Mountain Ranch Apartments in Fayetteville (Provided by BSR REIT)
BSR Real Estate Investment Trust of Little Rock on Monday sold Mountain Ranch Apartments in Fayetteville, its last property in northwest Arkansas, for gross proceeds of $49.5 million.
The publicly traded REIT said the sale price reflects a 27.2% increase in asset value since its IPO in May 2018. The company said it will use the proceeds in targeted primary markets where it has established scale. The northwest Arkansas market is strong, BSR CEO John Bailey said in a news release. Reversion values continue to be attractive and, given our lack of scale there, it made sense to continue to capitalize on the current market conditions, with a view to maximizing unitholder return.
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Depending on federal and state guidance at the time of the concerts in July, the village has contingency plans in place that would require less or more restrictions for those attending the concerts, according to village documents. The village is also still discussing whether to allow food trucks or the sale of food on site, Kumbera said Monday.
Each of this year s Thursday concerts will run from 7 t0 8:30 p.m. at Towne Park. Here is a look at this year s lineup:
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July 8: Ethan Bell Band Country
July 15: The Flat Cats Jazz
July 22: Johnny Russler & the Beach Bum Band Caribbean
Towne Health Mobilizes to Support COVID-19 Vaccination Efforts Nationwide yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Send BSR Real Estate Investment Trust of Little Rock announced Tuesday that it has sold Towne Park at Har-Ber Apartments in Springdale for $31.7 million, 9.7% more than what the REIT paid for the complex in October 2018.
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The Franklin Johnston Group | The Roaring 20 pilotonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pilotonline.com Daily Mail and Mail on Sunday newspapers.