REBusinessOnline

Global Net Lease Acquires Walmart Learning Center in Bentonville, Arkansas for $40.6M

BENTONVILLE, ARK. — Global Net Lease Inc. (GNL) has acquired the Walmart Learning Center, a 90,000-square-foot training and development center in Bentonville that is leased to Walmart Inc. The sales price was $40.6 million.The Walmart Learning Center serves as the primary digital and onsite training and development facility for Walmart associates. The retail giant has seven years of remaining lease term at the

Walmart Plans to Hire 150,000 Associates in Preparation for Holiday Season

BENTONVILLE, ARK. — Walmart, a Bentonville-based discount retailer, has released plans to hire approximately 150,000 new store associates, with most of the job positions being permanent and full-time. The retailer wants to hire new employees ahead of the holiday season to ensure its stores are highly staffed for the predicted busy months.This July, the discount retailer announced it will invest approximately $1 billion over the next five years to pay college tuition and books for …

Colliers Mortgage Arranges $11.3M Acquisition Loan for Pointe North Hills Apartments Phase II in North Little Rock, Arkansas

NORTH LITTLE ROCK, ARK. — The New York office of Colliers Mortgage has arranged an $11.3 million Fannie Mae loan for the acquisition of The Pointe North Hills Phase II, an 86-unit, market-rate apartment community in North Little Rock.The pet-friendly property was constructed in 2020 and shares resort-style amenities with Phase I of the property, including a 24-hour fitness center, pool, two private movie theaters, virtual fitness studio and sports simulator lounge.The borrower is The …

Cushman & Wakefield Secures $73M in Acquisition Financing for Two Student Housing Properties in Arkansas, Florida

FAYETTEVILLE, ARK. AND TALLAHASSEE, FLA. — Cushman & Wakefield has secured $73 million in acquisition financing for two student housing properties in Arkansas and Florida. The borrowers, GFH Financial Group and Student Quarters, received the fixed-rate financing for VOX in Tallahassee and The Avenue in Fayetteville. Guardian Life Insurance provided the seven-year financing.VOX is a 602-bed student housing property serving Florida State University. Completed in 2020, the property …

DLP Capital Acquires 200-Unit Affordable Housing Community in Jonesboro, Arkansas

JONESBORO, ARK. — DLP Capital has acquired Stadium Place, a 200-unit affordable housing property located in Jonesboro. The addition of the community increases the number of DLP Capital-owned apartment homes in the greater Memphis area to 568 units. The sales price and seller were not disclosed. The buyer plans to rebrand the property as DLP Jonesboro.Built in 2000, DLP Jonesboro includes one-, two- and three-bedroom units across 10 buildings. Community amenities include a swimming pool, …

Walmart to Hire 20,000 New Supply Chain Employees Following Revenue Growth in Fiscal Second Quarter 2021

BENTONVILLE, ARK. — Walmart Inc. plans to hire 20,000 more supply chain employees in order to keep up with the retailer’s recent growth. Walmart released a statement a few weeks ago saying that the company saw an increase in revenue by 2.4 percent year-over-year in its fiscal second quarter of 2021, which ended on July 31.The new employees will be hired across more than 250 Walmart and Sam’s Club distribution centers, fulfillment centers and transportation offices. The Bentonville, …

Walmart Sees Increases in Second-Quarter Revenue Due to E-Commerce, Grocery Shopping

BENTONVILLE, ARK. — Bentonville, Ark.-based Walmart Inc. (NYSE: WMT) has seen an increase in revenue during its fiscal second quarter of 2021, which ended on July 31. Walmart’s total revenue was $141 billion, an increase of 2.4 percent year-over-year.According to Refinitiv, the discount retailer’s earnings per share was $1.78 adjusted, while it was expected to be $1.57, and the company’s revenue was $141.05 billion, higher than the $137.17 billion expected. The retailer revised its …

Aspen Heights, Platform Ventures Open 202-Unit Student Housing Community Near University of Arkansas

FAYETTEVILLE, ARK. — Aspen Fayetteville, a 202-unit student housing community located less than one mile from the University of Arkansas campus in Fayetteville, has opened ahead of schedule. Austin, Texas-based student housing developer and owner Aspen Heights developed the property and will manage it on behalf of the owner, an entity affiliated with Platform Ventures.Located on Beechwood Avenue, Aspen Fayetteville offers a mix of two-, three- and four-bedroom units that are fully …

Colliers Mortgage Provides Refinancing for Two Metro Little Rock Apartment Communities

MAUMELLE, ARK. — Colliers Mortgage has provided two separate Fannie Mae Loans for the refinancing of Bay Pointe Apartments and Millwood Apartments, two multifamily communities located about 16.6 miles north of Little Rock in Maumelle. Together, the two loans totaled $2.4 million. The borrower(s) for the two refinancing transactions was not disclosed.Built in 1986, Bay Pointe Apartments includes 65 units located throughout four two-story apartment buildings, as well as a one-story …

Cushman & Wakefield Arranges $63.3M Sale of The Fitzroy Chenal Apartments in Little Rock

LITTLE ROCK, ARK. — Cushman & Wakefield has arranged the sale of The Fitzroy Chenal, a 294-unit apartment community in Little Rock. The final price was $63.3 million or $215,306 per unit. Martin Bynum and Craig Hey of Cushman & Wakefield represented the seller, Huffman & Co., in the transaction. Passco Cos. was the buyer of the property. Estage is in charge of management.Constructed in 2018, the Fitzroy Chenal is located at 15401 Chenal Parkway and was 98 percent occupied as …

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