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The Ridge at Chenal Valley Sold for $45.5MLock Icon

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Apartments in Little Rock, Conway and Jacksonville are joined by a big home in west Little Rock and a rural retail destination in Lonoke County to form this week’s parade of million-dollar real estate deals.

► Chenal Valley Partners LLC, an affiliate of Covenant Capital Corp. of Nashville, Tennessee, acquired The Ridge, a 312-unit apartment complex at 5400 Chenonceau Blvd. in west Little Rock.

The seller in this $45.5 million transaction was MAA Arkansas REIT LLC, an affiliate of MAA in Germantown, Tennessee.

► University Park Property Investors LLC, an affiliate of Canyon View Capital of Santa Cruz, California, sold its namesake 158-unit apartment project at 1025 S. Donaghey Ave. in Conway for $8.8 million.

Buyers? Towers Manor SPE LLC and Chen Manor SPE LLC, affiliates of Canyon View Capital.

► LSC TWA I LLC, an affiliate of C&W Ventures of Midland, Texas, bought the 56-unit Timberwood Apartments at 207 S. Hospital Drive in Jacksonville for $2.6 million.

Seller: Timberwood of Jacksonville LLC, led by Darrell Robinson.

► Chad and Lindsay Wilkerson purchased a 7,086-SF home in the Sologne Circle neighborhood of west Little Rock’s Chenal Valley development from the Brenda & Harry Herget Family Living Trust for $1.3 million.

► George T. Spiropoulos and Voula Spiropoulos Revocable Trust and the George Spiropoulos Marital Deduction Trust acquired the Dollar General store at 9135 Hwy. 31 in Lonoke County in an 84%-16% ownership split for $1.1 million.

Seller? PB General Holdings (Lonoke) LLC, led by Leonard Boen.

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