Fayetteville-based real estate investment firm Caisson Capital Partners recently purchased an 184-unit apartment complex in Little Rock for $20.25 million. The purchase price equals $110,054 per unit.
According to a news release, the acquisition of Parham Pointe Apartments expands the company’s attainable housing portfolio. The apartments are in Little Rock’s medical corridor, home to seven hospitals and a growing workforce of more than 25,000 professionals.
Built in 2003, Parham Pointe Apartments offer nine-foot ceilings and floorplans averaging more than 1,000 square feet. The release shows Caisson plans to improve the apartments by adding in-unit washers and dryers, stainless steel appliances and upgraded community amenities…