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RREAF Holdings Executes Disposition of Little Rock Apartments
RREAF Holdings LLC, a real estate investment and development management firm, has successfully executed the sale of Beacon Hill Apartments, a 168-unit, value-add property located in Little Rock, Arkansas.
The disposition delivered strong results to equity investors with an over 2.5x equity multiple and an overall internal rate of return in excess of 25%. Located at 1801 Reservoir Road, the property was purchased by Colorado-based Monarch Investment & Management Group for $11 million.
Beacon Hill was part of the Southeast Portfolio I, a four-asset multifamily portfolio that RREAF acquired in 2018. Since closing the portfolio, RREAF has acquired over 13,500 units through three unique portfolio vehicles, specific to markets in the Sun Belt and Southeast regions.
“The successful disposition of Beacon Hill stands as a testament to the strength and resilience of RREAF’s ability to execute throughout the lifecycle of an asset,” said Kip Sowden, CEO of RREAF Holdings.
