A two-story, 192-unit apartment complex east of Interstate 49 in Springdale recently sold for $27.25 million. The purchase price equals $141,927 per unit.
Fayetteville-based real estate investment firm Caisson Capital Partners bought The Life at Elmwood Grove on 10.03 acres at 770 S. 40th St., north of West Sunset Avenue (U.S. Highway 412). The apartments will be renamed 412 Crossing. The seller was New York-based multifamily property investment firm Olive Tree Holdings.