FORT SMITH, Ark.--(BUSINESS WIRE)--Please replace the release with the following corrected version due to multiple revisions.
The corrected release reads:
ANDMARK AND TRINITY EXPAND THEIR ARKANSAS PRESENCE
The California-based AndMark Management Company and their Arkansas-based partner Trinity Multifamily have teamed up to acquire 3 assets representing 212 units in Arkansas
AndMark Investment Fund III purchased Crown Ridge of Fort Smith, a 60-unit Class B asset in Fort Smith, as well as Crown Ridge, a 56-unit Class B asset in Fayetteville. AndMark Investment Fund IV purchased Eastwood Apartments, a 96-unit Class C asset in Jacksonville, AR. These properties will be managed by Trinity Multifamily, who manages most of AndMark’s thirty plus properties throughout the Midwest.
Dave Pinson, President and CEO of Trinity Multifamily, said, “All three markets represented in these transactions demonstrate strong fundamentals and we are always excited to add properties to our Arkansas Portfolio.”
About Trinity: Founded in 2004, Trinity Multifamily offers a group of real estate companies engaged in the development, management and acquisition of residential and commercial real estate. Their property management team combines the experience of ownership, development and management of multifamily apartment communities with their expertise in marketing, leasing, sales and renovation to maximize long term profitability for close to 16,000 units in 9 states. Further information about Trinity can be found at www.trinitymultifamily.com.
About AndMark: AndMark Management Company manages several private equity funds that invest exclusively in Class B and C workforce housing in secondary and tertiary markets in the United States. Further information about AndMark is available at www.andmarkfunds.com.
