Oklahoma

OU Medicine Acquires HCA’s Interests in Oklahoma City Medical System for $1.1B

by Kristin Harlow March 23, 2018

OKLAHOMA CITY — OU Medicine Inc. has acquired interests in OU Medical System (OUMS), a series of hospitals and medical facilities in and around Oklahoma City. The buyer received nearly $1.1 billion in financing for the transaction. The seller was HCA Healthcare, which sold its full interest in the system. OU Medicine is an affiliate of University Hospitals Authority and Trust (UHAT). HCA Healthcare is a joint operating company operated by HCA and UHAT. OU Medicine, a newly formed 501(c)(3) corporation, completed the acquisition with a $900 million bridge financing and $175 million subordinated debt issuance. Proceeds from the combined nearly $1.1 billion financing were also used to provide liquidity on OU Medicine’s balance sheet, fund a portion of a bed tower expansion and redeem $42.4 million of outstanding UHAT bonds. The bridge financing included $673.4 million of tax-exempt direct purchase senior bonds and a $232.5 million taxable senior loan. UHAT retained Cain Brothers as its exclusive M&A advisor to negotiate the termination of the existing joint operating agreement with HCA. Cain Brothers also acted as financial advisor to assist in sourcing and structuring the bridge financing. OU Medicine was formed to own and operate OUMS, a health system of three …

March 23, 2018

Affordable Housing Loans Multifamily Oklahoma Texas

Greystone Closes $38.5M in Financing for Affordable Housing Portfolio in Oklahoma

by Taylor Williams March 15, 2018

RALEIGH, N.C. — Raleigh-based Greystone Affordable Development has closed $38.5 million in financing for the rehabilitation and development of a portfolio of affordable housing properties in Oklahoma. The multifamily portfolio consists of 13 properties totaling 294 units and serving low-income households across eight counties in Oklahoma. The financing was secured on behalf of Oklahoma-based Green Cos. Development Group Inc., which owns and operates the properties. Most of the funds were placed through USDA’s Rural Housing Services and the Oklahoma Housing Finance Agency.

March 15, 2018

Loans Multifamily Oklahoma Texas

Harborview Arranges $16M HUD Refinancing of Multifamily Asset in Oklahoma

by Taylor Williams February 7, 2018

OKLAHOMA — Lawrence, N.Y.-based Harborview Capital Partners has arranged the $16 million refinancing of a multifamily property in Oklahoma that comprises more than 300 units. The non-recourse loan was financed through HUD’s MAP 223(f) program and features an 80 percent loan-to-value (LTV) ratio and a 35-year fixed-rate term. Jeffrey Fuchs of Harborview secured the loan on behalf of a California-based borrower, which purchased the property two years ago and implemented a $4 million capital improvement plan.

February 7, 2018

Healthcare Oklahoma Texas

Inland Purchases 33,500 SF Medical Office Building in Oklahoma City

by Taylor Williams January 19, 2018

OKLAHOMA CITY — Inland Real Estate Acquisitions LLC has purchased the Surgical Hospital of Oklahoma, a 33,500-square-foot medical office building located at 100 SE 59th St. near downtown Oklahoma City. The inpatient, acute care hospital offers 12 beds and seven operating rooms equipped to handle laser procedures, pain management and short-term hospitalization. Mark Cosenza and David Neboyskey of Inland secured the acquisition on behalf of an Inland affiliate. Mark West, Coler Yoakam, Anthony Frogameni and Michael George of HFF represented the seller, Atlanta-based Pro Realty LLC.

January 19, 2018

Industrial Oklahoma Texas

ATCAP Acquires 16-Building, 1 MSF Industrial Portfolio in Dallas, Oklahoma City

by Taylor Williams January 15, 2018

DALLAS AND OKLAHOMA CITY — Dallas-based investment firm ATCAP Partners has acquired a portfolio of 16 industrial buildings totaling approximately 1 million square feet. The purchase of the properties, which are located in Dallas and Oklahoma City, brings ATCAP’s volume of industrial acquisitions over the last two months to more than 2 million square feet. Brian Carlton of HFF arranged acquisition financing for the sale through Global Atlantic Financial Group.

January 15, 2018

Hospitality Oklahoma Texas

NewcrestImage Opens 142-Room AC Hotel in Oklahoma City’s Bricktown District

by John Nelson January 2, 2018

OKLAHOMA CITY — NewcrestImage has opened a five-story, 142-room AC Hotel in Oklahoma City’s historic Bricktown neighborhood. NewcrestImage used modular construction to build the new AC Hotel, a first for both the Dallas-based company and Oklahoma City’s hotel market. Modular construction is a building technique where a project is constructed in sections off-site and assembled together on-site. The new hotel features 800 square feet of meeting space, a fitness center, business center, fine dining restaurant and a European-style bar and lounge. The hotel is located adjacent to the 13,000-seat Chickasaw Bricktown Ballpark — home of the Oklahoma City Dodgers baseball team — and within a few blocks of the Cox Convention Center.

January 2, 2018

Hospitality Oklahoma Texas

Home2 Suites by Hilton Opens 115-Room Hotel in Oklahoma City

by Taylor Williams December 18, 2017

OKLAHOMA CITY — Home2Suites by Hilton has opened a 115-room hotel located off Interstates 40 and 44 near Will Rogers Airport in Oklahoma City. The pet-friendly property features amenities such as a combined fitness and laundry area, an indoor saltwater pool and a fire pit and grill area. Suites offer fully equipped kitchens and modular furniture. Nashville-based Platinum Hospitality LLC will manage the property.

December 18, 2017

Loans Multifamily Oklahoma Texas

Harborview Closes $16.1M in Acquisition Financing for Two Multifamily Assets in Oklahoma

by Taylor Williams November 3, 2017

NORMAN AND TULSA, OKLA. — Harborview Capital Partners has closed a total of $16.1 million in acquisition financing for a 399-unit multifamily property in Norman and a 100-unit multifamily property in Tulsa. Jeffrey Fuchs of Harborview closed both deals. Fuchs also recently closed $1.7 million in refinancing for two retail properties in Lorenzo and Paducah, Texas, both of which are leased to Family Dollar. The names of the Oklahoma multifamily properties and the borrowers were not disclosed.

November 3, 2017

Multifamily Oklahoma Texas

Knightvest Management Acquires 682-Unit Multifamily Community in Tulsa

by Taylor Williams October 19, 2017

TULSA, OKLA. — Knightvest Management, a Dallas-based multifamily investment and management firm, has acquired Waterside, a 682-unit apartment community located at 1703 S. Jackson Ave. W in Tulsa. The property includes a combination of one- and two-bedroom units and amenities such as a fitness center, business center, resort-style pool and convenient access to nearby jogging and biking trails. The company is planning a multimillion-dollar renovation to the property’s interior and exterior. The seller and sales price were not disclosed.

October 19, 2017

Hospitality Oklahoma Texas

Hilton Opens 99-Room Home2 Suites Hotel in Metro Oklahoma City

by Taylor Williams October 3, 2017

MIDWEST CITY, OKLA. — Hilton Worldwide has opened Home2 Suites by Hilton OKC Midwest City Tinker AFB, a 99-room hotel located in Midwest City, an eastern suburb of Oklahoma City. Amenities include a combined fitness and laundry area, 1,000 square feet of meeting space and an indoor pool. The property is located at 1820 Center Drive near Tinker Air Force Base, Rose State College and Will Rogers World Airport.

October 3, 2017

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