David Dill for more than $1.5 million.

► Sherwood Place Apartments Inc., an affiliate of MFI Holding of New Zealand, paid $1 million for its namesake 44-unit project at 8815 Woodbine Drive.

Seller? Rablaco LLC, led by the Bradley C. Blakeway Family Trust.

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