Tulsa Apartments
Tulsa Apartments
Steelhead Investments Provides Advisory Services on the sale of a 160 unit Apartment Building in Tulsa, Oklahoma.
Steelhead Investment Advisors is pleased to announce the sale of the Tulsa Apartments. The property consists of 160 units housed in seventeen, two-story wood framed, walk-up buildings that were constructed in 1974.
Multifamily Investment Highlights:
Buyer requested that the terms of the transaction remain confidential.
The Tulsa economy is recovering, and recent reports have shown that the total non-farm employment for January 2007 was higher than any other January since 1990. This information provided by the U.S. Bureau of Labor Statistics along with the recent decrease in vacancy in the Tulsa rental market has allowed the current owners to increase rents and lower expenses, which is why Tulsa is seeing a lot of sales activity. As product continues to change hands, new ownership will benefit from shrinking concessions and loss-to-lease. The Tulsa market should remain strong though the end of 2007 as fewer people are qualifying for housing loans and as a result, more people are turning to apartment living.
Steelhead Capital Investment Advisory Services specializes in the disposition and acquisition of multifamily investment opportunities. Contact us today to learn more about how Steelhead can help you maximize your investment portfolios.
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