Updated Aug 20, 2026
Moses Tucker Partners Acquires Former La Quinta Inn In Little Rock For $7.8M As Student Housing
617 South Broadway Street
$7,800,000
Units
261
Asset Type
Student Housing
Closing
Aug 18, 2026
About this deal
AI
The asset involved in this transaction is a 12-story property located at 617 South Broadway Street in Little Rock, AR, formerly known as La Quinta Inn & Suites. It consists of 261 units and is being converted into student housing for Arkansas Baptist College. The sale price for this property was $7,800,000, with a per unit price of $29,885.
Summary of transaction details:
- Property Type: Student Housing
- Transaction Amount: $7,800,000
- Units: 261
- Price Per Unit: $29,885
- Broker: George Friedmann - Moses Tucker Partners
A Moses Tucker Partners-led LLC is responsible for the acquisition of the property with plans to repurpose it for educational housing purposes. George Friedmann represented the buyer in this transaction.
Little Rock Student Housing Market Snapshot
Boundary boundary · Student Housing · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93