BSR Trust LLC of Little Rock is investing nearly $4 million to renovate the Overbrook apartment complex on JFK Boulevard in North Little Rock.
The apartment complex has 440 units. Construction began in June and will continue through September.
"We saw an opportunity at Overbrook to layer community reinvestment on top of our existing growth strategy and enhance one of our core properties," Daniel Oberste, chief investment officer of BSR Trust said in a news release. "The result will be a modernized community, at a competitive price point, in the heart of North Little Rock offering amenities typically found at newer builds on the periphery of a city."
Overbrook Apartments includes one-, two- and three-bedroom units. Some apartments are multi-story and have amenities like private porches and garages.
Renovations include new appliances, countertops, fixtures, lighting, flooring, paint, porch railings and other improvements. Common area additions include a dog park, nature trail, playground, pavilion, outdoor grilling area, sports court, private access gate and building exterior improvements.
"This investment is a response to what customers in the multifamily industry demand," Oberste said. "However, Overbrook is not new construction on land we remember that was once the edge of our city. This is reinvestment in an already great property centrally located in heart of our community. This investment allows us to meet our business objectives and improve the North Little Rock community at the same time."