|Number of units||160|
Jones Lang LaSalle Americas, Inc. ("JLL"), a licensed real estate broker, is pleased to offer the exclusive opportunity to acquire the OK3 Portfolio, a three-property, 512-unit multi-housing Portfolio in the Oklahoma City MSA. The Portfolio represents an tremendous value-add opportunity as all three Properties are currently going through a market-rate conversion from affordable housing. An Investor will benefit from significant, organic rent growth as nearby unrestricted communities achieve rents in excess of $200 above current lease rents across the Portfolio. The Portfolio is well-located, within close proximity to key employment drivers, and offers tremendous upside while also generating attractive interim cash flow.
- Market-Rate Conversion Currently Underway, Resulting in Outsized Revenue Growth
- Prime Locations Adjacent to Major Employers in Rapidly-Growing & Diversifying MSA
- Attractive Value-Add Opportunity
- Large Floorplans & Suburban Location Drives Demand