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Maumelle Apartment Complex Sells for $25.2 MillionLock Icon

1 min read

A baker’s dozen of LLCs, affiliates of Canyon View Capital in Santa Cruz, California, purchased the 168-unit Highland Pointe Apartments at 100 Commercial Park Court in Maumelle for $25.2 million.

Seller: Maumelle Housing Associates LLC, an affiliate of Maxus Properties in North Kansas City, Missouri.

Five-Piece Deal

Did you hear about five Colorado-based investor groups teaming up to buy five downtown Little Rock projects in deals totaling more than $18.7 million?

Map of apartment building sold downtown

The properties, featuring 123 apartments and two restaurants, were:

 The Clayton on Scott, with 48 units at 915 Scott St., more than $7 million.

 The Row at Legion Village, 36 units at 516 Rock St., nearly $4.8 million.

 Mann Lofts, 19 units and Bruno’s Little Italy at 310 Main St., more than $3.2 million.

 Arkansas Democrat Lofts, eight units and Three Fold Noodle at 615 Main St., more than $2 million.

 Magnolia Flats, 12 units at 401 E. Capitol Ave., nearly $1.6 million.

The buyers in all five transactions involved three similarly named limited liability companies in Denver and ones in Littleton and Boulder. The sellers in all five deals were LLCs, led by Chris Moses.

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