Deal Spotlight: Inside a 141-Unit Arkansas Multifamily Portfolio

Guest:
Bryce Richardson
Host: 
Logan Freeman, Managing Broker, Midwest CRE Advisors

In this Deal Spotlight episode of The Kansas City Market Pulse, host Logan Freeman sits down with Bryce Richardson, President of Commercial Sales at Brick Real Estate, to break down a 141-unit, three-property multifamily portfolio in Monticello, Batesville and Warren, Arkansas.

The thesis: secondary and tertiary markets can deliver risk-adjusted returns when done right.

Episode Highlights:

  • Arkansas Snapshot: About 3.1 million people statewide, with only one city above 100,000.
  • Three Markets: Park Apartments in Monticello, a Batesville property and Warren Apartments.
  • Stable Occupancy: Warren Apartments is at about 94% occupancy.
  • Utility Recapture: Moving from master meters to RUBS or individual metering is a big NOI lever.
  • Operational Value-Add: Upside from operations rather than a major renovation program.

Small markets, workforce housing and operational upside. A deep dive for multifamily investors.

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