Block Real Estates Services Acquires 112-Unit Multifamily Community in Johnson, Arkansas

JOHNSON, AR - Block Real Estate Services, is pleased to announce that an investment group led by Ken Block recently acquired the Fieldstone Apartments, a 112-unit multifamily community in Johnson, Arkansas. The same group owns The Woods at Johnson Mill, a 120-unit property adjoining Fieldstone.

Located in Johnson, Arkansas, the Woods at Johnson Mill Apartment Homes is a luxury community that provides comfortable living lifestyles. The Woods at Johnson Mill Apartments features spacious and contemporary homes with practical interior amenities such as walk-in closets, covered parking, and a washer and dryer in every unit. Just steps from your door, you can soak up the sun at the resort-style pool, get in your workouts at the fitness center, or chat with friends at the clubhouse with a pool table. The Woods at Johnson Mill Apartments puts you in the center of everything, with easy access to the freeways, great shopping, restaurants and entertainment.

Block Multifamily Group will operate both properties under The Woods at Johnson Mill name. The purchase provides economies of scale for operations and adds to the BRES multifamily footprint in Northwest Arkansas. BRES plans to add 600 to 800 units in Northwest Arkansas over the next three to five years.

Block Multifamily Group (BMG) provides multifamily management services in a wide geographic area. Our de-centralized management, coupled with a centralized financial center, enables our staff to provide proactive property management services in a timely manner. Effectively managing our clients' needs is the focal point of our operating philosophy. Covering conventionally-financed multifamily assets as well as HUD-insured and Low Income Housing Tax Credit (LIHTC) properties, BMG is able to provide services for a wide client base.