CARMEL, INDIANA (December 17, 2021) – Lauth Communities, a wholly-owned subsidiary of Carmel-based Lauth Group, Inc, completed its newest multifamily acquisition, Sycamore Heights Townhomes. Located at 1481 Aspen Avenue, Springdale, Arkansas. the property was built in 2021 and features 157-units on a 19.43-acre site.
The Class-A property offers residents a high-end amenity package including private one and two car garages, a resort style swimming pool with a covered pavilion, a grilling area and children’s playground. The two- and three-bedroom floorplans range in size from 1,176 SF to 1,573 SF and feature two-story living, 9’ ceilings, quartz countertops, stainless steel appliances, tile backsplashes, and vinyl plank flooring. Each unit also includes a full-size washer and dryer.
Complete property details are available through the leasing website, sycamoreheightstownhomeliving.com.
Ben McKay, associate with Newmark of Oklahoma and Arkansas represented the seller. Acquisition financing was provided by Merchants Capital represented by Brian Shelbourne and Mike Dury. Legal representation was provided by David Adams and Matt Malcolm of Krieg DeVault LLP in Carmel, IN and Michael Valinetz, Dinsmore & Shohl LLP in Indianapolis, IN.
With the addition Sycamore Trace Townhomes to its multifamily portfolio, Lauth Communities has grown to $245 million in assets with over 1,600 units under management and ownership. It owns properties in Indiana, Kentucky, and Arkansas.
About Lauth Communities
Lauth Communities, a division of Lauth Group, Inc., was established in 2014. Backed by more than four decades of real estate investment experience, Lauth Communities focuses on the acquisition and management of high-quality apartment communities in strategically selected Midwestern markets and currently owns and manages more than 1,600 units. Committed to creating a best-in-class experience for its residents, associates and investors, Lauth Communities strives to provide a valued investment in the communities it serves.