Oklahoma

Residences at The Streets of St. Charles

Morgan Properties Acquires 11-Property Midwest Multifamily Portfolio for $501M

by Channing Hamilton April 4, 2025

CONSHOHOCKEN, PA. — Morgan Properties has acquired a portfolio of 3,054 apartment units across 11 communities in eight states. Chicago-based Trilogy Real Estate Group was the seller in the deal, which was valued at $501 million. The communities — which are located in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, Oklahoma and Tennessee — were built between 1989 and 2018. Adam Doneger and Josh King of Newmark brokered the sale of 10 of the communities in the portfolio, while Walker & Dunlop brokered the sale of one property. Morgan Properties states that the firm plans to implement a value-add strategy to increase the marketability and comfort of the properties. Interior upgrades will include the installation of new flooring, appliances, cabinets and countertops, as well as smart home features. The new owner will also expand and refresh the onsite amenities. The acquisition expands Morgan Properties’ apartment holdings to more than 100,000 units across the nation. The Conshohocken-based development and investment firm now owns and operates roughly 360 communities in 22 states. “As we continue to strategically expand our national portfolio, we remain selective and opportunistic in this environment,” said Jonathan Morgan and Jason Morgan, co-presidents of Morgan Properties. “Morgan Properties has a proven …

April 4, 2025

Acquisitions Hospitality Oklahoma Texas

HotelBrokerOne Arranges Sale of 218-Room Hotel in Oklahoma City

by Taylor Williams March 20, 2025

OKLAHOMA CITY — Locally based brokerage firm HotelBrokerOne has arranged the sale of the 218-room Best Western Plus Saddleback Inn in Oklahoma City. The hotel offers an onsite bar and restaurant in addition to complimentary breakfast, and guests also have access to a pool, indoor spa and sauna and meeting/event spaces. Ted Holmes led the transaction for HotelBrokerOne. The buyer and seller were not disclosed. The new ownership plans to renovate and rebrand the property under the Eagle Suites banner.

March 20, 2025

Acquisitions Multifamily Oklahoma Texas

Home Invest Acquires 100-Unit Apartment Complex in Del City, Oklahoma

by Taylor Williams February 27, 2025

DEL CITY, OKLA. — Home Invest, a private investment firm and fund manager, has acquired Morgan Terrace, a 100-unit apartment complex in Del City, located southeast of the state capital. The sales price was $3.7 million, and the seller was an undisclosed, California-based investor. According to Apartments.com, Morgan Terrace was built in 1964 and offers one-, two- and three-bedroom units, as well as a courtyard and onsite laundry facilities.

February 27, 2025

Acquisitions Industrial Oklahoma Self-Storage Texas

Marcus & Millichap Brokers Sale of 375-Unit Self-Storage Facility in Tuttle, Oklahoma

by Taylor Williams October 4, 2024

TUTTLE, OKLA. — Marcus & Millichap has brokered the sale of Premium Storage, a 375-unit self-storage facility in Tuttle, a southwestern suburb of Oklahoma City. The site spans seven acres, and the property features 107,330 net rentable square feet across 37 climate-controlled units, 334 non-climate-controlled units and four commercial spaces. Bryan Quaschnick, Danny Cunningham and Brandon Karr of Marcus & Millichap represented the Dallas-based seller in the deal and procured the buyer, an out-of-state, privately held investment group. Both parties requested anonymity.

October 4, 2024

Leasing Activity Office Oklahoma Texas

CBRE Opens 5,154 SF Office at Phillips Murrah Building in Midtown Oklahoma City

by Taylor Williams September 10, 2024

OKLAHOMA CITY — CBRE has opened a 5,154-square-foot office at the Phillips Murrah Building in Oklahoma City. The Dallas-based real estate services firm is relocating from 3401 NW 63rd St. to the second floor of the building, which is located in the city’s Midtown area. The space features various social spaces that support collaborative work, including bench-seating workstations, focus rooms, phone rooms and a huddle room.

September 10, 2024

Loans Multifamily Oklahoma Texas

Thorofare Capital Funds $23M Loan for Refinancing of Multifamily Property Near Tulsa

by Taylor Williams August 28, 2024

BROKEN ARROW, OKLA. — Los Angeles-based Thorofare Capital has funded a $23 million loan for the refinancing of Dream Aspen Creek, a 240-unit multifamily property in Broken Arrow, located just east of Tulsa. Built in 2018, the property features 17 residential buildings that house one- and two-bedroom units on a 12.2-acre site. Amenities include a pool, clubhouse, fitness center, dog run, outdoor grilling and dining stations and package lockers. David Perlman, Jacob Yi and Jason Campbell of Thorofare Capital originated the fixed-rate loan on behalf of the borrower, an affiliate of Florida-based DLP Capital.

August 28, 2024

Acquisitions Oklahoma Retail Texas

Marcus & Millichap Arranges $3.9M Sale of Tulsa Retail Building Leased to Walgreens

by Taylor Williams July 31, 2024

TULSA, OKLA. — Marcus & Millichap has arranged the $3.9 million sale of a 14,490-square-foot retail building in Tulsa that is leased to Walgreens. The building was originally constructed in 2002. Joe Sparano, Dan Yozwiak and Darpan Patel of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Steve Greer of Marcus & Millichap assisted in closing the deal as the broker of record.

July 31, 2024

Development Multifamily Oklahoma Texas

Pennrose, THA to Develop $190M Affordable Housing Project in Tulsa

by Taylor Williams July 12, 2024

TULSA, OKLA. — A public-private partnership between Pennrose and the Tulsa Housing Authority (THA) will develop 36N, a $190 million, 545-unit mixed-income residential project. The partnership will redevelop the existing 271-unit Comanche Park Apartments and construct an additional 274 units from the ground up as part of a larger revitalization initiative known as Envision Comanche. The development will also feature single-family homes and a mix of commercial and civic uses, including a grocery store, urban farm and q wilderness area. Vertical construction for Phase I of 36N will begin later this summer, with full completion slated for 2028.

July 12, 2024

Loans Multifamily Oklahoma Texas

MMCC Arranges $6.7M Loan for Refinancing of Multifamily Property in Harrah, Oklahoma

by Taylor Williams May 31, 2024

HARRAH, OKLA. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $6.7 million loan for the refinancing of Prairie Breeze Townhomes, a 56-unit multifamily property in Harrah, an eastern suburb of Oklahoma City. The property was built in 2013 and consists entirely of three-bedroom units. Robert Bhat of MMCC originated the financing. The direct lender and borrower were not disclosed. The loan carries 12 months of interest-only payments and a 30-year amortization schedule.

May 31, 2024

Hospitality Loans Oklahoma Texas

Largo Capital Arranges $10M in Financing for West Texas, Oklahoma City Hotels

by Taylor Williams May 30, 2024

BROWNWOOD, TEXAS AND OKLAHOMA CITY — Largo Capital, a financial intermediary based in Upstate New York, has arranged $10 million in financing for a pair of hotels in Texas and Oklahoma. The undisclosed borrower used the proceeds to refinance a 71-room La Quinta Inn & Suites in Brownwood, about 150 miles southwest of Fort Worth, and to acquire a 72-room Hampton Inn hotel in Oklahoma City. Katie Vivian of Largo Capital placed the fixed-rate, nonrecourse debt through an undisclosed direct lender.

May 30, 2024

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