Updated Sep 30, 2026
SOLDMultiFamily
Arkansas LLC Managed By Gurmeet Josan Acquires Fitzroy Grove Multifamily In Rogers For $51.85M
2950 S Fitzroy Pl
$51,850,000
$165/SF
Building Size
314,000 SF
Asset Type
MultiFamily
Closing
Sep 28, 2026
About this deal
AI
The property asset involved in this transaction is a multi-family apartment complex located at 2950 S Fitzroy Pl, Rogers, AR. The complex, known as Fitzroy Grove, comprises 250 luxury units and offers a total of 314,000 square feet of space. The sale was finalized for a price of $51.85 million, translating to a price per unit of $207,400 and a price per square foot of $165.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $51,850,000
- Square Footage: 314,000
- Price per Square Foot: $165
- Number of Units: 250
- Price per Unit: $207,400
- Broker Representatives: Craig Hey, Andrew Brown, Cole Herget, Ben Thomas & Landers Moss - Cushman & Wakefield
- Buyer: Arkansas LLC managed by Gurmeet Josan
This transaction highlights the involvement of multiple brokers from Cushman & Wakefield who represented the sale. The leadership of the Arkansas LLC is under Gurmeet Josan, indicating a structured management for the newly acquired asset in the market of Rogers, AR.
On the Map
$51,850,000
$165/SF
MultiFamily
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Players
Rogers MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93