Ranch at Pinnacle Point in Rogers.
A strong rental market in Benton County has attracted a sizable investment from a pair of out-of-state real estate companies.
A joint venture between Balfour Beatty Communities of Pennsylvania and Block Multifamily Group of Missouri has purchased the Ranch at Pinnacle Point development in Rogers for $41.1 million. The property is just west of Village on the Creeks off Stoney Brook Road.
"The Rogers, Arkansas, rental market is proving to be quite strong as a result of regional job and population growth, making this acquisition a perfect fit with our multifamily strategy," Chris Williams, president of Balfour Beatty Communities, said in a news release. "We are quite pleased to enter this new geographic market for our business and partner with Block Multifamily to deliver a quality, high-performing... [ MORE ]