By: Paul Gatling
Source: https://talkbusiness.net/2020/02/real-deals-apartment-deals-in-rogers-top-a-combined-92-million/
A Missouri-based real estate company recently paid $55.99 million for a 426-unit multifamily asset east of Interstate 49 in Rogers. The purchase price equals $131,443 per unit.
Limited liability companies controlled by Block Real Estate Services in Kansas City, Mo., bought the 20.2-acre Woodland Park development at 4000 S. Dixieland Road, north of Pleasant Grove Road. The craftsman-style development features two- and three-bedroom townhomes with and without garages and one- and two- bedroom flats. Sizes range from 720 square feet to 1,513 square feet. The property includes a clubhouse, fitness center, playground and resort-style swimming pool.
Woodlandparkgrove LLC, an entity controlled by Orchard Properties of Fayetteville, was the seller.
The sale was backed with a 10-year Freddie Mac loan of $42.01 million from NorthMarq Capital LLC of Minnesota.
City Title & Closing of Fayetteville was the title agent.
Full Article Available At: https://talkbusiness.net/2020/02/real-deals-apartment-deals-in-rogers-top-a-combined-92-million/
