25 Units Cornerstone - Tulsa, Oklahoma
Cornerstone Apartments consists of 25 units total. There are six large townhouse units on the north parcel of the property. These townhome units are large, with 2 bedrooms, stackable washer and dryer connections, private patios, and covered parking. There are 19 units contained in the south building. These units consist of 1 and 2bedroom units. This apartment building has an on-site coin operated laundry that is maintained consistently by a 3rd party laundry company. Some of the value-added opportunities that will be implementing on this apartments complex are as follows: convert an office unit to an efficiency room, exterior updates to change the curb-appeal, and upgrade units as leases are expired to increase NOI to match the market conditions.
14 Units The Luxor – Oklahoma City, Oklahoma
The Luxor Apartments consists of 14 units total with 1bed/1bath layout. This apartments complex locates a couple of blocks from the Oklahoma City University and Asian District, 10-20 minutes from the OKC Fairgrounds and Oklahoma City. Some of the value-added opportunities that will be implemented on this apartments complex are as follows: pavement upgrade and exterior updates to change the tenant’s perception of the property. The interiors will only require minimal work as almost all of these units are in excellent condition.
10 Units Santa Fe – Oklahoma City, Oklahoma
The Santa Fe Apartments consists of 10 units with 1bed/1bath layout. This apartments complex locates 20 minutes from Oklahoma City University and Asian District, 10-20 minutes from the OKC Fairgrounds and Oklahoma City. Some of the value-added opportunities that will be implemented on this apartments complex are as follows: pavement upgrades, exterior updates, and remodeling a few units as the leases are expired in order to increase NOI to match the market conditions.
174 units Avery – Tulsa, Oklahoma
The Avery Portfolio consists of Avery Square (72 units) and Avery Park (102
units) apartment properties located in the coveted Midtown district of
Tulsa, OK. Both properties are highlighted by their visibility from I-44 and
their proximity to three of Tulsa’s largest hospitals, the downtown
district, and Tulsa’s four main shopping areas. A major strength of the
portfolio is its unit mix, which centres on its 2-bedroom units (2bd 1.5 ba
and 2bd 2ba) but also includes 1-bedroom units (1 bd 1ba) and 3-bedroom
units (3bd 2 ba and 3bd 2.5ba). Both Avery properties are in the middle of
significant interior cosmetic upgrades as part of their repositioning into
a strong Class B asset designation. The major value-add component of the
Avery strategy will be to continue the interior upgrades and further advance
a select number of these units into premium market rents. Nearly $2million
in CAPEX since 2019 has also secured the Avery properties as a solid asset
set for future growth.