Dallas firm acquires LR’s Summit House
The Goodman Group of Chaska, Minn., sold the Summit House Apartments this month for $10.8 million, Berkadia Real Estate Advisors said Friday in a news release.
Berkadia, a New Yorkbased joint venture of Berkshire Hathaway and Leucadia National Corp., represented Goodman in the deal. Patrick Jordan, senior director of Berkadia’s Memphis office, and Alex Blagojevich, managing director of the Chicago office, negotiated the sale.
The buyer was Summit House LLC, an affiliate of davis RE of Dallas.
The property was appraised at $8.4 million.
The apartments are at 400 N. University Ave. in Little Rock, near the intersection of University and Markham Street.
Built in 1963, the 165-unit, 14-story complex has 22 studios, 38 one-bedroom units, 70 two-bedroom units and 35 three-bedroom units.