From KATV.com:
“An 11.7-acre development in Tontitown that includes an apartment complex and duplexes was sold on Dec. 8 for a combined $20.25 million.
In separate deals, 153 Apartments LLC of Springdale, led by Trevor and Christina Shakiba of Houston, acquired the development at Klenc Road and U.S. Highway 412 in Tontitown. The apartments and duplexes have been consolidated into one development, The Reserve at Tontitown.”
https://katv.com/news/local/texas-investors-pay-202-million-for-tontitown-development
Latest coverage of Shakiba Capital’s newest acquisition, Silos on the Square in Springdale, Arkansas, comes from TalkBusiness.net: “A120-unit multifamily community under construction in Springdale sold recently for $18.3 million. The purchase price equals $152,500 per unit. Houston-based private equity real estate firm Shakiba Capital bought the 10-acre Silos on the Square development located in an […]
Sale of the Flats on Archer to Shakiba Capital Sets Record Price per Unit By Samuel Spangler Shakiba Capital, a private equity real estate investment firm based in Houston, made its fourth property acquisition in the Tulsa region, buying the Flats on Archer apartments for $17.4 million. Built-in 2018, the 62-unit, five-story rental apartment building is located at the […]