Vantage Point Apartments.
A 228-unit apartment complex in Little Rock’s Riverdale area tipped the scales at $11 million.
Freg Vantage Point Associates LLC, an affiliate of Versus Capital Group of Denver, sold Vantage Point Apartments at 2300 Rebsamen Park Road.
The buyers are MIMG LXXI Vantage Point LLC of Franktown, Colorado, 69.2 percent; Elevation 300 LLC of Greenwood Village, Colorado, 21.7 percent; and GIMA 15-1 LLC of Iowa City, Iowa, 9.1 percent.
The deal is financed with an $8.25 million loan from KeyBank of Cleveland. The 8.3-acre development previously was tied to an October 2011 mortgage of $8.8 million held by Citibank of Sioux Falls, South Dakota.
Freg bought the project for $11.5 million in June 2012 from 2300 Rebsamen Associates LLC of New York.
Argenta Acreage
About 347 acres in North Little Rock changed hands in a $682,165 transaction. QRC LLC, led by John Burkhalter, purchased the land north of MacArthur Drive between Trapp Road and Birmingham Lane from BOTO-AR Properties LLC, an affiliate of Little Rock’s Bank of the Ozarks.
The deal is backed with a two-year loan of $700,000 from First Service Bank of Greenbrier.
Bank of the Ozarks entered the ownership picture in December 2010. The property previously was linked with a March 2010 mortgage of $2.9 million held by the bank.
Jeffrey Quarry Ltd., led by Rex Robertson forfeited the property in lieu of foreclosure. Robertson acquired most of the land in March 2006 in a $1.44 million deal with Nabholz Properties Inc., led by Charles Nabholz.
PV Residence
A 3,900-SF home in west Little Rock’s Pleasant Valley neighborhood rang up a $569,000 sale.
Michael and Courtney Childers bought the house from Robert and Karman Fegtly.
The deal is funded with a 30-year loan of $417,000 from Bank of the Ozarks.
The residence previously was tied to an April 2013 mortgage of $338,361 held by Wells Fargo Bank of Sioux Falls, South Dakota.
The Fegtly family purchased the property for $380,000 in August 2001 from Kristopher and Denise Shewmake.
Pharmacy Mortgage
The owner of a 14,460-SF Walgreens in Jacksonville picked up a $2 million funding agreement.
Labelle Jacksonville LLC of Menomonie, Wisconsin, obtained the 10-year loan from Associated Bank of Green Bay, Wisconsin.
Labelle acquired the 1.63-acre development at 819 W. Main St. for $4.8 million five months ago from CGIBBS LLC of Oakland, California.
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