392 Unit Class A apartment community in Bentonville/Rogers, AR

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392 Unit Class A apartment community in Bentonville/Rogers, AR

About this property

Units:
392

Acquired Year:

2015

Date Sold:

January 2019

Equity Multiple:

1.55x

IRR:

13.04%

99% leased apartment complex purchased in a growing submarket (headquarters of Walmart).  Purchased at 12% discount to market value. Projected average 8% cash yield. Developed in 2007.

SOLD IN Q1 2019