A new apartment complex in Springdale has been acquired by Minneapolis-based real estate group Timberland Partners and has been rebranded as The Bowie.
Terms of the deal were not released but the estimated sale price was $43 million, according to county records.
"The NWA market has been on a tear and it has been fun to be a part of since we entered the market in 2019," Brad Swenson, acquisition specialist for Timberland, said in a statement. "The Bowie is well located off I-49, next door to Arvest Ballpark, and down the street from Arkansas Children's Northwest Hospital which will be undergoing a large expansion."
The 234-unit apartment community at 3400 Gene George Blvd., features a variety of one and two-bedroom floor plans, a fitness center, outdoor pool and barbecue areas. It was formerly known as Pure Springdale.
Timberland Partners has a portfolio of 93 communities in 17 states with over 20,000 apartment units, according to the company.