Bella Vista, which was over 96% occupied at closing, is a 634-unit garden-style apartment community built by Interland in two phases in 1991 and 1993. The multifamily complex is situated on more than 22 acres and offers one- and two-bedroom units featuring new all-electric kitchen appliances, spacious closets, ceiling fans and patios or balconies. Top-floor units feature cathedral ceilings and marble wood-burning fireplaces. Property amenities include two clubhouse buildings, three outdoor pools, spas and saunas, a carwash area, gated entry and private garages in some buildings. The main clubhouse includes a resident lounge, full kitchen, fitness center, library, reception and mezzanine area, conference center with Internet access, and an aerobics studio.

As GlobeSt.com reported earlier this month, Bethesda, MD-based Walker & Dunlop is acquiring CWCapital in a cash-and-stock deal for $220 million. The deal, structured as an $80-million cash payment and approximately $140 million of W&D stock, was expected to close within 90 to 120 days, subject to stockholder and regulatory approval. Once it does, the firm will have scaled up considerably—creating one of the largest commercial real estate lenders in the country. “The overall reach of the company will grow dramatically because of this deal, from its geographic footprint to overall origination volumes,” Willy Walker, CEO of Walker & Dunlop, told GlobeSt.com at the time.