Canyon View Capital Acquires Landmark Apartments II LLC For $78.8M

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.