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Texas Group Lassoes 165 Homes in Central ArkansasLock Icon

1 min read

A Texas group came shopping in central Arkansas and spent $39.6 million for 165 houses scattered across five counties.

The buyer is NexPoint SFR SPE I LLC, an affiliate of NexPoint Advisors in Dallas. We’re led to believe the venture is part of a real estate investment trust focused on building a portfolio of single-family rental properties. Seller: Four affiliates of Fayetteville’s American Residential Group, led by David Frye.

Here’s the breakdown of where NexPoint’s properties are:

► 47 in the Graham Woods neighborhood of Jacksonville

33 in the Southern Comfort Estates neighborhood of Cabot

► 22 in the Trammel Gardens neighborhood of Sherwood

18 each in the Faulkner Crossing neighborhood of North Little Rock and the Valley Ridge neighborhood of Shannon Hills

13 in the Bear Paw neighborhood of Sherwood

► Four in the Stonehenge Place neighborhood of Cabot

► Three each in the Chapel Creek neighborhood of Benton, and the Matthews Meadows neighborhood of Conway

► Two each in the Terrace Meadows neighborhood of Beebe and the Baywood neighborhood of Greenbrier.

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