Add a Beverly Hills-based investment firm to the list of those seeking to capitalize on the growth of Northwest Arkansas.
And this particular strategy involves making the private company a major player in the multifamily real estate market — in two years.
RPD Catalyst LLC, a $350 million dollar company which invests in real estate assets throughout the country, added to its growing portfolio of multifamily properties by acquiring a development on the west side of Springdale for $7.15 million.
RPD Catalyst LLC paid $52,573 per unit for the 136-unit The Vineyards at Jones Road development at 7263 Napa Valley Lane, just off Jones Road near Har-Ber High School.
The purchase was made in the name of Catalyst Vineyard LLC. Arbor Commercial Mortgage LLC, a Fannie Mae loan originator, provided... [ MORE ]