Atlanta & Southeast + Southeast + Apartments | May 26, 2021

CushWake Brokers Sale of Two-Property MF Portfolio in Arkansas

Cushman & Wakefield has arranged the sale of Country Meadows and Cottages of Fort Smith, two apartment communities in Arkansas. The sales price was not disclosed.

Country Meadows, located in Searcy, was built in 1998 and includes 224 units. Cottages of Fort Smith, located in Fort Smith, was built in 2005 and consists of 72 units. Both properties include largely brick exteriors, duplex-style floor plans and 100% ground floor entry at Cottages of Fort Smith.

Martin Bynum and Craig Hey of Cushman & Wakefield represented the seller, Canyon View Capital, in the transaction. The buyer was Oakwood Capital.

“Both assets are situated within fantastic submarkets and continue to display strong growth trends,” said Bynum. “Strategically located along the Arkansas River, the Fort Smith and Little Rock MSAs benefit from robust transportation and logistics, healthcare, and higher education sectors.”

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CushWake’s Bynum

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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