Landmark Apartments

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16000 Rushmore Avenue
Little Rock, AR 72223

Acquisition Date: 2/28/2023
Property Type: 196 Units
Property Manager/Leasing Agent: Heather Litzsey

Landmark Apartments is a garden-style, multifamily asset comprising 196 total units
across 8 three-story buildings situated on nearly fourteen acres, about 20 minutes west of
Downtown Little Rock, Arkansas. Built in 2017, the property is in excellent condition requiring little to no immediate capital expenditures. A new owner can reap the benefits of continued consistent rent growth and property cash flow for the foreseeable future.

Located within a few miles of four existing CVC properties totaling 857 units, this investment provides an opportunity to minimize expenses with shared staff and promote
cross-property leasing. The asset also benefits from its excellent location, just a short drive from Downtown Little Rock in West Little Rock, an affluent western suburb. The average household income near the property is over $100k, significantly higher than the $75k average for the Little Rock MSA. Eighty-three percent of the employees work in a white-collar job. (Source: ESRI)

With an excellent school system, affordable cost of living, abundant natural amenities, and proximity to major employers in the Little Rock metro, Landmark Apartments presents an exceptionally lucrative investment opportunity.

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