BSR REIT
BSR Acquires Two Houston Apartment Complexes for $141M
The transaction is part of the company's effort to reshape its portfolio in its core Texas market. read more >
BSR Sells Oklahoma City Apartment Complex for $28.3M
The Little Rock-based real estate investment trust said proceeds from the sale will initially be used to pay down the company's revolving line of credit. read more >
BSR’s New Texas Development Weighs on Q4 Results, but Operating Income Rises for Full Year
The company also announced the hiring of Tom Cirbus as CFO. He spent the past 11 years in the investment banking division of Wells Fargo. read more >
BSR Positions Itself for Growth — or a Sale — Through $619M Deal With AvalonBay
The deal includes a change in shareholder power that BSR believes will make it more attractive to investment partners or prospective buyers. read more >
by Scott Carroll -
BSR’s Operating Income Dips 1.9% in Q3
The company attributed the decrease in part to initial operating expenses for a property under development. read more >
BSR’s Q2 Operating Income Rises 4.6%
Operating expenses fell in the quarter on lower professional fees and lower real estate tax assessments on the company's multifamily properties in Texas. read more >
BSR Operating Income Rises 4.4% in Q1
Concerns have been raised about an influx of new apartments in the REIT's key markets, but the company said it's weathering the storm. read more >
BSR Reports Falling Q4 Operating Income, Leadership Changes
The Little Rock-based real estate investment trust's initial guidance for 2024 predicts slower growth. read more >
BSR Operating Income Rises 11.7% in Q2
CEO Dan Oberste said the REIT is well positioned to capitalize on new growth opportunities. read more >
BSR Operating Income Rises 16% in Q1
Another key performance metric, adjusted funds from operations, rose nearly 19%. read more >
BSR Reports Leadership Changes, Higher Operating Income in Q3
Blake Brazeal, BSR's co-president and chief operating officer since 2004, is retiring at the end of the year. read more >
BSR’s Net Operating Income and Revenue Rise in Q2
Weighted average rent was up 17% compared to the same quarter a year ago. read more >
BSR Reports Net Operating Income and Revenue Up in Q1
Dan Oberste, president & CEO of the real estate company, said results reflected strong rent growth. read more >
With Eye on Growth, BSR Announces $100M Bought Deal Offering
The company says the deal will help it pay down debt and fund acquisitions. read more >
Arkansas Dealmaking Down 17% in ’21
The number of the biggest deals in Arkansas worth $10 million or more rose to 95, an increase of 12% compared with the 85 big deals in 2020. read more >
by Jan Cottingham -
BSR Real Estate’s Net Operating Income Rises in Q4, Full Year
The figure for the fourth quarter was $18.7 million, up nearly 24% from a year ago. read more >
BSR REIT Sells Final NWA Property for $49.5M
BSR Real Estate Investment Trust of Little Rock sells Mountain Ranch Apartments in Fayetteville, its last property in northwest Arkansas, for gross proceeds of $49.5 million. read more >
BSR Buys Texas Apartment Complex for $51.6M
BSR Real Estate Investment Trust has acquired for $51.6 million the Retreat at Wolf Ranch Apartments, a 303-suite, garden-style residential community in Georgetown, Texas, and in the Austin Metropolitan Statistical Area. read more >
Syer Hired at Butterfield Trail (Movers & Shakers)
Kelly Syer has joined Butterfield Trail Village as its new director of marketing in Fayetteville. read more >
Biggest Deals of 2019 See Values Plummet 85%
The value of big deals in Arkansas plummeted 85% in 2019 compared with the previous year, dropping to $7.9 billion compared with a stratospheric $53.9 billion in 2018. read more >
by Jan Cottingham -