A 242-unit operational turnaround under contract in Little Rock, in a low-supply market where affordability is the binding constraint.
The opportunity
Sherwood Park is a 242-unit apartment community in Little Rock, Arkansas, under contract at $13.25 million with an expected closing in the fourth quarter of 2026. Little Rock is a low-supply market where the key constraint is affordability rather than demand, which makes well-run workforce housing durable.
The business plan
This is an operational turnaround focused on improving the tenant mix, tightening collections, and bringing management discipline to a property that has been under-managed. The plan is underwritten on operations, not on market rent growth.
Status
Under contract. Direct Commercial Acquisitions will serve as key principal and general partner with responsibility for asset management and investor relations. Pipeline transactions remain subject to diligence, capitalization, closing, funding, and other transaction conditions.