Little Rock, AR- Sandhurst Apartment Management (“SAM”) has announced the purchase of four multi-family apartment communities in Little Rock MSA. The 728-unit value-add portfolio includes:
Governor’s Park Apartments: A 154-unit garden style community situated in 14 two-story brick buildings. The property features in-unit fireplaces, 9 ft ceilings, and gated entry/exit points. Governor’s Park is surrounded by ED’s and Med’s and is within 2-miles of 20,000 jobs at University of Arkansas, Baptist Medical Center, St. Vincent Health System and the Pulaski County School District. The property was built in 1985.
Pleasant Ridge Apartments: A 200-unit garden style community situated in 20 two-story buildings. Pleasant Ridge is located adjacent to the Pleasant Ridge Town Center which features popular shopping, dining and entertainment venues. The property was built in 1984.
Pleasant Valley Pointe: Adjacent to Pleasant Ridge Apartments, Pleasant Valley Pointe is a 112-unit garden style community situated in 18 two-story buildings. The property is within walking distance to the Pleasant Ridge Town Center and is also within a 10-minute drive to major employers, such as Windstream Corporate Headquarters, St. Vincent Health System and the University of Arkansas. Pleasant Valley Pointe was built in 1986.
Riverwalk Apartments: A 262-unit garden style community situated in 14 buildings along the Arkansas River. Riverwalk’s key demographic is young professionals, as the property is located in close proximity to major corporate employers such as Dillard’s, Verizon Wireless and Acxiom. The property was built in 1987.
SAM is pleased to purchase four assets in Little Rock, making this its first ownership entry into the state of Arkansas. The acquisition closed in June 2016. With easy access to local highways, strong retail and dining presence and the close proximity to major employers, the properties in the Little Rock Portfolio are situated in excellent locations. As Little Rock has maintained its stability and continues to be a growing capital city, this acquisition proves to be consistent with our strategy of buying assets located in growing submarkets with strong demographics, excellent school systems and steady economic growth.
ABOUT SANDHURST APARTMENT MANAGEMENT (“SAM”)
Sandhurst Apartment Management is a forward-thinking, time tested group that provides a wholly integrated package of property management services, including on-site asset management, construction supervision and due diligence. Our success is rooted in our thoroughly vetted, value-add property investments that provide high-quality rental apartments in good school zones with attentive,hands-on-property management. Sandhurst owns and manages assets in 9 states totaling almost 8,700 units.