Canyon View Capital Acquires Landmark Apartments II LLC For $78.8M | 16000 Rushmore Avenue | Martin Bynum, Cole Herget | MultiFamily | Sale

Summary

Sale

ARKANSAS

MultiFamily

The sale involved Landmark Apartments, a 372-unit multifamily complex located at 16000 Rushmore Avenue in Little Rock, AZ. The property was sold for $78,800,000 with a price per unit of $211,828.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $78,800,000
Units: 372
Address: 16000 Rushmore Avenue
Market: Little Rock, AZ

Cole Herget & Martin Bynum of Cushman & Wakefield served as the brokers in the transaction, facilitating Canyon View Capital's acquisition of Landmark Apartments for $78.8 million. Canyon View Capital purchased the property in two phases, initially acquiring it for $40.3 million in February 2023 and finalizing the transaction with an additional $38.5 million in February 2024.

Players

All
3

Agents
2
Agencies
1

$142.1M Sold

$78.8M Sold

Details

Deal Summary

SOLD

IMAGE: 03/25/2024 ADDRESS: 16000 Rushmore Avenue MARKET: Little Rock, AZ ASSET TYPE: Multifamily BUYER: Canyon View Capital SELLER: Landmark Apartments II LLC BROKERS: Cole Herget & Martin Bynum - Cushman & Wakefield SALE PRICE: $78,800,000 UNITS: 372 ~ PPU: $211,828 NOTE: Cushman & Wakefield facilitated the $78.8 million sale of Landmark Apartments, a 372-unit multifamily complex in Little Rock, with Canyon View Capital acquiring the property in two phases for $40.3 million and $38.5 million in February 2023 and February of this year, respectively.

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Address16000 Rushmore Avenue

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